Swedbank AB Grows Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Swedbank AB lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 184,689 shares of the medical equipment provider’s stock after buying an additional 4,646 shares during the period. Swedbank AB owned approximately 0.05% of Intuitive Surgical worth $96,400,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Mirador Capital Partners LP grew its holdings in Intuitive Surgical by 1.4% in the third quarter. Mirador Capital Partners LP now owns 3,526 shares of the medical equipment provider’s stock worth $1,732,000 after purchasing an additional 50 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new position in Intuitive Surgical during the 4th quarter worth $449,000. Seilern Investment Management Ltd acquired a new position in Intuitive Surgical during the 4th quarter valued at about $82,517,000. Exome Asset Management LLC raised its stake in Intuitive Surgical by 16.8% in the third quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider’s stock valued at $3,649,000 after buying an additional 1,069 shares during the last quarter. Finally, Consolidated Planning Corp boosted its holdings in Intuitive Surgical by 17.4% in the third quarter. Consolidated Planning Corp now owns 8,099 shares of the medical equipment provider’s stock worth $3,979,000 after acquiring an additional 1,198 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Insider Activity

In related news, insider Jamie Samath sold 22,903 shares of Intuitive Surgical stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $525.00, for a total value of $12,024,075.00. Following the sale, the insider now directly owns 8,757 shares in the company, valued at approximately $4,597,425. The trade was a 72.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the business’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 value of $2,626,191.00. Following the sale, the director now owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,843 shares of company stock worth $15,357,560 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent analyst reports. UBS Group upped their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday. The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a research note on Friday, October 18th. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. CICC Research began coverage on Intuitive Surgical in a report on Monday. They issued a “neutral” rating and a $550.00 price objective on the stock. Finally, Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Stock Down 0.2 %

Shares of Intuitive Surgical stock opened at $572.71 on Thursday. The firm has a market cap of $203.99 billion, a PE ratio of 92.08, a P/E/G ratio of 5.19 and a beta of 1.39. 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 $548.70 and a 200 day moving average price of $507.04.

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.