Mitsubishi UFJ Trust & Banking Corp Purchases 4,791 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 314,681 shares of the medical equipment provider’s stock after purchasing an additional 4,791 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.09% of Intuitive Surgical worth $164,251,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ISRG. Proficio Capital Partners LLC raised its stake in shares of Intuitive Surgical by 89,098.8% in the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock worth $495,845,000 after purchasing an additional 948,902 shares during the last quarter. FMR LLC increased its holdings in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after buying an additional 838,793 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Intuitive Surgical in the 4th quarter worth about $313,769,000. Wilmington Savings Fund Society FSB lifted its stake in 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 period. Finally, Vanguard Group Inc. boosted its holdings in shares of Intuitive Surgical by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider’s stock valued at $16,813,478,000 after acquiring an additional 360,591 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ISRG. Evercore ISI boosted their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Royal Bank of Canada boosted their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. UBS Group raised their price target on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Jefferies Financial Group upped their price objective on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Finally, CICC Research assumed coverage on Intuitive Surgical in a research report on Monday, January 27th. They issued a “neutral” rating and a $550.00 target price on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $611.86.

Intuitive Surgical Stock Up 3.3 %

NASDAQ:ISRG opened at $508.58 on Tuesday. The business’s 50-day simple moving average is $561.62 and its two-hundred day simple moving average is $532.25. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The stock has a market cap of $181.15 billion, a PE ratio of 79.34, a P/E/G ratio of 5.85 and a beta of 1.43.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 94 shares of the company’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the transaction, the chief financial officer now owns 2,630 shares in the company, valued at approximately $1,502,019.30. This represents a 3.45 % 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, Director Amal M. Johnson sold 4,635 shares of Intuitive Surgical stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the sale, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. This represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,754 shares of company stock valued at $17,691,621. 0.90% of the stock is owned by company insiders.

About Intuitive Surgical

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.