CX Institutional Decreases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

CX Institutional trimmed its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,825 shares of the medical equipment provider’s stock after selling 48 shares during the period. CX Institutional’s holdings in Intuitive Surgical were worth $953,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. AQR Capital Management LLC raised its position in shares of Intuitive Surgical by 12.6% in the 2nd quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock valued at $18,958,000 after purchasing an additional 4,775 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of Intuitive Surgical in the 2nd quarter valued at approximately $29,776,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of Intuitive Surgical by 11.2% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 4,431 shares of the medical equipment provider’s stock valued at $1,971,000 after purchasing an additional 446 shares during the last quarter. MidWestOne Financial Group Inc. raised its position in shares of Intuitive Surgical by 5.4% in the 2nd quarter. MidWestOne Financial Group Inc. now owns 777 shares of the medical equipment provider’s stock valued at $346,000 after purchasing an additional 40 shares during the last quarter. Finally, Rockport Wealth LLC raised its position in shares of Intuitive Surgical by 7.2% in the 2nd quarter. Rockport Wealth LLC now owns 61,472 shares of the medical equipment provider’s stock valued at $27,346,000 after purchasing an additional 4,104 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $584.05 on Friday. The company’s fifty day moving average price is $547.16 and its 200 day moving average price is $504.35. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The stock has a market capitalization of $208.03 billion, a P/E ratio of 93.90, a P/E/G ratio of 5.19 and a beta of 1.39.

Analysts Set New Price Targets

ISRG has been the subject of several research analyst reports. Evercore ISI reaffirmed a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday. The Goldman Sachs Group set a $604.00 price target on shares of Intuitive Surgical in a report on Friday, October 18th. JPMorgan Chase & Co. increased their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird increased their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $583.83.

Insider Buying and Selling at Intuitive Surgical

In other news, CEO Gary S. Guthart sold 18,151 shares of Intuitive Surgical stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total transaction of $9,286,596.13. Following the transaction, the chief executive officer now owns 24,219 shares in the company, valued at $12,391,166.97. The trade was a 42.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction on Monday, November 11th. The stock was sold at an average price of $539.89, for a total value of $145,230.41. Following the transaction, the insider now owns 8,757 shares in the company, valued at approximately $4,727,816.73. This represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,475 shares of company stock worth $22,070,807. Corporate insiders own 0.90% of the company’s stock.

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.