Wisconsin Capital Management LLC Decreases Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Wisconsin Capital Management LLC lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,616 shares of the medical equipment provider’s stock after selling 109 shares during the quarter. Intuitive Surgical accounts for approximately 2.8% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 13th biggest holding. Wisconsin Capital Management LLC’s holdings in Intuitive Surgical were worth $5,019,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Atala Financial Inc bought a new position in Intuitive Surgical during the fourth quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Intuitive Surgical in the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new position in shares of Intuitive Surgical during the 4th quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in Intuitive Surgical in the fourth quarter valued at approximately $31,000. 83.64% of the stock is owned by institutional investors.

Insider Transactions at Intuitive Surgical

In related news, VP Fredrik Widman sold 810 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $573.78, for a total value of $464,761.80. Following the completion of the sale, the vice president now owns 473 shares in the company, valued at $271,397.94. The trade was a 63.13 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the transaction, the executive vice president now owns 5,224 shares in the company, valued at $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of recent research reports. Robert W. Baird decreased their target price on Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating for the company in a research report on Tuesday, March 18th. UBS Group boosted their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Truist Financial cut their target price on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Barclays boosted their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a research report on Monday, January 27th. Finally, Leerink Partners raised their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $611.86.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $496.36 on Wednesday. The firm has a fifty day moving average of $552.17 and a 200 day moving average of $533.02. 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 $176.79 billion, a PE ratio of 77.44, a price-to-earnings-growth 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.