Beacon Investment Advisory Services Inc. Sells 1,290 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Beacon Investment Advisory Services Inc. lowered its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,953 shares of the medical equipment provider’s stock after selling 1,290 shares during the quarter. Intuitive Surgical comprises about 1.6% of Beacon Investment Advisory Services Inc.’s investment portfolio, making the stock its 16th biggest position. Beacon Investment Advisory Services Inc.’s holdings in Intuitive Surgical were worth $36,513,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Godsey & Gibb Inc. grew its holdings in Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 35 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $33,000. Decker Retirement Planning Inc. bought a new position in Intuitive Surgical in the 4th quarter worth $36,000. Capital Performance Advisors LLP acquired a new position in Intuitive Surgical during the 3rd quarter worth $38,000. Finally, DT Investment Partners LLC boosted its holdings in Intuitive Surgical by 80.0% during the third quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock valued at $40,000 after acquiring an additional 36 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In related news, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the sale, the chief executive officer now directly owns 24,219 shares in the company, valued at $12,391,166.97. This represents a 42.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction on Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the completion of the transaction, the insider now owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. The trade was a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,487 shares of company stock worth $22,590,975 over the last three months. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

ISRG has been the subject of several research analyst reports. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Wells Fargo & Company upped their price target on Intuitive Surgical from $549.00 to $630.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Raymond James upped their target price on shares of Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $554.17.

Intuitive Surgical Trading Up 1.0 %

Shares of ISRG opened at $610.45 on Thursday. The stock has a market cap of $217.43 billion, a PE ratio of 98.14, a PEG ratio of 5.13 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $362.14 and a 1 year high of $614.72. The stock has a 50 day simple moving average of $544.61 and a 200-day simple moving average of $502.64.

Intuitive Surgical 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.