Stock Yards Bank & Trust Co. Reduces Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Stock Yards Bank & Trust Co. lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,770 shares of the medical equipment provider’s stock after selling 30 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Intuitive Surgical were worth $1,446,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Czech National Bank grew its stake in shares of Intuitive Surgical by 6.9% during the third quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider’s stock valued at $35,498,000 after acquiring an additional 4,665 shares in the last quarter. GAMMA Investing LLC grew its stake in Intuitive Surgical by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,090 shares of the medical equipment provider’s stock valued at $2,501,000 after purchasing an additional 1,211 shares in the last quarter. Consilio Wealth Advisors LLC purchased a new stake in Intuitive Surgical during the 3rd quarter worth approximately $218,000. Miracle Mile Advisors LLC raised its position in shares of Intuitive Surgical by 7.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,805 shares of the medical equipment provider’s stock valued at $887,000 after purchasing an additional 129 shares in the last quarter. Finally, Fulton Bank N.A. boosted its stake in shares of Intuitive Surgical by 7.4% during the 3rd quarter. Fulton Bank N.A. now owns 3,070 shares of the medical equipment provider’s stock valued at $1,508,000 after buying an additional 211 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Truist Financial upped their target price on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Mizuho boosted their price objective on Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. Piper Sandler reaffirmed an “overweight” rating and set a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Finally, Bernstein Bank boosted their price target on 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 issued a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Trading Up 1.2 %

Intuitive Surgical stock opened at $578.55 on Tuesday. The company’s 50-day moving average price is $550.40 and its two-hundred day moving average price is $510.02. The stock has a market cap of $206.07 billion, a price-to-earnings ratio of 90.26, 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.

Insider Activity at Intuitive Surgical

In related news, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jamie Samath sold 22,903 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the transaction, the insider now owns 8,757 shares in the company, valued at approximately $4,597,425. This trade represents a 72.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,843 shares of company stock worth $15,357,560 over the last quarter. 0.90% of the stock is currently owned by company insiders.

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.