Cyndeo Wealth Partners LLC Buys 407 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Cyndeo Wealth Partners LLC boosted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% during the fourth quarter, HoldingsChannel reports. The firm owned 8,786 shares of the medical equipment provider’s stock after buying an additional 407 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Intuitive Surgical were worth $4,586,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of ISRG. AQR Capital Management LLC lifted its position in 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 buying an additional 4,775 shares during the last quarter. APG Asset Management N.V. raised its position in Intuitive Surgical by 3.4% in the 2nd quarter. APG Asset Management N.V. now owns 234,279 shares of the medical equipment provider’s stock worth $97,242,000 after purchasing an additional 7,648 shares during the period. Daymark Wealth Partners LLC lifted its stake in Intuitive Surgical by 3.6% in the second quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider’s stock worth $3,115,000 after purchasing an additional 246 shares during the last quarter. MBB Public Markets I LLC boosted its position in Intuitive Surgical by 1,739.6% during the second quarter. MBB Public Markets I LLC now owns 25,129 shares of the medical equipment provider’s stock valued at $11,179,000 after buying an additional 23,763 shares during the period. Finally, Mark Asset Management LP grew its stake in shares of Intuitive Surgical by 0.3% during the second quarter. Mark Asset Management LP now owns 29,067 shares of the medical equipment provider’s stock valued at $12,930,000 after buying an additional 77 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, insider Jamie Samath sold 22,903 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,597,425. This represents a 72.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total transaction of $95,225.76. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,788,899.12. The trade was a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,475 shares of company stock worth $22,070,807. 0.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ISRG shares. Royal Bank of Canada boosted their target price on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Leerink Partners raised their target price on shares of Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Piper Sandler reissued an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday. Finally, Wells Fargo & Company increased their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $583.83.

Intuitive Surgical Trading Down 4.0 %

NASDAQ ISRG opened at $584.05 on Friday. The stock’s fifty day moving average price is $547.16 and its 200-day moving average price is $504.35. The stock has a market cap of $208.03 billion, a P/E ratio of 93.90, a P/E/G ratio of 5.19 and a beta of 1.39. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00.

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.