Schrum Private Wealth Management LLC Has $1.13 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Schrum Private Wealth Management LLC lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 20.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,169 shares of the medical equipment provider’s stock after selling 569 shares during the quarter. Schrum Private Wealth Management LLC’s holdings in Intuitive Surgical were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vestmark Advisory Solutions Inc. raised its position in Intuitive Surgical by 0.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 8,794 shares of the medical equipment provider’s stock valued at $4,590,000 after purchasing an additional 29 shares in the last quarter. Freestone Capital Holdings LLC lifted its position in shares of Intuitive Surgical by 1.0% during the 4th quarter. Freestone Capital Holdings LLC now owns 7,535 shares of the medical equipment provider’s stock worth $3,933,000 after buying an additional 72 shares during the last quarter. Lindbrook Capital LLC boosted its stake in Intuitive Surgical by 2.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,377 shares of the medical equipment provider’s stock valued at $719,000 after buying an additional 32 shares in the last quarter. Inceptionr LLC acquired a new position in Intuitive Surgical during the fourth quarter worth about $567,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Intuitive Surgical during the 4th quarter valued at $313,769,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity

In other Intuitive Surgical news, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares of the company’s stock, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jamie Samath sold 94 shares of Intuitive Surgical stock in a transaction on 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 directly owns 2,630 shares of the company’s stock, valued at $1,502,019.30. This represents a 3.45 % 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 worth $7,223,467 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BTIG Research boosted their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. Evercore ISI lifted their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Leerink Partners increased their price objective on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Finally, CICC Research assumed coverage on Intuitive Surgical in a report on Monday, January 27th. They set a “neutral” rating and a $550.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $613.10.

Intuitive Surgical Stock Up 1.8 %

ISRG stock opened at $568.02 on Thursday. The business has a 50 day moving average of $571.70 and a 200-day moving average of $530.90. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The firm has a market cap of $202.32 billion, a PE ratio of 88.61, a P/E/G ratio of 5.85 and a beta of 1.43.

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.