Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd raised its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 35.6% during the 4th quarter, HoldingsChannel.com reports. The firm 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 about 0.7% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 20th largest position. Harvest Fund Management Co. Ltd’s holdings in Intuitive Surgical were worth $16,265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Atala Financial Inc acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $26,000. BankPlus Trust Department acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $31,000. Finally, MidAtlantic Capital Management Inc. acquired a new position in shares of Intuitive Surgical in the 3rd quarter worth approximately $33,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, VP Fredrik Widman sold 810 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total value of $464,761.80. Following the completion of the sale, the vice president now owns 473 shares in the company, valued at approximately $271,397.94. This trade represents a 63.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the sale, the director now owns 12,275 shares of the company’s stock, valued at $6,955,015. This trade represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 in the last 90 days. Company insiders own 0.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ISRG shares. Barclays upped their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Leerink Partners increased their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. CICC Research began coverage on shares of Intuitive Surgical in a research report on Monday, January 27th. They issued a “neutral” rating and a $550.00 price objective on the stock. Bernstein Bank increased their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Erste Group Bank downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $611.86.

Intuitive Surgical Price Performance

Shares of NASDAQ:ISRG opened at $483.95 on Wednesday. The stock has a market cap 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 fifty day moving average price of $565.43 and a 200 day moving average price of $531.90. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00.

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.