Inspire Investing LLC Sells 227 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Inspire Investing LLC cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,491 shares of the medical equipment provider’s stock after selling 227 shares during the quarter. Intuitive Surgical makes up 1.9% of Inspire Investing LLC’s holdings, making the stock its 2nd biggest holding. Inspire Investing LLC’s holdings in Intuitive Surgical were worth $16,959,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ISRG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Intuitive Surgical during the third quarter valued at about $558,807,000. International Assets Investment Management LLC boosted its stake in shares of Intuitive Surgical by 49,383.6% during the third quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock valued at $535,788,000 after purchasing an additional 1,088,415 shares in the last quarter. FMR LLC boosted its stake in shares of Intuitive Surgical by 8.3% during the third quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock valued at $5,389,765,000 after purchasing an additional 838,793 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of Intuitive Surgical by 15,322.2% during the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after acquiring an additional 552,058 shares during the last quarter. Finally, State Street Corp raised its position in shares of Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider’s stock worth $7,393,673,000 after acquiring an additional 210,363 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on ISRG shares. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Wells Fargo & Company raised their price objective on Intuitive Surgical from $549.00 to $630.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group set a $604.00 price objective on Intuitive Surgical in a research report on Friday, October 18th. Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, Royal Bank of Canada raised their price objective on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $554.17.

Intuitive Surgical Trading Up 1.0 %

Shares of Intuitive Surgical stock opened at $610.45 on Thursday. The stock has a fifty day simple moving average of $544.61 and a 200 day simple moving average of $502.64. Intuitive Surgical, Inc. has a 12-month low of $362.14 and a 12-month high of $614.72. The company has a market capitalization of $217.43 billion, a P/E ratio of 98.14, a price-to-earnings-growth ratio of 5.13 and a beta of 1.39.

Insider Buying and Selling

In other news, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the completion of the transaction, the chief executive officer now owns 24,219 shares in the company, valued at approximately $12,391,166.97. This represents a 42.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 1,012 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $514.00, for a total value of $520,168.00. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,830,084. The trade was a 15.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,487 shares of company stock worth $22,590,975. 0.90% of the stock is owned by corporate insiders.

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.