Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by GQG Partners LLC

GQG Partners LLC boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 42.5% during the fourth quarter, Holdings Channel reports. The firm owned 1,145,300 shares of the medical equipment provider’s stock after buying an additional 341,812 shares during the quarter. GQG Partners LLC’s holdings in Intuitive Surgical were worth $597,801,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Atala Financial Inc acquired a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical in the 4th quarter valued at approximately $26,000. BankPlus Trust Department acquired a new stake in Intuitive Surgical during the 4th quarter valued at $28,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at $31,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at $36,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ISRG has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and set a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Stifel Nicolaus upped their price target on Intuitive Surgical from $525.00 to $610.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Bernstein Bank upped their price target on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Citigroup raised their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Robert W. Baird decreased their price target on Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating for the company in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Activity

In other Intuitive Surgical news, Director Amal M. Johnson sold 4,635 shares of the business’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 completion of the sale, the director now owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 11,545 shares of the firm’s stock in a transaction dated 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 approximately $2,607,925.28. The trade was a 68.85 % 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 worth $17,691,621. 0.90% of the stock is currently owned by insiders.

Intuitive Surgical Stock Up 3.3 %

Shares of NASDAQ ISRG opened at $508.58 on Tuesday. The stock’s 50 day moving average price is $561.62 and its two-hundred day moving average price is $532.25. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The stock has a market capitalization of $181.15 billion, a P/E ratio of 79.34, a PEG ratio of 5.85 and a beta of 1.43.

Intuitive Surgical Company 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.