Creative Financial Designs Inc. ADV Sells 196 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Creative Financial Designs Inc. ADV lessened its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 28.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 494 shares of the medical equipment provider’s stock after selling 196 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Intuitive Surgical were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ISRG. Massachusetts Financial Services Co. MA bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth approximately $558,807,000. Proficio Capital Partners LLC lifted its holdings in shares of Intuitive Surgical by 89,098.8% during the 4th quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock worth $495,845,000 after acquiring an additional 948,902 shares during the period. FMR LLC lifted its holdings in shares of Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after acquiring an additional 838,793 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $313,769,000. Finally, Wilmington Savings Fund Society FSB lifted its holdings in shares of Intuitive Surgical by 15,322.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after acquiring an additional 552,058 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 1.7 %

ISRG opened at $492.06 on Thursday. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The company has a fifty day moving average of $564.39 and a 200-day moving average of $531.62. The stock has a market cap of $175.26 billion, a PE ratio of 76.76, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ISRG shares. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research note on Friday, January 24th. Jefferies Financial Group increased their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Citigroup increased their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Royal Bank of Canada increased their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 94 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the completion of the sale, the executive vice president now owns 5,224 shares of the company’s stock, valued at $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 over the last three months. 0.90% of the stock is owned by company insiders.

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.