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

Evermay Wealth Management LLC grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 427 shares of the medical equipment provider’s stock after buying an additional 105 shares during the period. Evermay Wealth Management LLC’s holdings in Intuitive Surgical were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ridgewood Investments LLC acquired a new position in Intuitive Surgical in the second quarter valued at about $26,000. Godsey & Gibb Inc. boosted its position in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after purchasing an additional 35 shares during the period. Creekmur Asset Management LLC boosted its position in shares of Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. LGT Financial Advisors LLC increased its holdings in Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 54 shares during the last quarter. Finally, Delos Wealth Advisors LLC raised its position in Intuitive Surgical by 380.0% in the first quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG opened at $513.77 on Thursday. Intuitive Surgical, Inc. has a 1-year low of $260.17 and a 1-year high of $523.34. The stock has a market cap of $182.99 billion, a PE ratio of 82.60, a price-to-earnings-growth ratio of 5.11 and a beta of 1.39. The firm has a fifty day moving average price of $489.74 and a 200 day moving average price of $445.30.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BTIG Research set a $535.00 price objective on Intuitive Surgical in a research note on Friday, October 18th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Barclays raised their price objective on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Evercore ISI reaffirmed a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, Truist Financial raised their price target on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average target price of $513.74.

Insider Activity

In other Intuitive Surgical news, EVP Robert Desantis sold 1,012 shares of Intuitive Surgical stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $514.00, for a total transaction of $520,168.00. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,830,084. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Robert Desantis sold 1,012 shares of Intuitive Surgical stock in a transaction on Friday, October 25th. The shares were sold at an average price of $514.00, for a total value of $520,168.00. Following the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,830,084. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Gary Loeb sold 300 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $475.00, for a total transaction of $142,500.00. Following the sale, the general counsel now owns 1,595 shares of the company’s stock, valued at approximately $757,625. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,095 shares of company stock valued at $24,552,712. Insiders own 0.80% of the company’s stock.

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.