SFG Wealth Management LLC. Purchases Shares of 407 Intuitive Surgical, Inc. (NASDAQ:ISRG)

SFG Wealth Management LLC. acquired a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 407 shares of the medical equipment provider’s stock, valued at approximately $212,000.

Several other institutional investors have also recently modified their holdings of ISRG. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Intuitive Surgical by 5.5% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,450 shares of the medical equipment provider’s stock worth $2,870,000 after acquiring an additional 338 shares during the last quarter. King Luther Capital Management Corp raised its position in Intuitive Surgical by 2.1% in the 2nd quarter. King Luther Capital Management Corp now owns 5,670 shares of the medical equipment provider’s stock worth $2,522,000 after purchasing an additional 114 shares during the period. AE Wealth Management LLC lifted its stake in Intuitive Surgical by 24.5% in the second quarter. AE Wealth Management LLC now owns 3,822 shares of the medical equipment provider’s stock worth $1,700,000 after purchasing an additional 752 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Intuitive Surgical by 3.3% during the second quarter. Summit Trail Advisors LLC now owns 4,714 shares of the medical equipment provider’s stock valued at $2,097,000 after buying an additional 152 shares during the period. Finally, Evolutionary Tree Capital Management LLC bought a new position in shares of Intuitive Surgical during the second quarter valued at about $1,981,000. 83.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Mizuho raised their price target on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. BTIG Research lifted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Wells Fargo & Company increased their price target on shares of Intuitive Surgical from $549.00 to $630.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Raymond James boosted their price objective on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $554.17.

Intuitive Surgical Trading Up 1.5 %

NASDAQ ISRG opened at $592.64 on Monday. Intuitive Surgical, Inc. has a 12 month low of $362.14 and a 12 month high of $597.68. The stock’s fifty day moving average price is $540.66 and its 200-day moving average price is $499.19. The stock has a market cap of $211.09 billion, a P/E ratio of 95.28, a P/E/G ratio of 4.66 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.32. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. As a group, analysts forecast that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Mark Brosius sold 2,128 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total value of $1,095,920.00. Following the completion of the sale, the senior vice president now directly owns 273 shares in the company, valued at $140,595. The trade was a 88.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the transaction, the chief executive officer now owns 24,219 shares in the company, valued at approximately $12,391,166.97. This trade represents a 42.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,190 shares of company stock worth $25,012,927 in the last three months. Insiders own 0.80% of the company’s stock.

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.