RWA Wealth Partners LLC Purchases 21 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

RWA Wealth Partners LLC raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,643 shares of the medical equipment provider’s stock after buying an additional 21 shares during the period. RWA Wealth Partners LLC’s holdings in Intuitive Surgical were worth $3,989,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Atala Financial Inc acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth approximately $26,000. BankPlus Trust Department bought a new position in shares of Intuitive Surgical in the fourth quarter valued at approximately $28,000. Summit Securities Group LLC purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $30,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Intuitive Surgical during the fourth quarter worth $31,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 3.2 %

Shares of NASDAQ:ISRG opened at $491.84 on Monday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a market cap of $175.18 billion, a P/E ratio of 76.73, a P/E/G ratio of 5.85 and a beta of 1.43. The company has a 50 day moving average of $556.28 and a 200 day moving average of $532.97.

Insider Activity

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $2,793,033.06. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock worth $17,691,621 in the last three months. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ISRG shares. Robert W. Baird cut their price objective on shares of Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. Royal Bank of Canada lifted their target price on Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Citigroup raised their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Piper Sandler reiterated an “overweight” rating and issued a $670.00 target price (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Finally, Leerink Partners raised their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $611.86.

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.