Rhenman & Partners Asset Management AB Buys 1,000 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Rhenman & Partners Asset Management AB increased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,000 shares of the medical equipment provider’s stock after purchasing an additional 1,000 shares during the quarter. Intuitive Surgical accounts for approximately 3.4% of Rhenman & Partners Asset Management AB’s holdings, making the stock its 4th biggest position. Rhenman & Partners Asset Management AB’s holdings in Intuitive Surgical were worth $33,405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC increased its position in Intuitive Surgical by 4.5% during 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 period. Principal Financial Group Inc. boosted its stake 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 valued at $295,938,000 after buying an additional 9,194 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in Intuitive Surgical by 1.9% during the third quarter. Integrated Wealth Concepts LLC now owns 4,821 shares of the medical equipment provider’s stock worth $2,369,000 after acquiring an additional 90 shares during the period. IHT Wealth Management LLC raised its position in Intuitive Surgical by 33.8% in the third quarter. IHT Wealth Management LLC now owns 2,427 shares of the medical equipment provider’s stock worth $1,188,000 after acquiring an additional 613 shares in the last quarter. Finally, Quarry LP lifted its holdings in Intuitive Surgical by 320.0% in the third quarter. Quarry LP now owns 483 shares of the medical equipment provider’s stock valued at $237,000 after acquiring an additional 368 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ISRG. Robert W. Baird lowered their price target on shares of Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 18th. Raymond James upped their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. Leerink Partners boosted their price target on Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. Finally, Citigroup raised their price objective on Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $611.86.

Intuitive Surgical Stock Down 8.7 %

ISRG stock opened at $451.58 on Friday. The stock has a market capitalization of $160.84 billion, a price-to-earnings ratio of 70.45, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. The stock’s fifty day simple moving average is $545.18 and its 200-day simple moving average is $532.30. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at $2,793,033.06. The trade was a 60.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 11,545 shares of the stock in a transaction 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 $2,607,925.28. This trade represents 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 worth $17,691,621 in the last 90 days. 0.70% of the stock is owned by company 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.