National Pension Service Acquires 105,759 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

National Pension Service raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 16.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 754,521 shares of the medical equipment provider’s stock after purchasing an additional 105,759 shares during the period. National Pension Service owned approximately 0.21% of Intuitive Surgical worth $393,830,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ISRG. Massachusetts Financial Services Co. MA purchased a new stake in shares of Intuitive Surgical during the third quarter valued at $558,807,000. FMR LLC lifted its stake in Intuitive Surgical by 8.3% during the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock valued at $5,389,765,000 after acquiring an additional 838,793 shares during the period. Wilmington Savings Fund Society FSB boosted its holdings in shares of Intuitive Surgical by 15,322.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock valued at $272,980,000 after acquiring an additional 552,058 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Intuitive Surgical by 50,740.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock worth $163,202,000 after acquiring an additional 312,056 shares during the period. Finally, State Street Corp raised its holdings in shares of Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider’s stock valued at $7,393,673,000 after purchasing an additional 210,363 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 2.9 %

NASDAQ ISRG opened at $573.74 on Wednesday. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The business has a 50-day moving average price of $567.01 and a 200-day moving average price of $527.27. The firm has a market cap of $204.35 billion, a price-to-earnings ratio of 89.51, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39.

Analysts Set New Price Targets

ISRG has been the topic of several research reports. Barclays raised their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. BTIG Research raised their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Evercore ISI boosted their price target on Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Insiders Place Their Bets

In related news, EVP Myriam Curet sold 408 shares of the company’s stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the transaction, the executive vice president now owns 353 shares in the company, valued at approximately $208,181.75. This represents a 53.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jamie Samath sold 188 shares of the firm’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $101,332.00. Following the transaction, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at $4,720,023. The trade was a 2.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,240 shares of company stock worth $3,529,040 in the last three months. 0.80% of the stock is owned by company insiders.

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.