Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 482,830 shares of the medical equipment provider's stock after selling 14,943 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.14% of Intuitive Surgical worth $262,669,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. M.E. Allison & CO. Inc. acquired a new stake in Intuitive Surgical in the fourth quarter valued at $449,000. Seilern Investment Management Ltd purchased a new stake in Intuitive Surgical during the fourth quarter worth approximately $82,517,000. Sycomore Asset Management boosted its holdings in Intuitive Surgical by 27.4% in the fourth quarter. Sycomore Asset Management now owns 18,945 shares of the medical equipment provider's stock valued at $9,214,000 after purchasing an additional 4,079 shares in the last quarter. Exome Asset Management LLC boosted its holdings in Intuitive Surgical by 16.8% in the third quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider's stock valued at $3,649,000 after purchasing an additional 1,069 shares in the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its holdings in Intuitive Surgical by 5.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider's stock worth $5,138,000 after purchasing an additional 525 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

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Intuitive Surgical Trading Up 0.2 %

Shares of NASDAQ:ISRG traded up $1.09 on Tuesday, hitting $496.36. The company had a trading volume of 1,609,268 shares, compared to its average volume of 1,531,879. The company has a market cap of $176.79 billion, a PE ratio of 77.44, a PEG ratio of 5.85 and a beta of 1.43. The business has a 50 day moving average of $554.33 and a 200 day moving average of $532.98. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Raymond James upped their price objective on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. CICC Research assumed coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a "neutral" rating and a $550.00 target price on the stock. Leerink Partners lifted their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Bernstein Bank upped their price target on Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $611.86.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 4,635 shares of the firm's stock in a transaction on 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Robert Desantis sold 11,545 shares of the company's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the transaction, the executive vice president now owns 5,224 shares of the company's stock, valued at $2,607,925.28. The trade was 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.

Intuitive Surgical Company 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.