GF Fund Management CO. LTD. Has $37.46 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

GF Fund Management CO. LTD. increased its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,636 shares of the medical equipment provider's stock after acquiring an additional 1,305 shares during the quarter. Intuitive Surgical accounts for about 0.9% of GF Fund Management CO. LTD.'s holdings, making the stock its 20th largest position. GF Fund Management CO. LTD.'s holdings in Intuitive Surgical were worth $37,460,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Atala Financial Inc acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $25,000. Parvin Asset Management LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $26,000. Global Financial Private Client LLC increased its stake in Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares during the period. Hurley Capital LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $28,000. Finally, Summit Securities Group LLC acquired a new position in Intuitive Surgical in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on ISRG. Truist Financial dropped their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Intuitive Surgical from a "hold" rating to a "sell" rating and dropped their price objective for the company from $515.00 to $440.00 in a research note on Monday, June 9th. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research note on Thursday, June 5th. Citigroup restated a "buy" rating and set a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada dropped their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $588.95.

Insider Activity at Intuitive Surgical

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the completion of the transaction, the director directly owned 6,371 shares of the company's stock, valued at approximately $3,312,920. This trade represents a 27.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gary Loeb sold 1,700 shares of the firm's stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $513.18, for a total transaction of $872,406.00. Following the transaction, the executive vice president directly owned 2,245 shares of the company's stock, valued at $1,152,089.10. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,998 shares of company stock valued at $2,611,577 in the last quarter. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 1.8%

Intuitive Surgical stock traded down $9.76 during mid-day trading on Monday, reaching $534.71. The company had a trading volume of 1,191,600 shares, compared to its average volume of 1,670,783. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00. The company has a 50 day moving average of $537.11 and a 200-day moving average of $536.92. The firm has a market cap of $191.65 billion, a price-to-earnings ratio of 78.40, a PEG ratio of 5.78 and a beta of 1.64.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The firm had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.19 billion. During the same period in the prior year, the firm earned $1.50 EPS. On average, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

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.