Canada Post Corp Registered Pension Plan Acquires Shares of 6,532 Intuitive Surgical, Inc. (NASDAQ:ISRG)

Canada Post Corp Registered Pension Plan purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 6,532 shares of the medical equipment provider's stock, valued at approximately $3,409,000.

Several other hedge funds have also recently modified their holdings of the stock. Atala Financial Inc bought a new stake in Intuitive Surgical in the fourth quarter worth $25,000. Hurley Capital LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter worth about $28,000. Berbice Capital Management LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter worth about $26,000. BankPlus Trust Department bought a new position in shares of Intuitive Surgical in the 4th quarter valued at about $28,000. Finally, Summit Securities Group LLC purchased a new stake in Intuitive Surgical during the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Up 0.3 %

ISRG traded up $1.40 on Friday, reaching $482.74. The company's stock had a trading volume of 1,618,989 shares, compared to its average volume of 1,599,026. The company has a market capitalization of $171.94 billion, a price-to-earnings ratio of 75.31, a P/E/G ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The stock has a 50 day moving average of $522.23 and a two-hundred day moving average of $532.02.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the transaction, the chief financial officer now owns 3,282 shares of the company's stock, valued at $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,754 shares of company stock valued at $17,691,621 in the last ninety days. Insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

ISRG has been the topic of a number of analyst reports. Truist Financial cut their price objective on shares of Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Barclays upped their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. UBS Group raised their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Piper Sandler reaffirmed an "overweight" rating and set a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Finally, Wells Fargo & Company raised their price target on Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $611.81.

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.