Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Sells $1,749,796.30 in Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Myriam Curet sold 3,031 shares of Intuitive Surgical stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $577.30, for a total value of $1,749,796.30. Following the transaction, the executive vice president now directly owns 353 shares in the company, valued at approximately $203,786.90. The trade was a 89.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Myriam Curet also recently made the following trade(s):

• On Thursday, February 27th, Myriam Curet sold 2,401 shares of Intuitive Surgical stock. The stock was sold at an average price of $581.00, for a total transaction of $1,394,981.00.
• On Tuesday, February 11th, Myriam Curet sold 408 shares of Intuitive Surgical stock. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00.

Intuitive Surgical Trading Down 1.6 %

ISRG opened at $557.96 on Wednesday. The stock has a 50-day moving average of $571.08 and a 200 day moving average of $530.63. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The firm has a market cap of $198.73 billion, a P/E ratio of 87.05, a P/E/G ratio of 5.85 and a beta of 1.39.

Analyst Ratings Changes

A number of research firms recently weighed in on ISRG. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. JPMorgan Chase & Co. upped their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Morgan Stanley raised Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Bernstein Bank upped their price target on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $670.00 price objective (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Hedge Funds Weigh In On Intuitive Surgical

Institutional investors and hedge funds have recently modified their holdings of the stock. Howard Capital Management Group LLC boosted its stake in Intuitive Surgical by 4.5% during the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after buying an additional 92 shares during the period. Focus Financial Network Inc. boosted its stake in shares of Intuitive Surgical by 14.4% during the 3rd quarter. Focus Financial Network Inc. now owns 1,273 shares of the medical equipment provider’s stock worth $626,000 after purchasing an additional 160 shares during the period. Farther Finance Advisors LLC grew its holdings in Intuitive Surgical by 35.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,900 shares of the medical equipment provider’s stock valued at $1,425,000 after purchasing an additional 754 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in Intuitive Surgical by 1.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,461 shares of the medical equipment provider’s stock worth $1,261,000 after purchasing an additional 33 shares during the period. Finally, Clear Creek Financial Management LLC lifted its stake in Intuitive Surgical by 4.4% in the third quarter. Clear Creek Financial Management LLC now owns 1,551 shares of the medical equipment provider’s stock worth $762,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

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.