Jackson Wealth Management LLC Increases Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Jackson Wealth Management LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 46.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,027 shares of the medical equipment provider’s stock after acquiring an additional 325 shares during the quarter. Jackson Wealth Management LLC’s holdings in Intuitive Surgical were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ISRG. Weaver Capital Management LLC raised its stake in shares of Intuitive Surgical by 10.7% during the 4th quarter. Weaver Capital Management LLC now owns 2,578 shares of the medical equipment provider’s stock valued at $1,346,000 after purchasing an additional 249 shares during the period. Stratos Investment Management LLC purchased a new position in Intuitive Surgical during the fourth quarter valued at approximately $215,000. Stratos Wealth Advisors LLC increased its holdings in Intuitive Surgical by 2.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 6,219 shares of the medical equipment provider’s stock worth $3,246,000 after acquiring an additional 124 shares during the period. Stratos Wealth Partners LTD. raised its holdings in shares of Intuitive Surgical by 1.9% in the 4th quarter. Stratos Wealth Partners LTD. now owns 17,993 shares of the medical equipment provider’s stock valued at $9,392,000 after acquiring an additional 330 shares in the last quarter. Finally, E. Ohman J or Asset Management AB grew its holdings in shares of Intuitive Surgical by 2.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 30,072 shares of the medical equipment provider’s stock worth $15,696,000 after purchasing an additional 755 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

ISRG has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Mizuho lifted their price target on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. increased their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Wells Fargo & Company upped their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, CICC Research assumed coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Up 0.2 %

Shares of ISRG stock opened at $579.65 on Wednesday. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The stock has a market capitalization of $206.46 billion, a P/E ratio of 90.43, a P/E/G ratio of 5.51 and a beta of 1.39. The firm’s 50 day moving average is $551.24 and its 200 day moving average is $511.16.

Insider Activity

In other news, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $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 is available at this link. Also, CFO Jamie Samath sold 94 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of the transaction, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,843 shares of company stock valued at $15,357,560 in the last ninety days. 0.80% of the stock is currently owned by company insiders.

Intuitive Surgical 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.