Intuitive Surgical, Inc. (NASDAQ:ISRG) Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 704,935 shares of the medical equipment provider's stock after buying an additional 40,649 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.20% of Intuitive Surgical worth $377,348,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Atala Financial Inc acquired a new position in shares of Intuitive Surgical in the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical during the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth approximately $31,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Intuitive Surgical in the fourth quarter worth $36,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 11,545 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were 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 filing with the SEC, which is available at the SEC website. 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 value of $2,626,191.00. Following the completion of the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. This represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,754 shares of company stock valued at $17,691,621. 0.70% of the stock is owned by corporate insiders.

Remove Ads

Analysts Set New Price Targets

Several brokerages have weighed in on ISRG. Bernstein Bank raised their price objective 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. Raymond James lifted their price target on Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a research note on Friday, January 24th. Erste Group Bank lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Truist Financial reduced their target price on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Finally, Stifel Nicolaus boosted their price target on Intuitive Surgical from $525.00 to $610.00 and gave the company a "buy" rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Intuitive Surgical has an average rating of "Moderate Buy" and a consensus price target of $611.86.

Intuitive Surgical Stock Down 3.2 %

Intuitive Surgical stock traded down $16.06 during trading hours on Friday, hitting $491.84. 1,966,546 shares of the company traded hands, compared to its average volume of 1,527,047. The firm's 50-day simple moving average is $556.28 and its two-hundred day simple moving average is $532.68. The firm has a market cap of $175.18 billion, a P/E ratio of 76.73, a P/E/G ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

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.