Alphinity Investment Management Pty Ltd Has $571.66 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Alphinity Investment Management Pty Ltd reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,095,223 shares of the medical equipment provider's stock after selling 68,645 shares during the period. Intuitive Surgical comprises approximately 3.1% of Alphinity Investment Management Pty Ltd's portfolio, making the stock its 19th largest position. Alphinity Investment Management Pty Ltd owned approximately 0.31% of Intuitive Surgical worth $571,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in Intuitive Surgical during the 4th quarter worth $28,000. MidAtlantic Capital Management Inc. purchased a new stake in Intuitive Surgical in the third quarter valued at $33,000. Decker Retirement Planning Inc. acquired a new position in Intuitive Surgical in the fourth quarter valued at $36,000. Finally, Capital Performance Advisors LLP purchased a new position in shares of Intuitive Surgical during the third quarter worth about $38,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ISRG shares. Leerink Partners boosted their price objective on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Truist Financial upped their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a "buy" rating in a research report on Friday, January 24th. BTIG Research raised their price objective on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group lifted their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a research note on Monday, January 27th. Finally, Erste Group Bank upgraded shares of 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, five have assigned a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $613.10.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG traded up $9.38 on Friday, hitting $573.15. The company's stock had a trading volume of 2,399,758 shares, compared to its average volume of 1,733,598. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The stock's 50-day moving average is $569.87 and its two-hundred day moving average is $528.64. The company has a market capitalization of $204.14 billion, a price-to-earnings ratio of 89.42, a price-to-earnings-growth ratio of 5.85 and a beta of 1.39.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $590.00, for a total transaction of $158,710.00. Following the transaction, the chief financial officer now directly owns 3,282 shares of the company's stock, valued at $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Myriam Curet sold 408 shares of the business's stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the sale, the executive vice president now owns 353 shares in the company, valued at approximately $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,077 shares of company stock worth $4,620,025 over the last quarter. 0.80% of the stock is currently owned by company 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.