Souders Financial Advisors Decreases Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Souders Financial Advisors cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 15.8% in the 4th quarter, HoldingsChannel reports. The fund owned 2,724 shares of the medical equipment provider’s stock after selling 512 shares during the quarter. Souders Financial Advisors’ holdings in Intuitive Surgical were worth $1,422,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of ISRG. Howard Capital Management Group LLC raised its holdings in Intuitive Surgical by 4.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock valued at $1,044,000 after buying an additional 92 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Intuitive Surgical by 11.9% during the third quarter. Van ECK Associates Corp now owns 69,623 shares of the medical equipment provider’s stock valued at $35,687,000 after acquiring an additional 7,430 shares during the last quarter. Forum Financial Management LP boosted its holdings in shares of Intuitive Surgical by 1.8% during the third quarter. Forum Financial Management LP now owns 1,966 shares of the medical equipment provider’s stock worth $966,000 after purchasing an additional 35 shares during the period. Kanawha Capital Management LLC grew its stake in shares of Intuitive Surgical by 13.1% in the third quarter. Kanawha Capital Management LLC now owns 519 shares of the medical equipment provider’s stock worth $255,000 after purchasing an additional 60 shares during the last quarter. Finally, PDS Planning Inc increased its holdings in Intuitive Surgical by 3.3% during the 3rd quarter. PDS Planning Inc now owns 1,334 shares of the medical equipment provider’s stock valued at $655,000 after purchasing an additional 43 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jamie Samath sold 270 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total value of $145,840.50. Following the sale, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,730,093.55. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Myriam Curet sold 408 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the sale, the executive vice president now owns 353 shares of the company’s stock, valued at approximately $208,181.75. This represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,598 shares of company stock valued at $7,223,467 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ISRG. CICC Research began coverage on Intuitive Surgical in a research report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price objective on the stock. Piper Sandler reiterated an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Barclays upped their price objective on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Stifel Nicolaus boosted their price target on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Jefferies Financial Group raised their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Down 1.6 %

Shares of ISRG opened at $557.96 on Wednesday. The company has a market cap of $198.73 billion, a price-to-earnings ratio of 87.05, a P/E/G ratio of 5.85 and a beta of 1.39. The business’s fifty day simple moving average is $571.08 and its two-hundred day simple moving average is $530.63. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00.

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.