Strategic Financial Concepts LLC Has $163.20 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Strategic Financial Concepts LLC boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 50,740.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 312,671 shares of the medical equipment provider’s stock after purchasing an additional 312,056 shares during the period. Strategic Financial Concepts LLC’s holdings in Intuitive Surgical were worth $163,202,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Silver Oak Securities Incorporated increased its position in Intuitive Surgical by 12.8% during the 4th quarter. Silver Oak Securities Incorporated now owns 1,784 shares of the medical equipment provider’s stock valued at $940,000 after purchasing an additional 203 shares during the period. Legacy CG LLC increased its position in shares of Intuitive Surgical by 28.1% during the fourth quarter. Legacy CG LLC now owns 8,479 shares of the medical equipment provider’s stock worth $4,426,000 after buying an additional 1,861 shares during the period. YANKCOM Partnership bought a new position in Intuitive Surgical during the fourth quarter worth $441,000. Bleakley Financial Group LLC lifted its holdings in Intuitive Surgical by 12.6% in the fourth quarter. Bleakley Financial Group LLC now owns 9,433 shares of the medical equipment provider’s stock valued at $4,923,000 after buying an additional 1,055 shares during the period. Finally, Kercheville Advisors LLC boosted its position in Intuitive Surgical by 25.1% during the fourth quarter. Kercheville Advisors LLC now owns 1,070 shares of the medical equipment provider’s stock valued at $558,000 after acquiring an additional 215 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

ISRG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Robert W. Baird raised their price objective on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Evercore ISI boosted their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Finally, Mizuho raised their price target on shares of Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. 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, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Trading Down 0.4 %

NASDAQ ISRG opened at $588.50 on Friday. The firm has a market capitalization of $209.61 billion, a P/E ratio of 91.81, a PEG ratio of 5.51 and a beta of 1.39. The business has a fifty day simple moving average of $553.03 and a 200 day simple moving average of $512.59. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00.

Insider Activity

In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction on Friday, November 29th. The stock was 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. The trade was a 6.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jamie Samath sold 269 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the sale, the insider now directly owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. This represents a 2.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,940 shares of company stock worth $3,333,485 over the last quarter. Insiders own 0.80% of the company’s stock.

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.