Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,267 shares of the medical equipment provider’s stock after selling 643 shares during the quarter. Private Advisor Group LLC’s holdings in Intuitive Surgical were worth $7,447,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ISRG. Howard Capital Management Group LLC increased its position in shares of Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after buying an additional 92 shares in the last quarter. Foundations Investment Advisors LLC increased its position in shares of Intuitive Surgical by 8.5% in the third quarter. Foundations Investment Advisors LLC now owns 590 shares of the medical equipment provider’s stock valued at $290,000 after buying an additional 46 shares in the last quarter. McAdam LLC purchased a new position in shares of Intuitive Surgical in the third quarter valued at $225,000. International Assets Investment Management LLC increased its position in shares of Intuitive Surgical by 49,383.6% in the third quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock valued at $535,788,000 after buying an additional 1,088,415 shares in the last quarter. Finally, Mcdaniel Terry & Co. increased its position in shares of Intuitive Surgical by 0.7% in the third quarter. Mcdaniel Terry & Co. now owns 70,165 shares of the medical equipment provider’s stock valued at $34,470,000 after buying an additional 459 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

ISRG has been the subject of a number of research analyst reports. Leerink Partners raised their price target on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. BTIG Research raised their price target on Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price target on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Bernstein Bank lifted their price objective on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Finally, UBS Group lifted their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $591.79 on Friday. The firm has a market capitalization of $210.78 billion, a P/E ratio of 92.32, a P/E/G ratio of 5.87 and a beta of 1.39. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The business’s 50-day simple moving average is $565.45 and its 200-day simple moving average is $524.52.

Insider Activity

In other news, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,967,734. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jamie Samath sold 94 shares of Intuitive Surgical stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of the transaction, the chief financial officer now directly owns 2,630 shares in the company, valued at $1,502,019.30. This represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,348 shares of company stock valued at $3,587,582 in the last three months. Corporate insiders own 0.90% 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.