Intuitive Surgical, Inc. (NASDAQ:ISRG) Stock Position Lessened by Ithaka Group LLC

Ithaka Group LLC lessened its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,248 shares of the medical equipment provider’s stock after selling 2,693 shares during the quarter. Intuitive Surgical comprises about 4.0% of Ithaka Group LLC’s investment portfolio, making the stock its 10th biggest holding. Ithaka Group LLC’s holdings in Intuitive Surgical were worth $21,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Howard Capital Management Group LLC lifted its stake in shares of Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Intuitive Surgical by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after purchasing an additional 9,194 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in shares of Intuitive Surgical by 13.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 786 shares of the medical equipment provider’s stock worth $386,000 after purchasing an additional 95 shares during the period. Apollon Wealth Management LLC lifted its stake in shares of Intuitive Surgical by 2.2% in the 3rd quarter. Apollon Wealth Management LLC now owns 10,536 shares of the medical equipment provider’s stock worth $5,176,000 after purchasing an additional 228 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of Intuitive Surgical by 2.6% in the 3rd quarter. Harbour Investments Inc. now owns 1,512 shares of the medical equipment provider’s stock worth $743,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

ISRG stock opened at $497.30 on Thursday. The firm has a fifty day moving average price of $569.42 and a 200 day moving average price of $531.60. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00. The firm has a market cap of $177.13 billion, a PE ratio of 77.58, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, CFO Jamie Samath sold 269 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $590.00, for a total transaction of $158,710.00. Following the transaction, the chief financial officer now owns 3,282 shares in the company, valued at $1,936,380. The trade was a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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 in the company, valued at $2,793,033.06. This trade represents a 60.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,209 shares of company stock valued at $11,928,127. 0.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ISRG. Wells Fargo & Company increased their price objective on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Royal Bank of Canada raised their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. Evercore ISI raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $613.10.

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.