Swiss National Bank Sells 49,000 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Swiss National Bank decreased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,003,800 shares of the medical equipment provider’s stock after selling 49,000 shares during the period. Swiss National Bank’s holdings in Intuitive Surgical were worth $523,943,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. increased its position in Intuitive Surgical by 184.6% during the 4th quarter. Rakuten Securities Inc. now owns 498 shares of the medical equipment provider’s stock valued at $260,000 after buying an additional 323 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Intuitive Surgical by 1.1% in the fourth quarter. Avantax Advisory Services Inc. now owns 22,849 shares of the medical equipment provider’s stock worth $11,926,000 after acquiring an additional 257 shares during the last quarter. Essential Planning LLC. bought a new position in shares of Intuitive Surgical during the fourth quarter valued at $4,282,000. Jupiter Asset Management Ltd. raised its position in shares of Intuitive Surgical by 56.4% in the 4th quarter. Jupiter Asset Management Ltd. now owns 139,377 shares of the medical equipment provider’s stock worth $72,749,000 after purchasing an additional 50,246 shares during the last quarter. Finally, Truvestments Capital LLC boosted its stake in Intuitive Surgical by 25.2% in the 4th quarter. Truvestments Capital LLC now owns 1,847 shares of the medical equipment provider’s stock worth $964,000 after purchasing an additional 372 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of analyst reports. Barclays raised their price objective on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Royal Bank of Canada raised their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Leerink Partners boosted their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Truist Financial increased their target price on Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Finally, CICC Research started coverage on Intuitive Surgical in a research note on Monday, January 27th. They issued a “neutral” rating and a $550.00 price target for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Trading Up 0.7 %

Shares of ISRG stock opened at $497.30 on Thursday. 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 $177.13 billion, a P/E ratio of 77.58, a P/E/G ratio of 5.85 and a beta of 1.43. The company has a 50 day simple moving average of $569.42 and a two-hundred day simple moving average of $531.60.

Insider Transactions at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. The trade was a 60.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the sale, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,209 shares of company stock worth $11,928,127 in the last three months. Corporate insiders own 0.90% of the company’s stock.

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.