Massachusetts Financial Services Co. MA Has $561.19 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Massachusetts Financial Services Co. MA lowered its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,075,163 shares of the medical equipment provider’s stock after selling 62,312 shares during the period. Massachusetts Financial Services Co. MA owned about 0.30% of Intuitive Surgical worth $561,192,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Meeder Advisory Services Inc. boosted its position in Intuitive Surgical by 4.9% in the 4th quarter. Meeder Advisory Services Inc. now owns 7,750 shares of the medical equipment provider’s stock valued at $4,045,000 after buying an additional 364 shares during the last quarter. Groupama Asset Managment boosted its stake in Intuitive Surgical by 27.8% during the 4th quarter. Groupama Asset Managment now owns 66,706 shares of the medical equipment provider’s stock worth $35,151,000 after acquiring an additional 14,510 shares during the last quarter. Trexquant Investment LP acquired a new stake in Intuitive Surgical during the 4th quarter worth $9,301,000. Geode Capital Management LLC lifted its holdings in shares of Intuitive Surgical by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,756,727 shares of the medical equipment provider’s stock valued at $4,039,200,000 after purchasing an additional 243,802 shares in the last quarter. Finally, National Wealth Management Group LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at approximately $436,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock opened at $507.05 on Thursday. The company has a fifty day moving average of $550.11 and a 200 day moving average of $532.84. The company has a market capitalization of $180.60 billion, a P/E ratio of 79.10, a P/E/G ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a fifty-two week low of $364.17 and a fifty-two week high of $616.00.

Analysts Set New Price Targets

A number of equities analysts have weighed in on ISRG shares. Truist Financial lowered their price target on Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Raymond James boosted their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Evercore ISI boosted their target price on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Erste Group Bank cut shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 17th. Finally, Barclays lifted their price objective on Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $611.86.

Insider Buying and Selling

In related news, Director Amal M. Johnson sold 4,635 shares of the business’s 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 sale, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of the stock in a transaction that occurred 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 directly owns 5,224 shares in the company, valued at approximately $2,607,925.28. This trade represents a 68.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,754 shares of company stock worth $17,691,621. 0.70% of the stock is owned by corporate insiders.

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.