Transamerica Financial Advisors Inc. Reduces Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Transamerica Financial Advisors Inc. trimmed its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,250 shares of the medical equipment provider’s stock after selling 312 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Intuitive Surgical were worth $5,872,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ISRG. Howard Capital Management Group LLC grew its holdings in shares of Intuitive Surgical by 4.5% in 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 purchasing an additional 92 shares during the last quarter. Principal Financial Group Inc. grew its stake in Intuitive Surgical by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after acquiring an additional 9,194 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Intuitive Surgical during the third quarter worth approximately $559,000. Townsquare Capital LLC raised its stake in shares of Intuitive Surgical by 41.4% during the third quarter. Townsquare Capital LLC now owns 11,071 shares of the medical equipment provider’s stock valued at $5,439,000 after acquiring an additional 3,239 shares in the last quarter. Finally, CreativeOne Wealth LLC boosted its holdings in shares of Intuitive Surgical by 16.3% in the third quarter. CreativeOne Wealth LLC now owns 2,655 shares of the medical equipment provider’s stock valued at $1,304,000 after purchasing an additional 372 shares during the period. 83.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on ISRG shares. Barclays raised their price objective on Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $522.00 to $650.00 in a report on Monday, December 2nd. Citigroup increased their target price on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Finally, Truist Financial dropped their price objective on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. One equities research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $611.86.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jamie Samath sold 94 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of 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. In the last quarter, insiders have sold 33,754 shares of company stock valued at $17,691,621. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 3.2 %

ISRG opened at $491.84 on Friday. The company has a market cap of $175.18 billion, a P/E ratio of 76.73, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. The firm’s 50-day moving average price is $556.28 and its 200-day moving average price is $532.34. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

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.