Exchange Traded Concepts LLC Reduces Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Exchange Traded Concepts LLC trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,666 shares of the medical equipment provider's stock after selling 4,965 shares during the period. Exchange Traded Concepts LLC's holdings in Intuitive Surgical were worth $21,226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ISRG. Armistice Capital LLC raised its position in Intuitive Surgical by 65.7% in the second quarter. Armistice Capital LLC now owns 71,227 shares of the medical equipment provider's stock worth $31,685,000 after acquiring an additional 28,250 shares during the period. AQR Capital Management LLC raised its holdings in shares of Intuitive Surgical by 12.6% in the 2nd quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider's stock worth $18,958,000 after purchasing an additional 4,775 shares during the period. APG Asset Management N.V. lifted its stake in Intuitive Surgical by 3.4% in the second quarter. APG Asset Management N.V. now owns 234,279 shares of the medical equipment provider's stock valued at $97,242,000 after purchasing an additional 7,648 shares during the last quarter. DE Burlo Group Inc. purchased a new position in Intuitive Surgical in the second quarter valued at approximately $4,982,000. Finally, Daymark Wealth Partners LLC increased its position in Intuitive Surgical by 3.6% in the second quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider's stock worth $3,115,000 after buying an additional 246 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analysts Set New Price Targets

ISRG has been the subject of several research reports. Stifel Nicolaus increased their price target on Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Royal Bank of Canada lifted their target price on shares of Intuitive Surgical from $525.00 to $555.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Leerink Partners upped their price target on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Mizuho lifted their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Finally, Oppenheimer restated a "market perform" rating on shares of Intuitive Surgical in a research report on Friday, October 18th. One 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 company has an average rating of "Moderate Buy" and a consensus price target of $583.83.

Intuitive Surgical Price Performance

ISRG stock traded down $24.61 during midday trading on Friday, reaching $584.05. The company had a trading volume of 4,350,539 shares, compared to its average volume of 1,997,346. The firm has a 50-day moving average price of $546.03 and a 200-day moving average price of $503.38. The company has a market capitalization of $208.03 billion, a P/E ratio of 93.90, a P/E/G ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00.

Insider Buying and Selling

In related news, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the transaction, the chief executive officer now owns 24,219 shares of the company's stock, valued at approximately $12,391,166.97. This trade represents a 42.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Desantis sold 188 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total transaction of $95,225.76. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company's stock, valued at $2,788,899.12. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,475 shares of company stock worth $22,070,807. Corporate insiders own 0.90% of the company's stock.

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.