Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by CenterBook Partners LP

CenterBook Partners LP reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 86.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 517 shares of the medical equipment provider’s stock after selling 3,196 shares during the quarter. CenterBook Partners LP’s holdings in Intuitive Surgical were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. DRW Securities LLC lifted its holdings in shares of Intuitive Surgical by 47.0% during the 4th quarter. DRW Securities LLC now owns 2,205 shares of the medical equipment provider’s stock worth $1,151,000 after acquiring an additional 705 shares during the period. APG Asset Management US Inc. acquired a new position in Intuitive Surgical during the fourth quarter worth approximately $3,833,000. Azimuth Capital Investment Management LLC increased its position in Intuitive Surgical by 6.9% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 42,232 shares of the medical equipment provider’s stock worth $22,043,000 after purchasing an additional 2,713 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Intuitive Surgical by 1,332.7% in the 4th quarter. APG Asset Management N.V. now owns 340,163 shares of the medical equipment provider’s stock valued at $171,464,000 after purchasing an additional 316,420 shares during the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of Intuitive Surgical by 13.1% during the 4th quarter. Advisory Services Network LLC now owns 24,986 shares of the medical equipment provider’s stock valued at $13,042,000 after buying an additional 2,886 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Intuitive Surgical

In other news, EVP Robert Desantis sold 11,545 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the transaction, the executive vice president now owns 5,224 shares of the company’s stock, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $2,793,033.06. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,754 shares of company stock valued at $17,691,621. 0.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bernstein Bank increased their target price on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Raymond James raised their price objective on Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Truist Financial decreased their target price on Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a report on Monday, March 17th. Robert W. Baird cut their price target on shares of Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. Finally, Evercore ISI boosted their price objective on shares of 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 fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average target price of $611.86.

Intuitive Surgical Stock Up 0.8 %

ISRG stock opened at $493.60 on Friday. The stock’s 50 day moving average is $532.72 and its two-hundred day moving average is $532.36. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The company has a market capitalization of $175.81 billion, a PE ratio of 77.00, a P/E/G ratio of 5.85 and a beta of 1.55.

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.