GAM Holding AG Sells 13,490 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

GAM Holding AG lowered its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 34.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 26,191 shares of the medical equipment provider’s stock after selling 13,490 shares during the period. Intuitive Surgical makes up 1.0% of GAM Holding AG’s investment portfolio, making the stock its 26th biggest position. GAM Holding AG’s holdings in Intuitive Surgical were worth $13,671,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kornitzer Capital Management Inc. KS increased its position in Intuitive Surgical by 0.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 5,814 shares of the medical equipment provider’s stock valued at $3,035,000 after acquiring an additional 39 shares during the period. Venturi Wealth Management LLC grew its stake in Intuitive Surgical by 21.5% during the fourth quarter. Venturi Wealth Management LLC now owns 1,642 shares of the medical equipment provider’s stock worth $857,000 after purchasing an additional 291 shares during the period. D.A. Davidson & CO. increased its stake in shares of Intuitive Surgical by 0.9% in the 4th quarter. D.A. Davidson & CO. now owns 13,198 shares of the medical equipment provider’s stock valued at $6,889,000 after acquiring an additional 115 shares in the last quarter. Truist Financial Corp increased its stake in Intuitive Surgical by 3.0% in the fourth quarter. Truist Financial Corp now owns 248,092 shares of the medical equipment provider’s stock valued at $129,494,000 after purchasing an additional 7,298 shares in the last quarter. Finally, Catalyst Capital Advisors LLC raised its stake in Intuitive Surgical by 132.5% during the 4th quarter. Catalyst Capital Advisors LLC now owns 637 shares of the medical equipment provider’s stock worth $332,000 after buying an additional 363 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ:ISRG opened at $595.55 on Tuesday. The firm has a market capitalization of $212.12 billion, a PE ratio of 92.91, a price-to-earnings-growth ratio of 5.67 and a beta of 1.39. Intuitive Surgical, Inc. has a 52-week low of $364.17 and a 52-week high of $616.00. The firm has a fifty day moving average of $559.48 and a 200 day moving average of $520.19.

Analyst Ratings Changes

ISRG has been the topic of several research reports. Truist Financial upped their price objective on shares of Intuitive Surgical from $640.00 to $666.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Piper Sandler reaffirmed an “overweight” rating and set a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a research report on Friday, January 24th. Evercore ISI raised their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Morgan Stanley upgraded Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Finally, Leerink Partners upped their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $613.10.

Insiders Place Their Bets

In related news, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jamie Samath sold 108 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares of the company’s stock, valued at approximately $4,746,819.42. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,348 shares of company stock valued at $3,587,582 over the last 90 days. Insiders own 0.90% of the company’s stock.

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.