Bessemer Group Inc. Has $174.01 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Bessemer Group Inc. trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 333,379 shares of the medical equipment provider's stock after selling 8,125 shares during the period. Bessemer Group Inc. owned approximately 0.09% of Intuitive Surgical worth $174,011,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ISRG. Norges Bank bought a new stake in Intuitive Surgical in the fourth quarter worth about $2,401,493,000. Proficio Capital Partners LLC raised its holdings in shares of Intuitive Surgical by 89,098.8% in the 4th quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock worth $495,845,000 after purchasing an additional 948,902 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Intuitive Surgical during the fourth quarter valued at approximately $313,769,000. Wilmington Savings Fund Society FSB boosted its holdings in Intuitive Surgical by 15,322.2% during the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider's stock worth $272,980,000 after buying an additional 552,058 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Intuitive Surgical by 1.1% during the 4th quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock worth $16,813,478,000 after acquiring an additional 360,591 shares in the last quarter. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Price Performance

Shares of NASDAQ ISRG traded down $1.26 during trading hours on Monday, hitting $492.34. 469,111 shares of the company's stock were exchanged, compared to its average volume of 1,595,982. The company's 50-day moving average price is $532.72 and its 200-day moving average price is $532.68. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The stock has a market capitalization of $175.36 billion, a price-to-earnings ratio of 76.81, a PEG ratio of 5.85 and a beta of 1.55.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ISRG. UBS Group upped their target price on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a report on Monday, January 27th. Truist Financial reduced their price objective on shares of Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating for the company in a research note on Monday, March 17th. CICC Research started coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They set a "neutral" rating and a $550.00 price target on the stock. Barclays raised their price objective on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Finally, Erste Group Bank downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $611.86.

Insiders Place Their Bets

In other news, Director Amal M. Johnson sold 4,635 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian Edward Miller sold 8,900 shares of Intuitive Surgical stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the sale, the executive vice president now owns 5,758 shares in the company, valued at $2,793,033.06. This represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 33,754 shares of company stock valued at $17,691,621 in the last three months. Company insiders own 0.70% of the company's stock.

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.