Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Simplify Asset Management Inc.

Simplify Asset Management Inc. trimmed its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 41.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,487 shares of the medical equipment provider’s stock after selling 9,743 shares during the period. Intuitive Surgical accounts for 0.3% of Simplify Asset Management Inc.’s holdings, making the stock its 16th biggest holding. Simplify Asset Management Inc.’s holdings in Intuitive Surgical were worth $7,040,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new stake in Intuitive Surgical during the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $31,000. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Intuitive Surgical during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

ISRG has been the topic of several analyst reports. CICC Research assumed coverage on shares of Intuitive Surgical in a research report on Monday, January 27th. They set a “neutral” rating and a $550.00 price target on the stock. Stifel Nicolaus raised their target price on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Leerink Partners lifted their price target on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price target on Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Finally, Jefferies Financial Group boosted their price objective on Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $611.86.

Intuitive Surgical Trading Up 0.1 %

ISRG stock opened at $492.49 on Friday. The firm has a 50-day moving average of $562.24 and a two-hundred day moving average of $531.67. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The company has a market cap of $175.41 billion, a price-to-earnings ratio of 76.83, a PEG ratio of 5.85 and a beta of 1.43.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 11,545 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total value of $5,763,494.90. Following the completion of the sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at $2,607,925.28. This trade represents a 68.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of Intuitive Surgical stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value 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 represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,754 shares of company stock valued at $17,691,621. 0.90% of the stock is currently owned by insiders.

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.