Clal Insurance Enterprises Holdings Ltd Purchases New Position in Intuitive Surgical, Inc. (ISRG)
Clal Insurance Enterprises Holdings Ltd purchased a new stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,610 shares of the medical equipment provider’s stock, valued at approximately $771,000.
Several other institutional investors have also made changes to their positions in ISRG. Raymond James Financial Services Advisors Inc. increased its stake in Intuitive Surgical by 12.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 44,800 shares of the medical equipment provider’s stock worth $21,456,000 after buying an additional 4,940 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of Intuitive Surgical by 33.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 12,883 shares of the medical equipment provider’s stock valued at $6,170,000 after purchasing an additional 3,233 shares in the last quarter. AlphaCrest Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $479,000. Bank of Nova Scotia grew its position in shares of Intuitive Surgical by 409.0% in the fourth quarter. Bank of Nova Scotia now owns 117,797 shares of the medical equipment provider’s stock valued at $56,415,000 after purchasing an additional 94,652 shares in the last quarter. Finally, Hanson McClain Inc. purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at approximately $56,000. Hedge funds and other institutional investors own 84.78% of the company’s stock.
ISRG opened at $558.73 on Friday. Intuitive Surgical, Inc. has a one year low of $393.57 and a one year high of $581.12. The company has a market capitalization of $64.27 billion, a P/E ratio of 58.88, a price-to-earnings-growth ratio of 4.25 and a beta of 1.10.
In related news, VP Jamie Samath sold 458 shares of the company’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $500.03, for a total value of $229,013.74. Following the transaction, the vice president now directly owns 198 shares in the company, valued at $99,005.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Salvatore Brogna sold 2,090 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $551.79, for a total value of $1,153,241.10. The disclosure for this sale can be found here. Insiders sold 42,284 shares of company stock worth $22,205,382 over the last quarter. 2.20% of the stock is currently owned by insiders.
A number of equities research analysts have recently issued reports on ISRG shares. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Citigroup dropped their price target on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, January 2nd. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Stifel Nicolaus dropped their price target on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating for the company in a research report on Friday, January 25th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $620.00 price target on shares of Intuitive Surgical in a research report on Friday, January 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $566.40.
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About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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