KPP Advisory Services LLC Buys 64 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

KPP Advisory Services LLC grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,272 shares of the medical equipment provider’s stock after buying an additional 64 shares during the quarter. KPP Advisory Services LLC’s holdings in Intuitive Surgical were worth $664,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ISRG. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical during the fourth quarter worth $26,000. Godsey & Gibb Inc. grew its stake in shares of Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after buying an additional 35 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical during the third quarter worth $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Intuitive Surgical during the fourth quarter worth $36,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Intuitive Surgical during the third quarter worth $38,000. Institutional investors own 83.64% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on ISRG. Robert W. Baird lifted their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. CICC Research initiated coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They set a “neutral” rating and a $550.00 price target on the stock. Evercore ISI boosted their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Bernstein Bank upped their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $613.10.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $571.88 on Monday. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The company has a 50-day simple moving average of $550.40 and a two-hundred day simple moving average of $509.43. The company has a market capitalization of $203.69 billion, a price-to-earnings ratio of 89.22, a PEG ratio of 5.51 and a beta of 1.39.

Insider Activity

In other news, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares of the company’s stock, valued at $6,955,015. This represents a 27.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jamie Samath sold 94 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the sale, the chief financial officer now owns 2,630 shares in the company, valued at $1,502,019.30. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,843 shares of company stock valued at $15,357,560 in the last three months. Company insiders own 0.80% of the company’s stock.

Intuitive Surgical Company 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.