GraniteShares Advisors LLC Sells 429 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

GraniteShares Advisors LLC reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,821 shares of the medical equipment provider’s stock after selling 429 shares during the quarter. GraniteShares Advisors LLC’s holdings in Intuitive Surgical were worth $1,472,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its position in shares of Intuitive Surgical by 6.0% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,473 shares of the medical equipment provider’s stock valued at $1,813,000 after acquiring an additional 197 shares during the last quarter. JFG Wealth Management LLC bought a new position in shares of Intuitive Surgical during the 4th quarter valued at approximately $1,162,000. Kirtland Hills Capital Management LLC boosted its position in shares of Intuitive Surgical by 15.0% during the 4th quarter. Kirtland Hills Capital Management LLC now owns 1,125 shares of the medical equipment provider’s stock valued at $587,000 after acquiring an additional 147 shares during the last quarter. Longbow Finance SA bought a new position in shares of Intuitive Surgical during the 4th quarter valued at approximately $4,431,000. Finally, Amalgamated Bank lifted its position in Intuitive Surgical by 2.1% in the fourth quarter. Amalgamated Bank now owns 78,171 shares of the medical equipment provider’s stock worth $40,802,000 after buying an additional 1,592 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jamie Samath sold 188 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $101,332.00. Following the sale, the chief financial officer now owns 8,757 shares of the company’s stock, valued at $4,720,023. This trade represents a 2.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,240 shares of company stock worth $3,529,040. Company insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

ISRG has been the subject of a number of analyst reports. Bernstein Bank raised their price target on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. UBS Group raised their price target on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price target for the company. Piper Sandler restated an “overweight” rating and issued a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Finally, Raymond James raised their price target on Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Trading Down 2.9 %

Shares of Intuitive Surgical stock opened at $573.74 on Wednesday. The firm has a market cap of $204.35 billion, a P/E ratio of 89.51, a P/E/G ratio of 5.85 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. The stock’s fifty day moving average price is $567.01 and its 200-day moving average price is $527.27.

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.