Nvwm LLC Lowers Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Nvwm LLC cut its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.8% in the 4th quarter, Holdings Channel reports. The fund owned 2,351 shares of the medical equipment provider’s stock after selling 19 shares during the quarter. Nvwm LLC’s holdings in Intuitive Surgical were worth $1,227,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Czech National Bank boosted its position in Intuitive Surgical by 6.9% during the 3rd quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider’s stock valued at $35,498,000 after buying an additional 4,665 shares during the period. Miracle Mile Advisors LLC raised its holdings in Intuitive Surgical by 7.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 1,805 shares of the medical equipment provider’s stock worth $887,000 after purchasing an additional 129 shares in the last quarter. Fulton Bank N.A. raised its stake in Intuitive Surgical by 7.4% in the third quarter. Fulton Bank N.A. now owns 3,070 shares of the medical equipment provider’s stock worth $1,508,000 after buying an additional 211 shares in the last quarter. Versant Capital Management Inc boosted its position in Intuitive Surgical by 34.0% during the 3rd quarter. Versant Capital Management Inc now owns 540 shares of the medical equipment provider’s stock valued at $265,000 after acquiring an additional 137 shares in the last quarter. Finally, Alpha Cubed Investments LLC grew its holdings in shares of Intuitive Surgical by 4.9% during the 3rd quarter. Alpha Cubed Investments LLC now owns 99,795 shares of the medical equipment provider’s stock worth $49,026,000 after acquiring an additional 4,657 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $579.65 on Wednesday. The business’s 50 day moving average price is $551.99 and its 200-day moving average price is $512.04. The company has a market cap of $206.46 billion, a price-to-earnings ratio of 90.43, a PEG ratio of 5.51 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ISRG shares. BTIG Research upped their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Finally, Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $613.10.

Insider Buying and Selling

In related news, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,967,734. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jamie Samath sold 94 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were 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 in the company, valued at $1,502,019.30. This trade represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 28,843 shares of company stock valued at $15,357,560 in the last 90 days. Company insiders own 0.80% of the company’s stock.

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.