Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 240,895 shares of the medical equipment provider's stock after purchasing an additional 1,953 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.07% of Intuitive Surgical worth $125,669,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc purchased a new position in Intuitive Surgical during the 4th quarter worth $25,000. Berbice Capital Management LLC purchased a new position in shares of Intuitive Surgical in the fourth quarter worth $26,000. BankPlus Trust Department purchased a new position in shares of Intuitive Surgical in the fourth quarter worth $28,000. Hurley Capital LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth $28,000. Finally, Summit Securities Group LLC acquired a new position in shares of Intuitive Surgical in the fourth quarter valued at about $30,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ISRG shares. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the company a "buy" rating in a research report on Monday, April 14th. Citigroup upped their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a "buy" rating in a report on Friday, January 24th. Erste Group Bank lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. JPMorgan Chase & Co. increased their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. Finally, Bernstein Bank raised their target price on Intuitive Surgical from $655.00 to $700.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $611.81.

Insider Activity at Intuitive Surgical

In other news, CFO Jamie Samath sold 94 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was 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 directly owns 2,630 shares in the company, valued at $1,502,019.30. This trade represents a 3.45 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the sale, the director now owns 12,275 shares in the company, valued at $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. In the last ninety days, insiders have sold 33,754 shares of company stock worth $17,691,621. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Price Performance

Shares of ISRG stock traded up $1.40 during trading on Friday, hitting $482.74. 1,618,989 shares of the stock traded hands, compared to its average volume of 1,589,481. Intuitive Surgical, Inc. has a 52-week low of $364.31 and a 52-week high of $616.00. The firm has a market capitalization of $171.94 billion, a P/E ratio of 75.31, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. The firm's fifty day moving average price is $522.23 and its 200-day moving average price is $532.34.

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.