Jump Financial LLC Acquires 33,252 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Jump Financial LLC increased its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 337.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,109 shares of the medical equipment provider's stock after purchasing an additional 33,252 shares during the quarter. Jump Financial LLC's holdings in Intuitive Surgical were worth $22,501,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Rench Wealth Management Inc. grew its stake in shares of Intuitive Surgical by 4.7% during the 4th quarter. Rench Wealth Management Inc. now owns 14,546 shares of the medical equipment provider's stock worth $7,592,000 after acquiring an additional 650 shares during the period. Guggenheim Capital LLC raised its position in shares of Intuitive Surgical by 2.8% in the fourth quarter. Guggenheim Capital LLC now owns 100,276 shares of the medical equipment provider's stock valued at $52,340,000 after purchasing an additional 2,739 shares during the period. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Intuitive Surgical during the fourth quarter worth $3,409,000. CreativeOne Wealth LLC grew its position in shares of Intuitive Surgical by 87.8% in the fourth quarter. CreativeOne Wealth LLC now owns 4,986 shares of the medical equipment provider's stock valued at $2,602,000 after purchasing an additional 2,331 shares in the last quarter. Finally, Mariner LLC lifted its holdings in Intuitive Surgical by 5.1% during the 4th quarter. Mariner LLC now owns 89,122 shares of the medical equipment provider's stock worth $46,520,000 after purchasing an additional 4,327 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Insider Buying and Selling

In related news, Director Amal M. Johnson sold 4,635 shares of Intuitive Surgical 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 sale, the director now owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Robert Desantis sold 11,545 shares of the business's stock in a transaction 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 transaction, the executive vice president now directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,754 shares of company stock valued at $17,691,621 over the last ninety days. 0.70% of the stock is owned by insiders.

Intuitive Surgical Price Performance

Intuitive Surgical stock traded up $1.40 during trading hours on Friday, reaching $482.74. The stock had a trading volume of 1,618,989 shares, compared to its average volume of 1,589,481. The stock has a market cap of $171.94 billion, a PE ratio of 75.31, a PEG ratio of 5.85 and a beta of 1.55. The company has a fifty day simple moving average of $522.23 and a 200-day simple moving average of $532.34. Intuitive Surgical, Inc. has a 52 week low of $364.31 and a 52 week high of $616.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ISRG shares. Leerink Partners upped their price target on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Truist Financial decreased their price target on shares of Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Erste Group Bank lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Jefferies Financial Group boosted their price objective on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada boosted their price target on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $611.81.

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.