Brown Brothers Harriman & Co. Increases Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Brown Brothers Harriman & Co. grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 26.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,373 shares of the medical equipment provider’s stock after purchasing an additional 714 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Intuitive Surgical were worth $1,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ISRG. DnB Asset Management AS boosted its stake in shares of Intuitive Surgical by 8.0% during the 4th quarter. DnB Asset Management AS now owns 100,531 shares of the medical equipment provider’s stock worth $52,473,000 after acquiring an additional 7,406 shares during the last quarter. Alerus Financial NA grew its holdings in Intuitive Surgical by 177.1% during the fourth quarter. Alerus Financial NA now owns 9,678 shares of the medical equipment provider’s stock valued at $5,052,000 after purchasing an additional 6,186 shares during the period. Level Four Advisory Services LLC increased its position in Intuitive Surgical by 18.3% in the fourth quarter. Level Four Advisory Services LLC now owns 894 shares of the medical equipment provider’s stock worth $467,000 after buying an additional 138 shares in the last quarter. Vertex Planning Partners LLC raised its stake in shares of Intuitive Surgical by 3.7% in the fourth quarter. Vertex Planning Partners LLC now owns 851 shares of the medical equipment provider’s stock worth $444,000 after buying an additional 30 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Intuitive Surgical by 1.6% during the 4th quarter. Orion Portfolio Solutions LLC now owns 13,059 shares of the medical equipment provider’s stock valued at $6,816,000 after buying an additional 204 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ISRG shares. Citigroup lifted their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a report on Friday, January 24th. Robert W. Baird cut their price target on Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating for the company in a research note on Tuesday, March 18th. Raymond James boosted their price objective on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Evercore ISI increased their target price on Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group boosted their price target on Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the completion of the transaction, the executive vice president now owns 5,224 shares in the company, valued at $2,607,925.28. The trade was a 68.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Edward Miller sold 8,900 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $2,793,033.06. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,754 shares of company stock valued at $17,691,621. Company insiders own 0.70% of the company’s stock.

Intuitive Surgical Stock Down 3.2 %

NASDAQ ISRG opened at $491.84 on Friday. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The firm has a market capitalization of $175.18 billion, a price-to-earnings ratio of 76.73, a PEG ratio of 5.85 and a beta of 1.43. The company has a fifty day moving average of $556.28 and a two-hundred day moving average of $532.68.

Intuitive Surgical 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.