Intuitive Surgical, Inc. (NASDAQ:ISRG) Position Lowered by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,020 shares of the medical equipment provider’s stock after selling 789 shares during the quarter. Yousif Capital Management LLC’s holdings in Intuitive Surgical were worth $27,674,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ISRG. E. Ohman J or Asset Management AB raised its stake in Intuitive Surgical by 2.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 30,072 shares of the medical equipment provider’s stock worth $15,696,000 after acquiring an additional 755 shares during the period. Mather Group LLC. increased its stake in shares of Intuitive Surgical by 10.1% in the fourth quarter. Mather Group LLC. now owns 2,195 shares of the medical equipment provider’s stock valued at $1,146,000 after purchasing an additional 202 shares during the period. Brown Lisle Cummings Inc. increased its stake in shares of Intuitive Surgical by 16.7% in the fourth quarter. Brown Lisle Cummings Inc. now owns 1,862 shares of the medical equipment provider’s stock valued at $972,000 after purchasing an additional 266 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $251,000. Finally, Commonwealth Financial Services LLC increased its stake in shares of Intuitive Surgical by 5.0% in the fourth quarter. Commonwealth Financial Services LLC now owns 551 shares of the medical equipment provider’s stock valued at $288,000 after purchasing an additional 26 shares during the period. Institutional investors own 83.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ISRG shares. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Evercore ISI raised their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Royal Bank of Canada raised their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Finally, Mizuho raised their price objective on shares of Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. One investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Stock Performance

Intuitive Surgical stock opened at $579.65 on Wednesday. The company has a 50 day moving average price of $551.24 and a 200 day moving average price of $511.16. 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 $206.46 billion, a price-to-earnings ratio of 90.43, a P/E/G ratio of 5.51 and a beta of 1.39.

Insider Buying and Selling

In other news, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, the director now owns 12,275 shares in the company, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jamie Samath sold 22,903 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the transaction, the insider now owns 8,757 shares in the company, valued at $4,597,425. This represents a 72.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,843 shares of company stock valued at $15,357,560. Company insiders own 0.80% 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.