Intuitive Surgical, Inc. (NASDAQ:ISRG) Stake Decreased by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,279 shares of the medical equipment provider’s stock after selling 1,176 shares during the period. Intuitive Surgical accounts for about 3.9% of Valicenti Advisory Services Inc.’s investment portfolio, making the stock its 5th largest position. Valicenti Advisory Services Inc.’s holdings in Intuitive Surgical were worth $15,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of ISRG. Brookstone Capital Management raised its holdings in Intuitive Surgical by 17.2% in the first quarter. Brookstone Capital Management now owns 10,241 shares of the medical equipment provider’s stock valued at $4,087,000 after buying an additional 1,505 shares during the period. Thrive Wealth Management LLC raised its holdings in Intuitive Surgical by 19.6% in the first quarter. Thrive Wealth Management LLC now owns 897 shares of the medical equipment provider’s stock valued at $358,000 after buying an additional 147 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in Intuitive Surgical by 44.8% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,199 shares of the medical equipment provider’s stock valued at $479,000 after buying an additional 371 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $97,000. Finally, KRS Capital Management LLC raised its stake in shares of Intuitive Surgical by 19.8% during the first quarter. KRS Capital Management LLC now owns 1,240 shares of the medical equipment provider’s stock valued at $495,000 after purchasing an additional 205 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 0.2 %

Shares of NASDAQ:ISRG opened at $511.63 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $523.34. The firm has a 50-day simple moving average of $486.71 and a 200 day simple moving average of $440.96. The company has a market cap of $181.48 billion, a PE ratio of 92.35, a P/E/G ratio of 5.40 and a beta of 1.39.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ISRG. Barclays lifted their price objective on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an “overweight” rating in a research note on Thursday, July 18th. Royal Bank of Canada lifted their price objective on shares of Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Stifel Nicolaus lifted their price objective on shares of Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Piper Sandler reissued an “overweight” rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average price target of $513.74.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $482.21, for a total transaction of $90,655.48. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,655,048.26. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $482.21, for a total transaction of $90,655.48. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,655,048.26. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Henry L. Charlton sold 40,243 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the transaction, the senior vice president now directly owns 3,001 shares of the company’s stock, valued at $1,461,006.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,192 shares of company stock valued at $25,398,571 in the last quarter. Insiders own 0.90% of the company’s stock.

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.