Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 67,979 shares of the medical equipment provider's stock after selling 1,900 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Intuitive Surgical were worth $35,482,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Intuitive Surgical by 1.4% in the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after purchasing an additional 210,363 shares during the period. FMR LLC boosted its position in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock valued at $5,389,765,000 after buying an additional 838,793 shares during the period. Geode Capital Management LLC grew its stake in shares of Intuitive Surgical by 1.9% in the third quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock worth $3,677,194,000 after acquiring an additional 143,440 shares in the last quarter. Fisher Asset Management LLC increased its position in shares of Intuitive Surgical by 1.8% during the third quarter. Fisher Asset Management LLC now owns 4,782,381 shares of the medical equipment provider's stock worth $2,349,441,000 after acquiring an additional 86,208 shares during the period. Finally, Baillie Gifford & Co. raised its stake in shares of Intuitive Surgical by 0.6% in the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider's stock valued at $1,890,676,000 after acquiring an additional 24,183 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 188 shares of Intuitive Surgical stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $101,332.00. Following the transaction, the chief financial officer now directly owns 8,757 shares in the company, valued at $4,720,023. This trade represents a 2.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Desantis sold 376 shares of the business's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,240 shares of company stock worth $3,529,040 in the last 90 days. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ISRG. Piper Sandler restated an "overweight" rating and set a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. BTIG Research boosted their price objective on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada raised their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Jefferies Financial Group boosted their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $613.10.

Intuitive Surgical Stock Performance

NASDAQ ISRG traded down $17.27 on Tuesday, reaching $573.74. The stock had a trading volume of 2,548,276 shares, compared to its average volume of 1,739,679. The stock has a market cap of $204.35 billion, a P/E ratio of 89.51, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39. The business's 50-day moving average price is $567.01 and its 200 day moving average price is $527.27. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

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.