Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC reduced its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,695 shares of the medical equipment provider's stock after selling 2,732 shares during the period. United Capital Financial Advisors LLC's holdings in Intuitive Surgical were worth $41,598,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc bought a new position in shares of Intuitive Surgical during the 4th quarter worth $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical in the fourth quarter worth about $26,000. BankPlus Trust Department bought a new position in Intuitive Surgical during the 4th quarter worth about $28,000. Hurley Capital LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 11,545 shares of the firm's stock in a transaction 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 owns 5,224 shares of the company's stock, valued at $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,754 shares of company stock valued at $17,691,621. 0.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Citigroup boosted their price target on Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Truist Financial dropped their price objective on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. CICC Research assumed coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a "neutral" rating and a $550.00 target price for the company. Finally, Evercore ISI lifted their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $611.81.

Intuitive Surgical Stock Up 0.3 %

Shares of Intuitive Surgical stock traded up $1.40 on Friday, reaching $482.74. 1,618,989 shares of the stock were exchanged, compared to its average volume of 1,589,481. The business has a 50 day moving average price of $522.23 and a two-hundred day moving average price of $532.34. The firm has a market capitalization of $171.94 billion, a price-to-earnings ratio of 75.31, a PEG ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a twelve month low of $364.31 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.