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Circle Wealth Management LLC Has $607,000 Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Circle Wealth Management LLC lifted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Rating) by 48.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,011 shares of the medical equipment provider’s stock after acquiring an additional 655 shares during the quarter. Circle Wealth Management LLC’s holdings in Intuitive Surgical were worth $607,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Standard Family Office LLC bought a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $27,000. IronBridge Private Wealth LLC boosted its stake in shares of Intuitive Surgical by 200.0% during the 4th quarter. IronBridge Private Wealth LLC now owns 81 shares of the medical equipment provider’s stock worth $29,000 after acquiring an additional 54 shares during the period. Comprehensive Financial Consultants Institutional Inc. bought a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $30,000. JFS Wealth Advisors LLC boosted its stake in shares of Intuitive Surgical by 145.2% during the 1st quarter. JFS Wealth Advisors LLC now owns 103 shares of the medical equipment provider’s stock worth $31,000 after acquiring an additional 61 shares during the period. Finally, O Dell Group LLC boosted its stake in shares of Intuitive Surgical by 200.0% during the 4th quarter. O Dell Group LLC now owns 90 shares of the medical equipment provider’s stock worth $32,000 after acquiring an additional 60 shares during the period. 82.44% of the stock is currently owned by institutional investors.

Insider Transactions at Intuitive Surgical

In other news, Director Amal M. Johnson sold 6,375 shares of the business’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $210.76, for a total transaction of $1,343,595.00. Following the completion of the transaction, the director now owns 11,224 shares of the company’s stock, valued at approximately $2,365,570.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Intuitive Surgical news, EVP Myriam Curet sold 9,000 shares of the company’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $225.00, for a total value of $2,025,000.00. Following the completion of the transaction, the executive vice president now owns 217 shares of the company’s stock, valued at approximately $48,825. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Amal M. Johnson sold 6,375 shares of the company’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $210.76, for a total value of $1,343,595.00. Following the completion of the transaction, the director now directly owns 11,224 shares of the company’s stock, valued at approximately $2,365,570.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 101,162 shares of company stock valued at $22,062,916. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $221.32 on Friday. Intuitive Surgical, Inc. has a 52 week low of $186.83 and a 52 week high of $369.69. The stock has a market capitalization of $79.04 billion, a P/E ratio of 56.32, a price-to-earnings-growth ratio of 6.16 and a beta of 1.31. The stock has a fifty day moving average of $219.35 and a 200-day moving average of $238.92.

Intuitive Surgical (NASDAQ:ISRGGet Rating) last posted its quarterly earnings results on Thursday, July 21st. The medical equipment provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.13. Intuitive Surgical had a return on equity of 12.04% and a net margin of 24.05%. During the same quarter in the previous year, the company posted $1.42 earnings per share. On average, research analysts forecast that Intuitive Surgical, Inc. will post 3.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ISRG shares. TheStreet downgraded Intuitive Surgical from a “b-” rating to a “c+” rating in a research note on Thursday, May 19th. Wells Fargo & Company reduced their price target on Intuitive Surgical to $265.00 in a research note on Friday, July 22nd. Evercore ISI reduced their price target on Intuitive Surgical from $210.00 to $175.00 in a research note on Friday, July 22nd. The Goldman Sachs Group reduced their price target on Intuitive Surgical from $319.00 to $273.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Finally, Morgan Stanley reduced their price target on Intuitive Surgical from $300.00 to $225.00 and set an “equal weight” rating for the company in a research note on Friday, July 15th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $268.00.

Intuitive Surgical Profile

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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 to enable 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.

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