Marks Group Wealth Management Inc Reduces Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Marks Group Wealth Management Inc trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,109 shares of the medical equipment provider’s stock after selling 82 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Intuitive Surgical were worth $5,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Avidian Wealth Enterprises LLC increased its stake in shares of Intuitive Surgical by 37.3% in the 4th quarter. Avidian Wealth Enterprises LLC now owns 901 shares of the medical equipment provider’s stock worth $470,000 after purchasing an additional 245 shares in the last quarter. Great Lakes Retirement Inc. grew its holdings in Intuitive Surgical by 1.6% during the fourth quarter. Great Lakes Retirement Inc. now owns 3,215 shares of the medical equipment provider’s stock valued at $1,678,000 after purchasing an additional 50 shares during the period. Capital Advisors Inc. OK increased its position in Intuitive Surgical by 1.5% in the fourth quarter. Capital Advisors Inc. OK now owns 129,751 shares of the medical equipment provider’s stock worth $67,725,000 after buying an additional 1,858 shares in the last quarter. Certuity LLC raised its stake in shares of Intuitive Surgical by 45.3% in the fourth quarter. Certuity LLC now owns 1,932 shares of the medical equipment provider’s stock worth $1,008,000 after buying an additional 602 shares during the period. Finally, Leavell Investment Management Inc. lifted its position in shares of Intuitive Surgical by 0.7% during the 4th quarter. Leavell Investment Management Inc. now owns 3,556 shares of the medical equipment provider’s stock valued at $1,856,000 after buying an additional 25 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ISRG shares. CICC Research initiated coverage on shares of Intuitive Surgical in a research note on Monday, January 27th. They set a “neutral” rating and a $550.00 target price on the stock. Wells Fargo & Company raised their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Jefferies Financial Group upped their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Citigroup raised their price target on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada upped their price objective on Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $613.10.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 408 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total value of $240,618.00. Following the transaction, the executive vice president now owns 353 shares of the company’s stock, valued at $208,181.75. This represents a 53.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction on Friday, November 29th. The stock was 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 owns 5,506 shares in the company, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,348 shares of company stock worth $3,587,582. 0.90% of the stock is currently owned by company insiders.

Intuitive Surgical Trading Down 0.7 %

Shares of NASDAQ:ISRG opened at $591.65 on Wednesday. The company has a 50-day moving average price of $555.91 and a 200 day moving average price of $515.92. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The company has a market cap of $210.73 billion, a price-to-earnings ratio of 92.30, a PEG ratio of 5.67 and a beta of 1.39.

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.