Taikang Asset Management Hong Kong Co Ltd Sells 17,262 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Taikang Asset Management Hong Kong Co Ltd cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 50.0% in the fourth quarter, HoldingsChannel reports. The firm owned 17,262 shares of the medical equipment provider’s stock after selling 17,262 shares during the period. Intuitive Surgical accounts for approximately 1.3% of Taikang Asset Management Hong Kong Co Ltd’s portfolio, making the stock its 19th biggest holding. Taikang Asset Management Hong Kong Co Ltd’s holdings in Intuitive Surgical were worth $9,010,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ISRG. Vanguard Group Inc. raised its position in shares of Intuitive Surgical by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider’s stock valued at $16,813,478,000 after purchasing an additional 360,591 shares during the period. State Street Corp grew its stake in Intuitive Surgical by 1.4% in the 3rd quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider’s stock valued at $7,393,673,000 after buying an additional 210,363 shares during the last quarter. FMR LLC raised its holdings in Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after acquiring an additional 838,793 shares during the period. Geode Capital Management LLC lifted its position in Intuitive Surgical by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider’s stock worth $3,677,194,000 after acquiring an additional 143,440 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in Intuitive Surgical by 1.8% during the fourth quarter. Fisher Asset Management LLC now owns 4,868,869 shares of the medical equipment provider’s stock valued at $2,541,356,000 after acquiring an additional 86,488 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Price Performance

Intuitive Surgical stock opened at $508.58 on Tuesday. The firm has a market capitalization of $181.15 billion, a P/E ratio of 79.34, a P/E/G ratio of 5.85 and a beta of 1.43. The stock has a fifty day moving average price of $561.62 and a two-hundred day moving average price of $532.25. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

Analyst Ratings Changes

A number of equities analysts have recently commented on ISRG shares. Leerink Partners lifted their price objective on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Royal Bank of Canada upped their price target on Intuitive Surgical from $611.00 to $641.00 in a report on Monday, January 27th. Truist Financial lowered their price objective on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Stifel Nicolaus upped their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Jefferies Financial Group raised their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Buying and Selling

In other news, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction that occurred 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 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 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 quarter. 0.90% of the stock is owned by corporate 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.