Traynor Capital Management Inc. Acquires 4,771 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Traynor Capital Management Inc. increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 41,134 shares of the medical equipment provider’s stock after acquiring an additional 4,771 shares during the period. Intuitive Surgical comprises 1.4% of Traynor Capital Management Inc.’s portfolio, making the stock its 11th biggest position. Traynor Capital Management Inc.’s holdings in Intuitive Surgical were worth $21,470,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. LVW Advisors LLC lifted its stake in shares of Intuitive Surgical by 1.3% during the 4th quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider’s stock worth $756,000 after acquiring an additional 19 shares during the last quarter. Wesbanco Bank Inc. lifted its stake 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 worth $635,000 after acquiring an additional 19 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of Intuitive Surgical by 5.8% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 362 shares of the medical equipment provider’s stock worth $177,000 after acquiring an additional 20 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Intuitive Surgical by 4.1% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 503 shares of the medical equipment provider’s stock worth $247,000 after acquiring an additional 20 shares during the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in shares of Intuitive Surgical by 3.0% during the 4th quarter. Fragasso Financial Advisors Inc now owns 687 shares of the medical equipment provider’s stock worth $359,000 after acquiring an additional 20 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Stock Up 1.0 %

Shares of Intuitive Surgical stock opened at $610.45 on Thursday. Intuitive Surgical, Inc. has a twelve month low of $362.14 and a twelve month high of $614.72. The business has a 50-day moving average price of $543.14 and a 200 day moving average price of $501.89. The firm has a market cap of $217.43 billion, a PE ratio of 98.14, a P/E/G ratio of 5.13 and a beta of 1.39.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Royal Bank of Canada lifted their price target on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and issued a $538.00 price objective (up previously from $495.00) on shares of Intuitive Surgical in a research report on Friday, October 18th. Finally, Robert W. Baird raised their price objective on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and a consensus target price of $554.17.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 1,012 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $514.00, for a total transaction of $520,168.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,830,084. The trade was a 15.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jamie Samath sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total value of $58,542.48. Following the sale, the chief financial officer now owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. This trade represents a 1.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 43,487 shares of company stock worth $22,590,975 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

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.