Picton Mahoney Asset Management Has $24.01 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Picton Mahoney Asset Management cut its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,990 shares of the medical equipment provider’s stock after selling 2,657 shares during the period. Intuitive Surgical accounts for approximately 0.7% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 26th biggest holding. Picton Mahoney Asset Management’s holdings in Intuitive Surgical were worth $24,005,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in ISRG. Atala Financial Inc bought a new position in Intuitive Surgical in the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Intuitive Surgical in the 4th quarter valued at about $26,000. BankPlus Trust Department bought a new position in Intuitive Surgical in the 4th quarter valued at about $28,000. Kohmann Bosshard Financial Services LLC bought a new position in Intuitive Surgical in the 4th quarter valued at about $31,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Intuitive Surgical in the 3rd quarter valued at about $33,000. Institutional investors own 83.64% of the company’s stock.

Insider Activity

In other news, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were 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 directly owns 5,224 shares in the company, valued at $2,607,925.28. The trade was a 68.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were 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 owns 5,758 shares of the company’s stock, valued at $2,793,033.06. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock worth $17,691,621 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

ISRG has been the topic of several recent research reports. Truist Financial raised their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. BTIG Research lifted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, Raymond James lifted their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Price Performance

ISRG opened at $484.44 on Friday. The company has a fifty day moving average price of $567.46 and a 200-day moving average price of $531.26. The firm has a market capitalization of $172.55 billion, a P/E ratio of 75.58, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a one year low of $364.17 and a one year high of $616.00.

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.