Harvest Fund Management Co. Ltd Boosts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Harvest Fund Management Co. Ltd boosted its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 35.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,400 shares of the medical equipment provider’s stock after acquiring an additional 8,246 shares during the period. Intuitive Surgical accounts for 0.7% of Harvest Fund Management Co. Ltd’s holdings, making the stock its 20th biggest position. Harvest Fund Management Co. Ltd’s holdings in Intuitive Surgical were worth $16,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its holdings in shares of Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after buying an additional 92 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 9,194 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Intuitive Surgical in the third quarter worth $173,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Intuitive Surgical in the third quarter worth $33,000. Finally, Pathstone Holdings LLC raised its holdings in shares of Intuitive Surgical by 2.6% in the third quarter. Pathstone Holdings LLC now owns 48,928 shares of the medical equipment provider’s stock worth $24,037,000 after buying an additional 1,228 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $670.00 price target (up previously from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. JPMorgan Chase & Co. raised their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Erste Group Bank downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday. Citigroup boosted their target price on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada boosted their target price on shares of Intuitive Surgical from $611.00 to $641.00 in a research report 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, the company has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Insider Transactions at Intuitive Surgical

In related news, EVP Brian Edward Miller sold 8,900 shares of the business’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 transaction, the executive vice president now directly owns 5,758 shares in the company, valued at approximately $2,793,033.06. The trade was a 60.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 11,545 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the transaction, the executive vice president now owns 5,224 shares in the company, valued at $2,607,925.28. The trade was a 68.85 % 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. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 1.0 %

ISRG stock opened at $483.95 on Wednesday. The stock has a market capitalization of $172.37 billion, a P/E ratio of 75.50, a P/E/G ratio of 5.85 and a beta of 1.43. The firm has a 50-day simple moving average of $565.43 and a 200-day simple moving average of $531.90. Intuitive Surgical, Inc. has a 52 week low of $364.17 and a 52 week high of $616.00.

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.