Avior Wealth Management LLC Trims Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Avior Wealth Management LLC trimmed its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,700 shares of the medical equipment provider’s stock after selling 69 shares during the period. Avior Wealth Management LLC’s holdings in Intuitive Surgical were worth $887,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Raleigh Capital Management Inc. grew its stake in Intuitive Surgical by 8.2% during the fourth quarter. Raleigh Capital Management Inc. now owns 318 shares of the medical equipment provider’s stock valued at $166,000 after acquiring an additional 24 shares in the last quarter. True North Advisors LLC lifted its position in Intuitive Surgical by 41.6% during the fourth quarter. True North Advisors LLC now owns 1,744 shares of the medical equipment provider’s stock valued at $910,000 after purchasing an additional 512 shares during the last quarter. Traynor Capital Management Inc. lifted its position in Intuitive Surgical by 13.1% during the fourth quarter. Traynor Capital Management Inc. now owns 41,134 shares of the medical equipment provider’s stock valued at $21,470,000 after purchasing an additional 4,771 shares during the last quarter. Wesbanco Bank Inc. lifted its position in Intuitive Surgical by 1.6% during the fourth quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider’s stock valued at $635,000 after purchasing an additional 19 shares during the last quarter. Finally, Hudson Capital Management LLC bought a new position in Intuitive Surgical during the fourth quarter valued at $209,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Leerink Partners increased their price objective on shares of Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird raised their target price on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Raymond James raised their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $583.83.

Intuitive Surgical Stock Down 4.0 %

NASDAQ ISRG opened at $584.05 on Friday. The firm has a market cap of $208.03 billion, a PE ratio of 93.90, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The company has a 50 day moving average price of $546.03 and a 200 day moving average price of $503.38. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 270 shares of the company’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 transaction of $145,840.50. Following the transaction, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,730,093.55. This represents a 2.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total transaction of $95,225.76. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,475 shares of company stock worth $22,070,807. 0.90% of the stock is owned by corporate insiders.

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.