Edge Capital Group LLC Raises Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Edge Capital Group LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 765 shares of the medical equipment provider’s stock after purchasing an additional 65 shares during the quarter. Edge Capital Group LLC’s holdings in Intuitive Surgical were worth $399,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $26,000. MidAtlantic Capital Management Inc. bought a new stake in Intuitive Surgical in the third quarter worth $33,000. Decker Retirement Planning Inc. purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth $36,000. Sierra Ocean LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth $40,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Intuitive Surgical during the third quarter valued at $38,000. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 0.1 %

NASDAQ ISRG opened at $591.01 on Tuesday. The firm has a market capitalization of $210.51 billion, a P/E ratio of 92.20, a PEG ratio of 5.85 and a beta of 1.39. The company has a 50-day moving average price of $566.43 and a 200-day moving average price of $526.49. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

Insider Buying and Selling at Intuitive Surgical

In other news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the transaction, the chief financial officer now directly owns 3,282 shares of the company’s stock, valued at $1,936,380. The trade was a 7.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,240 shares of company stock valued at $3,529,040. Insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Citigroup increased their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday, January 24th. UBS Group raised their price target on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a research report on Monday, January 27th. Raymond James upped their price objective on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group increased their target price on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.