Black Swift Group LLC Sells 2,000 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Black Swift Group LLC lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,600 shares of the medical equipment provider’s stock after selling 2,000 shares during the period. Black Swift Group LLC’s holdings in Intuitive Surgical were worth $2,401,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Massachusetts Financial Services Co. MA bought a new stake in shares of Intuitive Surgical during the third quarter worth about $558,807,000. Proficio Capital Partners LLC boosted its stake in 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 during the last quarter. FMR LLC boosted its stake in Intuitive Surgical by 8.3% in the third quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock valued at $5,389,765,000 after acquiring an additional 838,793 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at approximately $313,769,000. Finally, Wilmington Savings Fund Society FSB lifted its stake in shares of Intuitive Surgical by 15,322.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock valued at $272,980,000 after buying an additional 552,058 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity

In other news, CFO Jamie Samath sold 94 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the completion of the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at approximately $1,502,019.30. The trade was a 3.45 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Fredrik Widman sold 810 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total value of $464,761.80. Following the transaction, the vice president now owns 473 shares of the company’s stock, valued at $271,397.94. This represents a 63.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,598 shares of company stock valued at $7,223,467 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group increased their price target on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday, January 27th. UBS Group raised 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. Barclays lifted their price target on shares of Intuitive Surgical from $610.00 to $674.00 in a research report on Monday, January 27th. Truist Financial boosted their price objective on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $522.00 to $650.00 in a report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Up 1.8 %

Intuitive Surgical stock opened at $568.02 on Thursday. The stock has a market cap of $202.32 billion, a PE ratio of 88.61, a P/E/G ratio of 5.85 and a beta of 1.43. The stock has a 50-day moving average price of $571.70 and a 200 day moving average price of $530.90. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

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.