Jupiter Asset Management Ltd. Increases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Jupiter Asset Management Ltd. raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 56.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 139,377 shares of the medical equipment provider's stock after acquiring an additional 50,246 shares during the quarter. Intuitive Surgical makes up approximately 0.7% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 27th largest position. Jupiter Asset Management Ltd.'s holdings in Intuitive Surgical were worth $72,749,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Berbice Capital Management LLC bought a new position in Intuitive Surgical during the 4th quarter worth $26,000. BankPlus Trust Department acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $28,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Intuitive Surgical during the fourth quarter worth about $31,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the third quarter worth approximately $33,000. Finally, Decker Retirement Planning Inc. bought a new stake in Intuitive Surgical in the fourth quarter valued at approximately $36,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Barclays boosted their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Wells Fargo & Company increased their price target on Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a report on Friday, January 24th. CICC Research initiated coverage on Intuitive Surgical in a research note on Monday, January 27th. They set a "neutral" rating and a $550.00 target price for the company. Finally, Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $613.10.

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Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 94 shares of the business'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 value of $53,684.34. Following the completion of the sale, the chief financial officer now owns 2,630 shares in the company, valued at approximately $1,502,019.30. The trade was a 3.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Brian Edward Miller sold 8,900 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 5,758 shares of the company's stock, valued at approximately $2,793,033.06. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,209 shares of company stock worth $11,928,127. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Trading Down 4.1 %

Shares of Intuitive Surgical stock traded down $20.52 on Thursday, hitting $476.78. 3,642,855 shares of the company traded hands, compared to its average volume of 1,433,311. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The company has a market cap of $169.82 billion, a P/E ratio of 74.38, a P/E/G ratio of 5.85 and a beta of 1.43. The firm's 50-day simple moving average is $568.47 and its 200 day simple moving average is $531.22.

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.