Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,843 shares of the medical equipment provider's stock after purchasing an additional 525 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Intuitive Surgical were worth $5,138,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Quarry LP raised its position in Intuitive Surgical by 134.7% in the 2nd quarter. Quarry LP now owns 115 shares of the medical equipment provider's stock valued at $51,000 after purchasing an additional 66 shares during the last quarter. Dana Investment Advisors Inc. increased its stake in Intuitive Surgical by 5.0% in the second quarter. Dana Investment Advisors Inc. now owns 1,904 shares of the medical equipment provider's stock valued at $847,000 after purchasing an additional 90 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in shares of Intuitive Surgical by 8.5% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,148 shares of the medical equipment provider's stock valued at $564,000 after buying an additional 90 shares during the last quarter. Czech National Bank boosted its stake in shares of Intuitive Surgical by 6.9% during the third quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider's stock worth $35,498,000 after buying an additional 4,665 shares during the period. Finally, MRA Advisory Group grew its holdings in shares of Intuitive Surgical by 28.7% during the third quarter. MRA Advisory Group now owns 959 shares of the medical equipment provider's stock worth $471,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Activity at Intuitive Surgical

In other news, insider Jamie Samath sold 22,903 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the completion of the transaction, the insider now directly owns 8,757 shares in the company, valued at approximately $4,597,425. This represents a 72.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction on 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 represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,843 shares of company stock valued at $15,357,560. 0.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on ISRG shares. Raymond James increased their price objective on Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Royal Bank of Canada increased their price target on Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Jefferies Financial Group boosted their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. Robert W. Baird raised their target price on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Finally, BTIG Research boosted their target price on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of "Moderate Buy" and a consensus price target of $613.10.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $571.88 on Friday. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00. The business's fifty day moving average price is $550.40 and its two-hundred day moving average price is $508.94. The stock has a market cap of $203.69 billion, a PE ratio of 89.22, a price-to-earnings-growth ratio of 5.52 and a beta of 1.39.

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.

Want to see what other hedge funds are holding ISRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.