Elite Wealth Management Inc. Has $12.06 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Elite Wealth Management Inc. lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,104 shares of the medical equipment provider's stock after selling 831 shares during the quarter. Intuitive Surgical accounts for approximately 1.5% of Elite Wealth Management Inc.'s investment portfolio, making the stock its 9th biggest position. Elite Wealth Management Inc.'s holdings in Intuitive Surgical were worth $12,059,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bennett Selby Investments LP grew its position in Intuitive Surgical by 3.9% in the fourth quarter. Bennett Selby Investments LP now owns 449 shares of the medical equipment provider's stock valued at $234,000 after acquiring an additional 17 shares during the last quarter. LVW Advisors LLC boosted its stake in shares of Intuitive Surgical by 1.3% in the 4th quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider's stock valued at $756,000 after purchasing an additional 19 shares in the last quarter. Wesbanco Bank Inc. grew its holdings in shares of Intuitive Surgical by 1.6% during the 4th quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider's stock valued at $635,000 after purchasing an additional 19 shares during the last quarter. FSM Wealth Advisors LLC increased its position in Intuitive Surgical by 3.7% during the 4th quarter. FSM Wealth Advisors LLC now owns 526 shares of the medical equipment provider's stock worth $275,000 after purchasing an additional 19 shares in the last quarter. Finally, Journey Strategic Wealth LLC lifted its stake in Intuitive Surgical by 1.9% in the 4th quarter. Journey Strategic Wealth LLC now owns 1,039 shares of the medical equipment provider's stock valued at $542,000 after purchasing an additional 19 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock traded down $20.73 on Tuesday, hitting $570.28. 1,611,877 shares of the company's stock traded hands, compared to its average volume of 1,711,448. The company has a fifty day moving average of $566.43 and a two-hundred day moving average of $526.49. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The company has a market capitalization of $203.12 billion, a price-to-earnings ratio of 88.97, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 376 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company's stock, valued at $2,967,734. The trade was a 6.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jamie Samath sold 188 shares of the company's stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $101,332.00. Following the transaction, the chief financial officer now directly owns 8,757 shares in the company, valued at approximately $4,720,023. This trade represents a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,240 shares of company stock valued at $3,529,040. 0.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ISRG shares. Erste Group Bank raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. BTIG Research boosted their price objective on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Royal Bank of Canada lifted their price target on Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus price target of $613.10.

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.