Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC cut its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 767 shares of the medical equipment provider’s stock after selling 365 shares during the period. GPS Wealth Strategies Group LLC’s holdings in Intuitive Surgical were worth $400,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Czech National Bank increased its holdings in shares of Intuitive Surgical by 6.9% during the 3rd quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider’s stock worth $35,498,000 after buying an additional 4,665 shares during the last quarter. HBW Advisory Services LLC acquired a new stake in Intuitive Surgical during the third quarter worth about $235,000. GAMMA Investing LLC raised its holdings in shares of Intuitive Surgical by 31.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,090 shares of the medical equipment provider’s stock worth $2,501,000 after purchasing an additional 1,211 shares during the period. Consilio Wealth Advisors LLC acquired a new position in shares of Intuitive Surgical in the 3rd quarter valued at about $218,000. Finally, Miracle Mile Advisors LLC grew its holdings in shares of Intuitive Surgical by 7.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,805 shares of the medical equipment provider’s stock worth $887,000 after purchasing an additional 129 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 376 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This represents a 6.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jamie Samath sold 94 shares of the firm’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 transaction, the chief financial officer now owns 2,630 shares in the company, valued at $1,502,019.30. This represents a 3.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,843 shares of company stock worth $15,357,560 in the last three months. 0.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on ISRG shares. Royal Bank of Canada raised their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. The Goldman Sachs Group set a $604.00 target price on shares of Intuitive Surgical in a report on Friday, October 18th. Jefferies Financial Group increased their price target on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Barclays boosted their price objective on Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Finally, Robert W. Baird increased their target price on Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Down 1.4 %

Shares of NASDAQ:ISRG opened at $571.88 on Monday. The firm’s 50 day moving average is $550.40 and its two-hundred day moving average is $509.43. The firm has a market capitalization of $203.69 billion, a P/E ratio of 89.22, a PEG ratio of 5.51 and a beta of 1.39. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

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.