Bay Colony Advisory Group Inc d b a Bay Colony Advisors Sells 24 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.3% in the 4th quarter, Holdings Channel reports. The institutional investor owned 430 shares of the medical equipment provider’s stock after selling 24 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Intuitive Surgical were worth $224,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $28,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $31,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Intuitive Surgical in the third quarter valued at about $33,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $36,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 3,031 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 353 shares of the company’s stock, valued at $203,786.90. This trade represents a 89.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,579 shares of company stock valued at $7,756,844 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on ISRG shares. Wells Fargo & Company raised their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Truist Financial raised their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Evercore ISI raised their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Raymond James raised their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $518.26 on Friday. The firm has a market cap of $184.59 billion, a P/E ratio of 80.85, a P/E/G ratio of 5.85 and a beta of 1.43. The firm has a 50 day simple moving average of $571.36 and a 200 day simple moving average of $531.53. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00.

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.