Alpine Woods Capital Investors LLC Sells 50 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Alpine Woods Capital Investors LLC decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,081 shares of the medical equipment provider’s stock after selling 50 shares during the quarter. Intuitive Surgical makes up about 1.1% of Alpine Woods Capital Investors LLC’s investment portfolio, making the stock its 29th largest position. Alpine Woods Capital Investors LLC’s holdings in Intuitive Surgical were worth $5,784,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ISRG. M.E. Allison & CO. Inc. bought a new stake in shares of Intuitive Surgical during the fourth quarter worth $449,000. Seilern Investment Management Ltd bought a new stake in shares of Intuitive Surgical during the fourth quarter worth $82,517,000. Sycomore Asset Management raised its position in shares of Intuitive Surgical by 27.4% during the fourth quarter. Sycomore Asset Management now owns 18,945 shares of the medical equipment provider’s stock worth $9,214,000 after acquiring an additional 4,079 shares during the last quarter. Exome Asset Management LLC raised its position in shares of Intuitive Surgical by 16.8% during the third quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider’s stock worth $3,649,000 after acquiring an additional 1,069 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. raised its position in shares of Intuitive Surgical by 5.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider’s stock worth $5,138,000 after acquiring an additional 525 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of Intuitive Surgical stock opened at $476.78 on Friday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The business has a 50-day moving average of $568.47 and a two-hundred day moving average of $531.22. The company has a market capitalization of $169.82 billion, a P/E ratio of 74.38, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43.

Wall Street Analyst Weigh In

ISRG has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and set a $670.00 target price (up previously from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Royal Bank of Canada boosted their target price on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. UBS Group boosted their target price on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. Wells Fargo & Company lifted their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research note on Friday, January 24th. Finally, BTIG Research lifted their price objective on Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average target price of $613.10.

Insiders Place Their Bets

In related news, EVP Brian Edward Miller sold 8,900 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the transaction, the director now owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,209 shares of company stock worth $11,928,127 over the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

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.