Dimensional Fund Advisors LP increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,956 shares of the medical equipment provider’s stock after buying an additional 1,480 shares during the period. Dimensional Fund Advisors LP owned about 0.16% of Intuitive Surgical worth $40,561,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. State Street Corp raised its stake in Intuitive Surgical by 7.2% in the fourth quarter. State Street Corp now owns 1,635,347 shares of the medical equipment provider’s stock valued at $1,037,088,000 after buying an additional 110,302 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Intuitive Surgical by 2.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,011,384 shares of the medical equipment provider’s stock valued at $733,081,000 after buying an additional 21,482 shares during the last quarter. BlackRock Fund Advisors raised its stake in Intuitive Surgical by 3.2% in the third quarter. BlackRock Fund Advisors now owns 858,396 shares of the medical equipment provider’s stock valued at $622,191,000 after buying an additional 26,426 shares during the last quarter. Northern Trust Corp increased its position in shares of Intuitive Surgical by 1.1% in the third quarter. Northern Trust Corp now owns 499,275 shares of the medical equipment provider’s stock valued at $361,890,000 after buying an additional 5,233 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of Intuitive Surgical by 7.8% in the third quarter. BlackRock Group LTD now owns 327,506 shares of the medical equipment provider’s stock valued at $237,386,000 after buying an additional 23,802 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.
Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down 0.13% during trading on Friday, hitting $813.43. 411,261 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $758.44 and its 200 day moving average price is $694.87. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $817.20. The firm has a market cap of $31.55 billion, a price-to-earnings ratio of 43.43 and a beta of 0.55.
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ISRG has been the topic of several analyst reports. Barclays PLC reiterated a “buy” rating and issued a $830.00 target price (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday. Leerink Swann reiterated an “outperform” rating and issued a $850.00 target price (up previously from $840.00) on shares of Intuitive Surgical in a research note on Saturday. Royal Bank of Canada upped their target price on shares of Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research note on Monday, April 17th. Bank of America Corp set a $800.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Finally, BTIG Research reissued a “hold” rating on shares of Intuitive Surgical in a report on Thursday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus price target of $795.46.
In related news, CEO Gary S. Guthart sold 18,775 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $810.33, for a total value of $15,213,945.75. Following the completion of the transaction, the chief executive officer now directly owns 95,573 shares of the company’s stock, valued at $77,445,669.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Mark J. Meltzer sold 8,750 shares of the company’s stock in a transaction that occurred on Tuesday, February 21st. The shares were sold at an average price of $724.82, for a total value of $6,342,175.00. Following the completion of the transaction, the senior vice president now directly owns 2,274 shares of the company’s stock, valued at $1,648,240.68. The disclosure for this sale can be found here. Insiders have sold 55,893 shares of company stock worth $42,708,877 over the last 90 days. Insiders own 3.10% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
