Canada Pension Plan Investment Board Grows Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Canada Pension Plan Investment Board boosted its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,046,009 shares of the medical equipment provider's stock after purchasing an additional 39,866 shares during the quarter. Canada Pension Plan Investment Board owned about 0.29% of Intuitive Surgical worth $545,975,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ISRG. Atala Financial Inc bought a new stake in Intuitive Surgical in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC bought a new stake in Intuitive Surgical in the fourth quarter worth $26,000. BankPlus Trust Department purchased a new stake in Intuitive Surgical during the fourth quarter valued at $28,000. Hurley Capital LLC bought a new position in Intuitive Surgical during the fourth quarter valued at $28,000. Finally, Summit Securities Group LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter worth $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of analyst reports. Bernstein Bank increased their price target on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Evercore ISI upped their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. UBS Group upped their target price on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Jefferies Financial Group boosted their price objective on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada lifted their price target on Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and an average price target of $611.81.

Intuitive Surgical Trading Up 0.3 %

ISRG stock traded up $1.40 during mid-day trading on Friday, reaching $482.74. The company's stock had a trading volume of 1,618,989 shares, compared to its average volume of 1,589,481. The stock has a market cap of $171.94 billion, a PE ratio of 75.31, a P/E/G ratio of 5.85 and a beta of 1.55. The company's 50 day moving average is $522.23 and its two-hundred day moving average is $532.34. Intuitive Surgical, Inc. has a fifty-two week low of $364.31 and a fifty-two week high of $616.00.

Insider Buying and Selling

In other news, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction that occurred 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 sale, the executive vice president now owns 353 shares of the company's stock, valued at approximately $208,181.75. The trade was a 53.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jamie Samath sold 94 shares of the stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of the transaction, the chief financial officer now owns 2,630 shares of the company's stock, valued at $1,502,019.30. The trade was a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is owned by corporate 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.