Quotient Wealth Partners LLC Acquires 97 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Quotient Wealth Partners LLC boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,619 shares of the medical equipment provider’s stock after purchasing an additional 97 shares during the period. Quotient Wealth Partners LLC’s holdings in Intuitive Surgical were worth $845,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of ISRG. Northeast Investment Management raised its stake in Intuitive Surgical by 3.1% during the 4th quarter. Northeast Investment Management now owns 89,170 shares of the medical equipment provider’s stock valued at $46,543,000 after purchasing an additional 2,685 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Intuitive Surgical by 181.4% during the 4th quarter. Empowered Funds LLC now owns 23,006 shares of the medical equipment provider’s stock worth $12,008,000 after purchasing an additional 14,829 shares during the period. Forbes J M & Co. LLP raised its position in shares of Intuitive Surgical by 211.5% during the fourth quarter. Forbes J M & Co. LLP now owns 1,953 shares of the medical equipment provider’s stock valued at $1,019,000 after buying an additional 1,326 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of Intuitive Surgical by 1.6% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 564,332 shares of the medical equipment provider’s stock valued at $294,559,000 after buying an additional 8,671 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in Intuitive Surgical by 2.2% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,354 shares of the medical equipment provider’s stock valued at $2,273,000 after acquiring an additional 94 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $582.98 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The firm has a market capitalization of $207.65 billion, a P/E ratio of 90.95, a P/E/G ratio of 5.67 and a beta of 1.39. The company’s 50 day simple moving average is $554.85 and its 200 day simple moving average is $513.96.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Oppenheimer reaffirmed a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. UBS Group upped their target price on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Finally, BTIG Research raised their price target 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $613.10.

Insider Activity

In related news, CFO Jamie Samath sold 94 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total value of $53,684.34. Following the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at $1,502,019.30. This trade represents a 3.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Amal M. Johnson sold 4,635 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,940 shares of company stock valued at $3,333,485 in the last 90 days. 0.90% of the stock is owned by company insiders.

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.