Rathbones Group PLC Sells 18,661 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Rathbones Group PLC decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466,499 shares of the medical equipment provider's stock after selling 18,661 shares during the quarter. Intuitive Surgical accounts for about 1.2% of Rathbones Group PLC's investment portfolio, making the stock its 18th largest holding. Rathbones Group PLC owned approximately 0.13% of Intuitive Surgical worth $243,494,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ISRG. Atala Financial Inc acquired a new stake in Intuitive Surgical during the fourth quarter worth about $25,000. Hurley Capital LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $28,000. Berbice Capital Management LLC acquired a new position in Intuitive Surgical during the 4th quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in Intuitive Surgical in the fourth quarter worth $28,000. Finally, Summit Securities Group LLC bought a new stake in Intuitive Surgical in the fourth quarter valued at $30,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Erste Group Bank downgraded shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 17th. Truist Financial reduced their price objective on Intuitive Surgical from $666.00 to $605.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Barclays lifted their target price on Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Piper Sandler reissued an "overweight" rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Finally, Raymond James lifted their price objective on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an "outperform" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical presently has an average rating of "Moderate Buy" and an average price target of $611.86.

Intuitive Surgical Stock Up 0.8 %

Shares of NASDAQ:ISRG traded up $4.08 during trading on Friday, reaching $493.60. 2,842,153 shares of the company traded hands, compared to its average volume of 1,599,856. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The firm has a market cap of $175.81 billion, a P/E ratio of 77.00, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. The firm has a fifty day simple moving average of $532.72 and a 200 day simple moving average of $532.36.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 5,758 shares in the company, valued at $2,793,033.06. This trade represents a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $499.22, for a total value of $5,763,494.90. Following the sale, the executive vice president now owns 5,224 shares of the company's stock, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,754 shares of company stock valued at $17,691,621. Insiders own 0.70% of the company's stock.

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.