Rathbones Group PLC Sells 18,661 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Rathbones Group PLC lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 3.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 466,499 shares of the medical equipment provider’s stock after selling 18,661 shares during the period. Intuitive Surgical makes up approximately 1.2% of Rathbones Group PLC’s holdings, making the stock its 18th biggest holding. Rathbones Group PLC’s holdings in Intuitive Surgical were worth $243,494,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $25,000. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical during the fourth quarter worth $26,000. BankPlus Trust Department purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at $28,000. Hurley Capital LLC bought a new stake in Intuitive Surgical during the fourth quarter valued at about $28,000. Finally, Summit Securities Group LLC bought a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $30,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Jamie Samath sold 269 shares of the company’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 completion of the sale, the chief financial officer now owns 3,282 shares of the company’s stock, valued at $1,936,380. This represents a 7.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myriam Curet sold 408 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the completion of the transaction, the executive vice president now directly owns 353 shares in the company, valued at approximately $208,181.75. This represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,754 shares of company stock worth $17,691,621 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ISRG. CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price objective for the company. Robert W. Baird lowered 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. Royal Bank of Canada increased their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. UBS Group boosted their target price on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Intuitive Surgical Stock Down 8.7 %

ISRG stock opened at $451.58 on Monday. The stock has a market capitalization of $160.84 billion, a P/E ratio of 70.45, a P/E/G ratio of 5.85 and a beta of 1.55. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00. The firm has a 50-day simple moving average of $545.18 and a 200-day simple moving average of $533.00.

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.