TCW Group Inc. Sells 7,873 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

TCW Group Inc. lowered its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,347 shares of the medical equipment provider's stock after selling 7,873 shares during the period. Intuitive Surgical accounts for about 1.3% of TCW Group Inc.'s holdings, making the stock its 17th biggest position. TCW Group Inc. owned 0.08% of Intuitive Surgical worth $150,506,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fisher Funds Management LTD bought a new stake in Intuitive Surgical during the fourth quarter valued at approximately $86,676,000. Pinnacle Financial Partners Inc lifted its position in Intuitive Surgical by 3.7% during the fourth quarter. Pinnacle Financial Partners Inc now owns 23,329 shares of the medical equipment provider's stock valued at $12,177,000 after purchasing an additional 837 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its position in Intuitive Surgical by 1.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 41,908 shares of the medical equipment provider's stock valued at $21,874,000 after purchasing an additional 719 shares during the last quarter. Compass Capital Corp MA ADV bought a new stake in Intuitive Surgical during the fourth quarter valued at approximately $506,000. Finally, Centricity Wealth Management LLC bought a new stake in Intuitive Surgical during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ISRG shares. Jefferies Financial Group lifted their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Morgan Stanley upgraded shares of Intuitive Surgical from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $522.00 to $650.00 in a report on Monday, December 2nd. Leerink Partners boosted their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. CICC Research began coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a "neutral" rating and a $550.00 price objective for the company. Finally, Piper Sandler reiterated an "overweight" rating and set a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $613.10.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 408 shares of the company's stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total value of $240,618.00. Following the sale, the executive vice president now directly owns 353 shares of the company's stock, valued at $208,181.75. This represents a 53.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction dated 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 completion of the transaction, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,240 shares of company stock valued at $3,529,040 in the last three months. 0.80% of the stock is currently owned by company insiders.

Intuitive Surgical Stock Down 2.9 %

Shares of NASDAQ:ISRG traded down $17.27 during midday trading on Tuesday, reaching $573.74. The company's stock had a trading volume of 2,548,276 shares, compared to its average volume of 1,739,679. The firm has a 50 day moving average of $567.01 and a 200-day moving average of $527.27. The firm has a market capitalization of $204.35 billion, a P/E ratio of 89.51, a PEG ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

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.