FFT Wealth Management LLC Sells 422 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

FFT Wealth Management LLC lowered its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 39.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 636 shares of the medical equipment provider’s stock after selling 422 shares during the quarter. FFT Wealth Management LLC’s holdings in Intuitive Surgical were worth $332,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Longbow Finance SA acquired a new stake in shares of Intuitive Surgical in the fourth quarter worth $4,431,000. Amalgamated Bank grew its position in Intuitive Surgical by 2.1% in the 4th quarter. Amalgamated Bank now owns 78,171 shares of the medical equipment provider’s stock worth $40,802,000 after purchasing an additional 1,592 shares during the last quarter. FourThought Financial Partners LLC bought a new position in shares of Intuitive Surgical during the 4th quarter worth about $1,158,000. Trifecta Capital Advisors LLC raised its position in shares of Intuitive Surgical by 6.0% during the fourth quarter. Trifecta Capital Advisors LLC now owns 11,514 shares of the medical equipment provider’s stock valued at $6,010,000 after buying an additional 655 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in shares of Intuitive Surgical during the fourth quarter valued at about $28,000. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several research reports. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. Piper Sandler restated an “overweight” rating and issued a $670.00 target price (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Royal Bank of Canada lifted their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group increased their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Insider Buying and Selling

In related news, CFO Jamie Samath sold 188 shares of the business’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 value of $101,332.00. Following the completion of the transaction, the chief financial officer now owns 8,757 shares in the company, valued at $4,720,023. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,240 shares of company stock worth $3,529,040 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $573.74 on Wednesday. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The stock has a market capitalization of $204.35 billion, a PE ratio of 89.51, a PEG ratio of 5.85 and a beta of 1.39. The stock’s fifty day moving average is $567.01 and its 200-day moving average is $527.27.

Intuitive Surgical Company 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.