EFG Asset Management North America Corp. Sells 1,897 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

EFG Asset Management North America Corp. reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,654 shares of the medical equipment provider’s stock after selling 1,897 shares during the quarter. Intuitive Surgical comprises 1.3% of EFG Asset Management North America Corp.’s investment portfolio, making the stock its 8th biggest holding. EFG Asset Management North America Corp.’s holdings in Intuitive Surgical were worth $9,739,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ISRG. Atala Financial Inc purchased a new position in Intuitive Surgical in the fourth quarter valued at about $25,000. Berbice Capital Management LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $26,000. BankPlus Trust Department purchased a new position in Intuitive Surgical in the 4th quarter valued at approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in Intuitive Surgical during the fourth quarter worth $31,000. Finally, Decker Retirement Planning Inc. purchased a new stake in Intuitive Surgical during the fourth quarter worth $36,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Intuitive Surgical

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 transaction, the vice president now owns 473 shares of the company’s stock, valued at approximately $271,397.94. This trade represents a 63.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian Edward Miller sold 8,900 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the sale, the executive vice president now directly owns 5,758 shares of the company’s stock, valued at approximately $2,793,033.06. This trade represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,754 shares of company stock worth $17,691,621. 0.90% of the stock is owned by insiders.

Intuitive Surgical Stock Up 3.3 %

Shares of ISRG opened at $508.58 on Tuesday. The firm has a market cap of $181.15 billion, a PE ratio of 79.34, a price-to-earnings-growth ratio of 5.85 and a beta of 1.43. The company’s fifty day moving average is $561.62 and its two-hundred day moving average is $532.25. 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 research analysts have recently weighed in on the company. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. BTIG Research lifted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Truist Financial reduced their price target on shares of Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Royal Bank of Canada lifted their price objective on Intuitive Surgical from $611.00 to $641.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their target price on Intuitive Surgical from $575.00 to $675.00 and gave the company an “overweight” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $611.86.

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.