Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 282,103 shares of the medical equipment provider's stock after selling 40,355 shares during the period. Nomura Asset Management Co. Ltd. owned 0.08% of Intuitive Surgical worth $147,246,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ISRG. Vanguard Group Inc. increased its position in shares of Intuitive Surgical by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock worth $16,813,478,000 after purchasing an additional 360,591 shares during the last quarter. State Street Corp boosted its stake in shares of Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after purchasing an additional 210,363 shares during the period. Geode Capital Management LLC increased its position in shares of Intuitive Surgical by 1.9% in the third quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider's stock valued at $3,677,194,000 after acquiring an additional 143,440 shares during the period. Fisher Asset Management LLC raised its holdings in Intuitive Surgical by 1.8% in the 4th quarter. Fisher Asset Management LLC now owns 4,868,869 shares of the medical equipment provider's stock worth $2,541,356,000 after purchasing an additional 86,488 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $2,401,493,000. 83.64% of the stock is currently owned by institutional investors.

Remove Ads

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG traded down $1.40 during trading on Tuesday, reaching $493.87. 634,248 shares of the company were exchanged, compared to its average volume of 1,526,696. The business's fifty day simple moving average is $554.33 and its 200-day simple moving average is $532.98. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00. The firm has a market capitalization of $175.91 billion, a PE ratio of 77.31, a P/E/G ratio of 5.85 and a beta of 1.43.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ISRG. Bernstein Bank boosted 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. CICC Research initiated coverage on shares of Intuitive Surgical in a research report on Monday, January 27th. They issued a "neutral" rating and a $550.00 price target on the stock. Morgan Stanley upgraded Intuitive Surgical from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Erste Group Bank cut Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Monday, March 17th. Finally, Robert W. Baird decreased their price target on shares of Intuitive Surgical from $707.00 to $600.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $611.86.

Insiders Place Their Bets

In other Intuitive Surgical news, VP Fredrik Widman sold 810 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total value of $464,761.80. Following the completion of the sale, the vice president now directly owns 473 shares in the company, valued at $271,397.94. This trade represents a 63.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Brian Edward Miller sold 8,900 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total value of $4,317,123.00. Following the completion of the transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. The trade was a 60.72 % 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 worth $17,691,621 in the last ninety days. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Company 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.