Fisher Funds Management LTD Acquires New Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Fisher Funds Management LTD purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 166,158 shares of the medical equipment provider’s stock, valued at approximately $86,676,000. Intuitive Surgical comprises approximately 2.1% of Fisher Funds Management LTD’s holdings, making the stock its 15th largest position.

Other hedge funds have also modified their holdings of the company. Pinnacle Financial Partners Inc boosted its holdings in Intuitive Surgical by 3.7% in the fourth quarter. Pinnacle Financial Partners Inc now owns 23,329 shares of the medical equipment provider’s stock valued at $12,177,000 after acquiring an additional 837 shares during the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in Intuitive Surgical by 1.7% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 41,908 shares of the medical equipment provider’s stock worth $21,874,000 after acquiring an additional 719 shares during the period. Compass Capital Corp MA ADV purchased a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $506,000. Centricity Wealth Management LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter worth $47,000. Finally, Tandem Investment Advisors Inc. lifted its holdings in Intuitive Surgical by 1.9% in the 4th quarter. Tandem Investment Advisors Inc. now owns 9,954 shares of the medical equipment provider’s stock worth $5,196,000 after buying an additional 182 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price target on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. CICC Research started coverage on shares of Intuitive Surgical in a report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price target on the stock. Citigroup increased their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Bernstein Bank lifted their price target on Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, 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 note on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,967,734. This trade represents a 6.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Myriam Curet sold 408 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total value of $240,618.00. Following the sale, the executive vice president now directly owns 353 shares in the company, valued at $208,181.75. This trade represents a 53.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,348 shares of company stock worth $3,587,582 over the last ninety days. Company insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Down 2.4 %

Shares of NASDAQ:ISRG opened at $591.79 on Friday. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00. The firm has a market cap of $210.78 billion, a P/E ratio of 92.32, a P/E/G ratio of 5.85 and a beta of 1.39. The company has a 50 day moving average of $565.45 and a 200-day moving average of $525.06.

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.