Dnca Finance Reduces Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Dnca Finance reduced its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,650 shares of the medical equipment provider's stock after selling 1,350 shares during the period. Dnca Finance's holdings in Intuitive Surgical were worth $5,037,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its holdings in shares of Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider's stock valued at $1,044,000 after acquiring an additional 92 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Intuitive Surgical by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider's stock worth $295,938,000 after buying an additional 9,194 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Intuitive Surgical by 0.3% in the 3rd quarter. M&T Bank Corp now owns 68,581 shares of the medical equipment provider's stock valued at $33,691,000 after purchasing an additional 226 shares in the last quarter. World Investment Advisors LLC purchased a new stake in Intuitive Surgical during the third quarter worth $228,000. Finally, Arvest Bank Trust Division purchased a new stake in shares of Intuitive Surgical during the 3rd quarter worth $260,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Up 0.3 %

Shares of Intuitive Surgical stock opened at $482.74 on Friday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a market cap of $171.94 billion, a PE ratio of 75.31, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. The business has a fifty day simple moving average of $522.23 and a 200 day simple moving average of $532.02.

Analysts Set New Price Targets

A number of equities research analysts have commented on ISRG shares. Erste Group Bank cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Piper Sandler reiterated an "overweight" rating and issued a $670.00 price objective (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. JPMorgan Chase & Co. boosted their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. Jefferies Financial Group increased their price objective on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Finally, Leerink Partners lifted their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $611.81.

Insider Activity

In other Intuitive Surgical news, VP Fredrik Widman sold 810 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $573.78, for a total value of $464,761.80. Following the sale, the vice president now owns 473 shares in the company, valued at approximately $271,397.94. The trade was a 63.13 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jamie Samath sold 94 shares of the firm's stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 2,630 shares of the company's stock, valued at $1,502,019.30. This represents a 3.45 % 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 worth $17,691,621 in the last 90 days. Corporate 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.

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