Geode Capital Management LLC Has $4.04 Billion Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Geode Capital Management LLC grew its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,756,727 shares of the medical equipment provider's stock after purchasing an additional 243,802 shares during the quarter. Geode Capital Management LLC owned approximately 2.18% of Intuitive Surgical worth $4,039,200,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atala Financial Inc acquired a new position in shares of Intuitive Surgical during the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new position in Intuitive Surgical in the 4th quarter valued at about $26,000. BankPlus Trust Department acquired a new position in Intuitive Surgical during the 4th quarter valued at about $28,000. Summit Securities Group LLC bought a new stake in shares of Intuitive Surgical during the 4th quarter worth about $30,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded down $43.21 during mid-day trading on Friday, reaching $451.40. The company had a trading volume of 4,091,892 shares, compared to its average volume of 1,542,850. The company has a market capitalization of $160.78 billion, a price-to-earnings ratio of 70.42, a PEG ratio of 5.85 and a beta of 1.55. The stock has a fifty day moving average of $547.83 and a two-hundred day moving average of $532.58. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

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Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group boosted their target price on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Robert W. Baird dropped their price objective on Intuitive Surgical from $707.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. 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. Stifel Nicolaus raised their price objective on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. Finally, Bernstein Bank boosted their target price on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $611.86.

Insiders Place Their Bets

In related news, EVP Robert Desantis sold 11,545 shares of the 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 sale, the executive vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian Edward Miller sold 8,900 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the transaction, the executive vice president now owns 5,758 shares in the company, valued at $2,793,033.06. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

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.