Sigma Investment Counselors Inc. Has $9.57 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Sigma Investment Counselors Inc. cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,331 shares of the medical equipment provider’s stock after selling 685 shares during the quarter. Sigma Investment Counselors Inc.’s holdings in Intuitive Surgical were worth $9,568,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ISRG. Berbice Capital Management LLC acquired a new position in Intuitive Surgical in the fourth quarter valued at approximately $26,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical during the third quarter worth approximately $33,000. Decker Retirement Planning Inc. acquired a new position in shares of Intuitive Surgical during the fourth quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new position in shares of Intuitive Surgical during the third quarter worth approximately $38,000. Finally, DT Investment Partners LLC raised its position in shares of Intuitive Surgical by 80.0% during the third quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock worth $40,000 after purchasing an additional 36 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ISRG. JPMorgan Chase & Co. upped their target price on Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Wells Fargo & Company upped their target price on Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Jefferies Financial Group upped their target price on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Citigroup upped their target price on Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Raymond James upped their price target on Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Stock Performance

ISRG stock opened at $591.79 on Friday. The company has a market capitalization of $210.78 billion, a price-to-earnings ratio of 92.32, a PEG ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The stock has a fifty day moving average of $565.45 and a 200-day moving average of $525.06.

Insider Transactions at Intuitive Surgical

In related news, CFO Jamie Samath sold 94 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total transaction of $53,684.34. Following the sale, the chief financial officer now owns 2,630 shares of the company’s stock, valued at approximately $1,502,019.30. This represents a 3.45 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 408 shares of the stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total value of $240,618.00. Following the sale, the executive vice president now directly owns 353 shares in the company, valued at $208,181.75. This trade represents a 53.61 % 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 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.