Western Financial Corp CA Has $1.46 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Western Financial Corp CA lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,801 shares of the medical equipment provider’s stock after buying an additional 234 shares during the quarter. Western Financial Corp CA’s holdings in Intuitive Surgical were worth $1,462,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter valued at $26,000. Godsey & Gibb Inc. increased its holdings in Intuitive Surgical by 140.0% in the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in Intuitive Surgical in the third quarter valued at about $33,000. Decker Retirement Planning Inc. bought a new position in Intuitive Surgical during the fourth quarter worth about $36,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intuitive Surgical during the 3rd quarter worth about $38,000. 83.64% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ISRG. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Truist Financial lifted their target price on Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group lifted their price objective on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $613.10.

Insider Buying and Selling

In other news, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jamie Samath sold 22,903 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $525.00, for a total value of $12,024,075.00. Following the completion of the sale, the insider now owns 8,757 shares in the company, valued at approximately $4,597,425. This trade represents a 72.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,843 shares of company stock worth $15,357,560. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 1.4 %

Shares of Intuitive Surgical stock opened at $571.88 on Friday. The stock has a market cap of $203.69 billion, a P/E ratio of 89.22, a P/E/G ratio of 5.52 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The business’s 50 day moving average is $550.40 and its 200-day moving average is $508.94.

About Intuitive Surgical

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.