Triodos Investment Management BV Has $47.52 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Triodos Investment Management BV cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,037 shares of the medical equipment provider’s stock after selling 12,700 shares during the quarter. Intuitive Surgical makes up about 3.8% of Triodos Investment Management BV’s investment portfolio, making the stock its 4th largest position. Triodos Investment Management BV’s holdings in Intuitive Surgical were worth $47,518,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth about $2,401,493,000. Proficio Capital Partners LLC raised its stake in shares of Intuitive Surgical by 89,098.8% in the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock valued at $495,845,000 after acquiring an additional 948,902 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth $313,769,000. Wilmington Savings Fund Society FSB boosted its stake in Intuitive Surgical by 15,322.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock valued at $272,980,000 after acquiring an additional 552,058 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Intuitive Surgical by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider’s stock worth $16,813,478,000 after buying an additional 360,591 shares during the period. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on ISRG. Evercore ISI raised their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Jefferies Financial Group boosted their price objective on shares of Intuitive Surgical from $475.00 to $575.00 in a research report on Monday, January 27th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Raymond James upped their price target on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Finally, Truist Financial decreased their target price on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a research report on Monday, March 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $611.86.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of the firm’s stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. This trade represents a 60.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 in the last quarter. 0.90% of the stock is owned by company insiders.

Intuitive Surgical Trading Down 0.2 %

NASDAQ ISRG opened at $507.90 on Friday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The business has a fifty day simple moving average of $558.29 and a 200 day simple moving average of $532.25. The firm has a market capitalization of $180.90 billion, a P/E ratio of 79.24, 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.