Wellington Management Group LLP Reduces Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Wellington Management Group LLP reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,041,972 shares of the medical equipment provider’s stock after selling 73,052 shares during the quarter. Wellington Management Group LLP owned 0.85% of Intuitive Surgical worth $1,587,788,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC increased its position in shares of Intuitive Surgical by 4.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares during the last quarter. Principal Financial Group Inc. grew its stake in Intuitive Surgical by 1.5% in the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock worth $295,938,000 after purchasing an additional 9,194 shares in the last quarter. Cobblestone Capital Advisors LLC NY raised its stake in Intuitive Surgical by 9.3% during the third quarter. Cobblestone Capital Advisors LLC NY now owns 1,340 shares of the medical equipment provider’s stock valued at $658,000 after buying an additional 114 shares in the last quarter. Erste Asset Management GmbH bought a new position in Intuitive Surgical during the 3rd quarter worth approximately $39,377,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $4,397,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ISRG. UBS Group raised their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Royal Bank of Canada boosted their price objective on shares of Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Citigroup raised their target price on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Stifel Nicolaus upped their target price on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Truist Financial cut their price target on Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating on the stock in a report on Monday, March 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $491.84 on Monday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The firm has a market cap of $175.18 billion, a P/E ratio of 76.73, a PEG ratio of 5.85 and a beta of 1.43. The stock has a fifty day moving average price of $556.28 and a two-hundred day moving average price of $532.97.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 94 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total value of $53,684.34. Following the sale, the chief financial officer now directly owns 2,630 shares in the company, valued at $1,502,019.30. The trade was a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Edward Miller sold 8,900 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 5,758 shares of the company’s stock, valued at $2,793,033.06. The trade was a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock valued at $17,691,621 over the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

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.