Dakota Wealth Management Cuts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Dakota Wealth Management reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 31.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,258 shares of the medical equipment provider’s stock after selling 4,216 shares during the period. Dakota Wealth Management’s holdings in Intuitive Surgical were worth $4,548,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. DT Investment Partners LLC increased its holdings in Intuitive Surgical by 80.0% in the 3rd quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock valued at $40,000 after purchasing an additional 36 shares in the last quarter. Global Trust Asset Management LLC increased its holdings in Intuitive Surgical by 286.7% in the 3rd quarter. Global Trust Asset Management LLC now owns 816 shares of the medical equipment provider’s stock valued at $401,000 after purchasing an additional 605 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in Intuitive Surgical by 0.7% in the 3rd quarter. Mcdaniel Terry & Co. now owns 70,165 shares of the medical equipment provider’s stock valued at $34,470,000 after purchasing an additional 459 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Intuitive Surgical in the 3rd quarter valued at $108,000. Finally, Mason & Associates Inc acquired a new stake in Intuitive Surgical in the 3rd quarter valued at $235,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Trading Down 0.1 %

Shares of NASDAQ:ISRG opened at $511.27 on Friday. The stock has a market capitalization of $182.10 billion, a PE ratio of 82.20, a P/E/G ratio of 5.11 and a beta of 1.39. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $523.34. The firm has a fifty day moving average price of $487.34 and a 200 day moving average price of $441.45.

Insider Buying and Selling

In related news, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,655,048.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total value of $90,655.48. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,655,048.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Brian Edward Miller sold 2,553 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the sale, the executive vice president now owns 7,066 shares of the company’s stock, valued at $3,638,990. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,192 shares of company stock worth $25,398,571. Corporate insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ISRG shares. Piper Sandler reiterated an “overweight” rating and issued a $538.00 price target (up from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Barclays lifted their target price on Intuitive Surgical from $430.00 to $490.00 and gave the stock an “overweight” rating in a research report on Thursday, July 18th. Wells Fargo & Company lifted their target price on Intuitive Surgical from $466.00 to $549.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $380.00 to $510.00 in a research report on Friday, August 2nd. Finally, Citigroup lifted their target price on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $513.74.

About Intuitive Surgical

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.