Penobscot Investment Management Company Inc. Has $1.60 Million Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Penobscot Investment Management Company Inc. decreased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,068 shares of the medical equipment provider’s stock after selling 25 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Intuitive Surgical were worth $1,601,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ISRG. Proficio Capital Partners LLC raised its holdings in shares of Intuitive Surgical by 89,098.8% during the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider’s stock valued at $495,845,000 after purchasing an additional 948,902 shares during the period. Raymond James Financial Inc. bought a new position in shares of Intuitive Surgical in the 4th quarter worth $313,769,000. Wilmington Savings Fund Society FSB grew its position in Intuitive Surgical by 15,322.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock valued at $272,980,000 after purchasing an additional 552,058 shares during the period. Vanguard Group Inc. raised its holdings in Intuitive Surgical by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider’s stock worth $16,813,478,000 after buying an additional 360,591 shares during the last quarter. Finally, GQG Partners LLC lifted its stake in shares of Intuitive Surgical by 42.5% in the fourth quarter. GQG Partners LLC now owns 1,145,300 shares of the medical equipment provider’s stock valued at $597,801,000 after buying an additional 341,812 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on ISRG. Robert W. Baird lowered their target price on shares of Intuitive Surgical from $707.00 to $600.00 and set an “outperform” rating on the stock in a report on Tuesday, March 18th. CICC Research initiated coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a “neutral” rating and a $550.00 target price on the stock. Barclays increased their price target on Intuitive Surgical from $610.00 to $674.00 in a research report on Monday, January 27th. UBS Group lifted their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a report on Monday, January 27th. Finally, Raymond James increased their target price on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a report on Friday, January 24th. One 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $611.86.

Intuitive Surgical Price Performance

NASDAQ:ISRG opened at $509.03 on Thursday. The company has a market cap of $181.31 billion, a P/E ratio of 79.41, a P/E/G ratio of 5.85 and a beta of 1.43. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The stock’s fifty day moving average price is $559.82 and its two-hundred day moving average price is $532.42.

Insider Activity

In other Intuitive Surgical news, VP Fredrik Widman sold 810 shares of Intuitive Surgical stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total transaction of $464,761.80. Following the completion of the sale, the vice president now directly owns 473 shares in the company, valued at $271,397.94. The trade was a 63.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Robert Desantis sold 11,545 shares of Intuitive Surgical stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $499.22, for a total transaction of $5,763,494.90. Following the sale, the executive vice president now directly owns 5,224 shares of the company’s stock, valued at $2,607,925.28. This represents a 68.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,754 shares of company stock worth $17,691,621. 0.90% 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.