MONECO Advisors LLC Has $589,000 Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

MONECO Advisors LLC increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,129 shares of the medical equipment provider’s stock after buying an additional 85 shares during the period. MONECO Advisors LLC’s holdings in Intuitive Surgical were worth $589,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ISRG. Massachusetts Financial Services Co. MA bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $558,807,000. FMR LLC boosted its holdings in shares of Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after buying an additional 838,793 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Intuitive Surgical by 15,322.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after buying an additional 552,058 shares during the period. Strategic Financial Concepts LLC boosted its holdings in shares of Intuitive Surgical by 50,740.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock worth $163,202,000 after buying an additional 312,056 shares during the period. Finally, State Street Corp boosted its holdings in shares of Intuitive Surgical by 1.4% during the 3rd quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider’s stock worth $7,393,673,000 after buying an additional 210,363 shares during the period. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Stock Down 0.1 %

Shares of Intuitive Surgical stock opened at $591.01 on Tuesday. The stock has a market capitalization of $210.51 billion, a P/E ratio of 92.20, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. The company has a 50-day simple moving average of $566.43 and a 200 day simple moving average of $526.49. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ISRG shares. Royal Bank of Canada increased their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Citigroup increased their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday, January 24th. Piper Sandler reissued an “overweight” rating and issued a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Leerink Partners increased their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Finally, UBS Group increased their price target on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Myriam Curet sold 408 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the sale, the executive vice president now owns 353 shares of the company’s stock, valued at $208,181.75. The trade was a 53.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,240 shares of company stock worth $3,529,040 in the last quarter. 0.90% of the stock is owned by corporate 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.