Trust Point Inc. Grows Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Trust Point Inc. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,262 shares of the medical equipment provider’s stock after buying an additional 162 shares during the period. Trust Point Inc.’s holdings in Intuitive Surgical were worth $1,181,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Alliance Wealth Advisors LLC UT purchased a new position in shares of Intuitive Surgical in the fourth quarter worth about $278,000. Optas LLC increased its holdings in Intuitive Surgical by 22.1% during the 4th quarter. Optas LLC now owns 795 shares of the medical equipment provider’s stock valued at $415,000 after purchasing an additional 144 shares during the period. Financial Life Planners purchased a new position in Intuitive Surgical during the 4th quarter valued at about $81,000. Prudent Investors Network Inc. purchased a new position in shares of Intuitive Surgical during the 4th quarter worth approximately $290,000. Finally, Catalina Capital Group LLC grew its holdings in shares of Intuitive Surgical by 1.7% during the 4th quarter. Catalina Capital Group LLC now owns 2,714 shares of the medical equipment provider’s stock worth $1,417,000 after acquiring an additional 46 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on ISRG shares. Leerink Partners upped their price objective on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Evercore ISI increased their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. The Goldman Sachs Group set a $604.00 price objective on shares of Intuitive Surgical in a report on Friday, October 18th. Finally, Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $522.00 to $650.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average target price of $613.10.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jamie Samath sold 94 shares of Intuitive Surgical stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 28,843 shares of company stock valued at $15,357,560 over the last 90 days. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $578.55 on Tuesday. The company has a market cap of $206.07 billion, a P/E ratio of 90.26, a PEG ratio of 5.51 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm has a 50-day simple moving average of $550.40 and a two-hundred day simple moving average of $510.02.

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.