Biondo Investment Advisors LLC Sells 4,523 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Biondo Investment Advisors LLC decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 126,215 shares of the medical equipment provider's stock after selling 4,523 shares during the period. Intuitive Surgical comprises 9.1% of Biondo Investment Advisors LLC's investment portfolio, making the stock its biggest position. Biondo Investment Advisors LLC's holdings in Intuitive Surgical were worth $65,879,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Howard Capital Management Group LLC grew its stake in Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider's stock valued at $1,044,000 after acquiring an additional 92 shares during the period. Principal Financial Group Inc. grew its position in shares of Intuitive Surgical by 1.5% in the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider's stock valued at $295,938,000 after purchasing an additional 9,194 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Intuitive Surgical during the third quarter worth about $559,000. Townsquare Capital LLC raised its position in shares of Intuitive Surgical by 41.4% during the 3rd quarter. Townsquare Capital LLC now owns 11,071 shares of the medical equipment provider's stock worth $5,439,000 after purchasing an additional 3,239 shares during the last quarter. Finally, CreativeOne Wealth LLC lifted its stake in Intuitive Surgical by 16.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 2,655 shares of the medical equipment provider's stock valued at $1,304,000 after buying an additional 372 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

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Wall Street Analyst Weigh In

ISRG has been the subject of a number of research analyst reports. CICC Research initiated coverage on Intuitive Surgical in a report on Monday, January 27th. They set a "neutral" rating and a $550.00 target price for the company. Truist Financial reduced their price objective on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating for the company in a research note on Monday, March 17th. JPMorgan Chase & Co. raised their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group upped their target price on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a "neutral" rating in a report on Monday, January 27th. Finally, Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and a consensus price target of $611.86.

Insider Activity at Intuitive Surgical

In related news, Director Amal M. Johnson sold 4,635 shares of the company'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 sale, the director now directly owns 12,275 shares of the company's stock, valued at $6,955,015. This represents a 27.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 5,224 shares of the company's stock, valued at $2,607,925.28. This represents a 68.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Up 0.2 %

Shares of ISRG traded up $1.09 during trading on Tuesday, reaching $496.36. 1,607,665 shares of the company traded hands, compared to its average volume of 1,530,400. The stock has a 50-day simple moving average of $554.33 and a 200-day simple moving average of $532.98. The stock has a market cap of $176.79 billion, a PE ratio of 77.44, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00.

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.