Kentucky Retirement Systems Insurance Trust Fund Sells 9,154 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kentucky Retirement Systems Insurance Trust Fund lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 87.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,348 shares of the medical equipment provider's stock after selling 9,154 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund's holdings in Intuitive Surgical were worth $704,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. M.E. Allison & CO. Inc. bought a new stake in shares of Intuitive Surgical during the 4th quarter valued at about $449,000. Seilern Investment Management Ltd bought a new stake in shares of Intuitive Surgical during the 4th quarter valued at about $82,517,000. Sycomore Asset Management boosted its position in shares of Intuitive Surgical by 27.4% during the 4th quarter. Sycomore Asset Management now owns 18,945 shares of the medical equipment provider's stock valued at $9,214,000 after acquiring an additional 4,079 shares during the last quarter. Exome Asset Management LLC boosted its position in shares of Intuitive Surgical by 16.8% during the 3rd quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider's stock valued at $3,649,000 after acquiring an additional 1,069 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. boosted its position in shares of Intuitive Surgical by 5.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider's stock valued at $5,138,000 after acquiring an additional 525 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of research analyst reports. CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a "neutral" rating and a $550.00 price target for the company. BTIG Research boosted their target price on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Piper Sandler restated an "overweight" rating and issued a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Royal Bank of Canada boosted their target price on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their target price on Intuitive Surgical from $575.00 to $675.00 and gave the stock an "overweight" rating in a research report on Friday, January 24th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $613.10.

Insider Activity

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 transaction, the director now directly owns 12,275 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jamie Samath sold 269 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $590.00, for a total value of $158,710.00. Following the completion of the sale, the chief financial officer now directly owns 3,282 shares in the company, valued at approximately $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,348 shares of company stock valued at $3,587,582. Company insiders own 0.90% of the company's stock.

Intuitive Surgical Trading Down 2.4 %

ISRG stock traded down $14.78 during midday trading on Friday, hitting $591.79. The company had a trading volume of 1,673,828 shares, compared to its average volume of 1,567,754. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The stock's 50 day moving average price is $565.45 and its 200 day moving average price is $525.06. The stock has a market cap of $210.78 billion, a price-to-earnings ratio of 92.32, a PEG ratio of 5.85 and a beta of 1.39.

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.