Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,648 shares of the medical equipment provider’s stock after selling 5,147 shares during the period. Intuitive Surgical makes up about 2.3% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 14th biggest position. Alpha Cubed Investments LLC’s holdings in Intuitive Surgical were worth $49,402,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. raised its holdings in shares of Intuitive Surgical by 140.0% in the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after acquiring an additional 35 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the 3rd quarter valued at $33,000. Decker Retirement Planning Inc. purchased a new stake in Intuitive Surgical during the fourth quarter valued at about $36,000. Capital Performance Advisors LLP purchased a new position in Intuitive Surgical in the third quarter valued at approximately $38,000. Finally, DT Investment Partners LLC lifted its holdings in shares of Intuitive Surgical by 80.0% during the 3rd quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock valued at $40,000 after acquiring an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Insider Activity at Intuitive Surgical

In related news, insider Jamie Samath sold 22,903 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the transaction, the insider now owns 8,757 shares of the company’s stock, valued at approximately $4,597,425. This trade represents a 72.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,509 shares of company stock valued at $22,602,212. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on ISRG shares. Mizuho boosted their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. The Goldman Sachs Group set a $604.00 price objective on Intuitive Surgical in a research note on Friday, October 18th. 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. BTIG Research raised their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Evercore ISI restated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. One investment 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. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus target price of $554.17.

Intuitive Surgical Stock Up 1.5 %

Shares of NASDAQ:ISRG opened at $592.64 on Tuesday. The firm has a fifty day moving average of $540.66 and a two-hundred day moving average of $499.64. Intuitive Surgical, Inc. has a 12-month low of $362.14 and a 12-month high of $597.68. The firm has a market capitalization of $211.09 billion, a P/E ratio of 95.28, a price-to-earnings-growth ratio of 5.04 and a beta of 1.39.

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.