Whittier Trust Co. of Nevada Inc. Buys 10,626 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Whittier Trust Co. of Nevada Inc. grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 45.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,806 shares of the medical equipment provider’s stock after purchasing an additional 10,626 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Intuitive Surgical were worth $17,645,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $31,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $36,000. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ISRG. Piper Sandler reissued an “overweight” rating and set a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Erste Group Bank lowered Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Monday. 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 note on Monday, January 27th. Leerink Partners raised their price objective on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada upped their target price on Intuitive Surgical from $611.00 to $641.00 in a report 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 given a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Intuitive Surgical Stock Performance

NASDAQ:ISRG opened at $491.81 on Friday. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The stock has a market capitalization of $175.17 billion, a P/E ratio of 76.73, a P/E/G ratio of 5.85 and a beta of 1.43. The company’s 50-day simple moving average is $563.34 and its 200-day simple moving average is $531.34.

Insider Activity

In other news, EVP Robert Desantis sold 11,545 shares of the firm’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 sale, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical 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 sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $2,793,033.06. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 33,754 shares of company stock worth $17,691,621. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Company 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.