Pinnacle Wealth Management Advisory Group LLC Sells 43 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Pinnacle Wealth Management Advisory Group LLC trimmed its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,481 shares of the medical equipment provider’s stock after selling 43 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Intuitive Surgical were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of ISRG. J.W. Cole Advisors Inc. increased its position in shares of Intuitive Surgical by 10.7% during the 4th quarter. J.W. Cole Advisors Inc. now owns 3,708 shares of the medical equipment provider’s stock valued at $1,935,000 after purchasing an additional 357 shares during the last quarter. Csenge Advisory Group raised its position in Intuitive Surgical by 7.6% in the fourth quarter. Csenge Advisory Group now owns 2,260 shares of the medical equipment provider’s stock worth $1,180,000 after acquiring an additional 159 shares during the period. WD Rutherford LLC boosted its stake in shares of Intuitive Surgical by 9.9% during the 4th quarter. WD Rutherford LLC now owns 8,310 shares of the medical equipment provider’s stock worth $4,337,000 after acquiring an additional 750 shares during the last quarter. Allworth Financial LP grew its position in shares of Intuitive Surgical by 35.8% during the 4th quarter. Allworth Financial LP now owns 11,364 shares of the medical equipment provider’s stock valued at $5,932,000 after acquiring an additional 2,998 shares during the period. Finally, Everhart Financial Group Inc. increased its stake in shares of Intuitive Surgical by 4.9% in the 4th quarter. Everhart Financial Group Inc. now owns 3,196 shares of the medical equipment provider’s stock worth $1,668,000 after purchasing an additional 150 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $522.00 to $650.00 in a report on Monday, December 2nd. BTIG Research increased their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Citigroup raised their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Insider Activity at Intuitive Surgical

In other news, EVP Myriam Curet sold 408 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total value of $240,618.00. Following the completion of the sale, the executive vice president now owns 353 shares in the company, valued at approximately $208,181.75. This trade represents a 53.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jamie Samath sold 108 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total transaction of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares in the company, valued at $4,746,819.42. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,348 shares of company stock valued at $3,587,582. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Up 0.7 %

ISRG stock opened at $595.55 on Monday. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The firm has a market capitalization of $212.12 billion, a P/E ratio of 92.91, a price-to-earnings-growth ratio of 5.67 and a beta of 1.39. The company has a fifty day simple moving average of $559.48 and a two-hundred day simple moving average of $519.66.

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.