Oak Asset Management LLC Sells 75 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Oak Asset Management LLC lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,910 shares of the medical equipment provider’s stock after selling 75 shares during the quarter. Intuitive Surgical accounts for approximately 1.5% of Oak Asset Management LLC’s holdings, making the stock its 17th biggest holding. Oak Asset Management LLC’s holdings in Intuitive Surgical were worth $4,129,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. MRA Advisory Group boosted its stake in Intuitive Surgical by 6.2% in the 4th quarter. MRA Advisory Group now owns 1,018 shares of the medical equipment provider’s stock valued at $531,000 after buying an additional 59 shares in the last quarter. Signal Advisors Wealth LLC lifted its holdings in shares of Intuitive Surgical by 12.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 1,594 shares of the medical equipment provider’s stock valued at $832,000 after acquiring an additional 173 shares during the period. Traveka Wealth LLC lifted its holdings in shares of Intuitive Surgical by 3.5% during the fourth quarter. Traveka Wealth LLC now owns 733 shares of the medical equipment provider’s stock valued at $382,000 after acquiring an additional 25 shares during the period. Marion Wealth Management acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at $201,000. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Intuitive Surgical by 7.9% in the 4th quarter. Miracle Mile Advisors LLC now owns 1,948 shares of the medical equipment provider’s stock worth $1,017,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $539.75 on Tuesday. The stock has a market cap of $192.25 billion, a PE ratio of 86.78, a price-to-earnings-growth ratio of 5.31 and a beta of 1.39. The stock has a 50-day moving average of $536.58 and a 200-day moving average of $495.83. Intuitive Surgical, Inc. has a one year low of $355.17 and a one year high of $556.23.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, beating the consensus estimate of $1.24 by $0.32. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. As a group, research analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of recent analyst reports. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group set a $604.00 target price on shares of Intuitive Surgical in a research note on Friday, October 18th. JPMorgan Chase & Co. increased their price target on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Raymond James lifted their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Mizuho increased their target price on 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, four have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus target price of $554.17.

Insider Buying and Selling

In related news, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total value of $95,225.76. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,788,899.12. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jamie Samath sold 108 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total value of $58,542.48. Following the transaction, the chief financial officer now owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 48,190 shares of company stock valued at $25,012,927. 0.90% of the stock is owned by company 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.