Moody Lynn & Lieberson LLC Cuts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Moody Lynn & Lieberson LLC reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,748 shares of the medical equipment provider’s stock after selling 238 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Intuitive Surgical were worth $7,698,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake 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. Susquehanna Fundamental Investments LLC purchased a new stake in Intuitive Surgical during the second quarter valued at approximately $29,776,000. Oliver Lagore Vanvalin Investment Group boosted its stake in shares of Intuitive Surgical by 11.2% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 4,431 shares of the medical equipment provider’s stock worth $1,971,000 after acquiring an additional 446 shares during the last quarter. MidWestOne Financial Group Inc. boosted its stake in shares of Intuitive Surgical by 5.4% during the 2nd quarter. MidWestOne Financial Group Inc. now owns 777 shares of the medical equipment provider’s stock worth $346,000 after acquiring an additional 40 shares during the last quarter. Finally, Rockport Wealth LLC increased its stake in shares of Intuitive Surgical by 7.2% in the 2nd quarter. Rockport Wealth LLC now owns 61,472 shares of the medical equipment provider’s stock worth $27,346,000 after purchasing an additional 4,104 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 188 shares of the 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 sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,788,899.12. This represents a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Jamie Samath sold 270 shares of Intuitive Surgical stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total transaction of $145,840.50. Following the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,475 shares of company stock valued at $22,070,807. Insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ISRG shares. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Citigroup lifted their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. The Goldman Sachs Group set a $604.00 target price on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, Mizuho upped their price target on shares of Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $583.83.

Intuitive Surgical Stock Down 4.0 %

Intuitive Surgical stock opened at $584.05 on Friday. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The company has a market cap of $208.03 billion, a price-to-earnings ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39. The firm’s fifty day moving average is $547.16 and its 200 day moving average is $504.35.

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.