Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Purchased by DnB Asset Management AS

DnB Asset Management AS increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 8.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,531 shares of the medical equipment provider's stock after purchasing an additional 7,406 shares during the period. DnB Asset Management AS's holdings in Intuitive Surgical were worth $52,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Intuitive Surgical during the fourth quarter worth approximately $2,401,493,000. Proficio Capital Partners LLC grew its holdings in shares of Intuitive Surgical by 89,098.8% during the 4th quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock worth $495,845,000 after purchasing an additional 948,902 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $313,769,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Intuitive Surgical by 15,322.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock worth $272,980,000 after acquiring an additional 552,058 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Intuitive Surgical by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock worth $16,813,478,000 after purchasing an additional 360,591 shares during the period. 83.64% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

ISRG has been the subject of several research analyst reports. Jefferies Financial Group raised their price target on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Morgan Stanley raised Intuitive Surgical from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. Royal Bank of Canada increased their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. UBS Group lifted their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Finally, Wells Fargo & Company increased their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $611.86.

Insider Activity

In other news, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the sale, the director now directly owns 12,275 shares in the company, valued at $6,955,015. This trade represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock worth $17,691,621 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Price Performance

Shares of ISRG traded down $0.87 during mid-day trading on Tuesday, reaching $494.40. 634,248 shares of the company's stock were exchanged, compared to its average volume of 1,526,712. The business's fifty day simple moving average is $554.33 and its 200-day simple moving average is $532.98. The stock has a market capitalization of $176.09 billion, a PE ratio of 77.31, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

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.