WCM Investment Management LLC lowered its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,186,662 shares of the medical equipment provider's stock after selling 14,649 shares during the quarter. Intuitive Surgical makes up 1.5% of WCM Investment Management LLC's investment portfolio, making the stock its 28th largest holding. WCM Investment Management LLC owned about 0.33% of Intuitive Surgical worth $625,323,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. M.E. Allison & CO. Inc. purchased a new position in Intuitive Surgical in the 4th quarter worth about $449,000. Seilern Investment Management Ltd acquired a new stake in Intuitive Surgical during the 4th quarter worth about $82,517,000. Exome Asset Management LLC boosted its position in Intuitive Surgical by 16.8% during the 3rd quarter. Exome Asset Management LLC now owns 7,427 shares of the medical equipment provider's stock worth $3,649,000 after acquiring an additional 1,069 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in Intuitive Surgical by 5.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 9,843 shares of the medical equipment provider's stock worth $5,138,000 after acquiring an additional 525 shares during the period. Finally, Consolidated Planning Corp boosted its position in Intuitive Surgical by 17.4% during the 3rd quarter. Consolidated Planning Corp now owns 8,099 shares of the medical equipment provider's stock worth $3,979,000 after acquiring an additional 1,198 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.
Shares of NASDAQ ISRG opened at $582.98 on Friday. The business's 50 day moving average is $554.85 and its two-hundred day moving average is $513.96. The company has a market cap of $207.65 billion, a P/E ratio of 90.95, a P/E/G ratio of 5.67 and a beta of 1.39. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00.
A number of equities research analysts have commented on the company. Oppenheimer restated a "market perform" rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Stifel Nicolaus raised their price objective on Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Raymond James raised their price objective on Intuitive Surgical from $560.00 to $688.00 and gave the stock an "outperform" rating in a research report on Friday, January 24th. Leerink Partners lifted their price target on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Finally, Citigroup lifted their price target on Intuitive Surgical from $640.00 to $711.00 and gave the company a "buy" rating in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $613.10.
Get Our Latest Stock Report on Intuitive Surgical
In other Intuitive Surgical news, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $566.60, for a total value of $2,626,191.00. Following the sale, the director now directly owns 12,275 shares in the company, valued at $6,955,015. This represents a 27.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Robert Desantis sold 376 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,940 shares of company stock worth $3,333,485. Company insiders own 0.90% of the company's stock.
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.
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