Winslow Capital Management LLC Has $564.03 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Winslow Capital Management LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,080,601 shares of the medical equipment provider's stock after selling 232,184 shares during the quarter. Intuitive Surgical makes up approximately 2.0% of Winslow Capital Management LLC's portfolio, making the stock its 14th biggest position. Winslow Capital Management LLC owned 0.30% of Intuitive Surgical worth $564,030,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at about $25,000. Berbice Capital Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth approximately $26,000. BankPlus Trust Department purchased a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Hurley Capital LLC purchased a new position in shares of Intuitive Surgical in the 4th quarter valued at $28,000. Finally, Summit Securities Group LLC acquired a new stake in Intuitive Surgical during the 4th quarter worth $30,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Amal M. Johnson sold 4,635 shares of the company's stock in a transaction that occurred 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, VP Fredrik Widman sold 810 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $573.78, for a total transaction of $464,761.80. Following the transaction, the vice president now owns 473 shares of the company's stock, valued at approximately $271,397.94. The trade was a 63.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,754 shares of company stock valued at $17,691,621 over the last quarter. 0.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Bernstein Bank lifted their target price on shares of Intuitive Surgical from $655.00 to $700.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Royal Bank of Canada lifted their price target on Intuitive Surgical from $611.00 to $641.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Erste Group Bank cut shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Finally, Jefferies Financial Group increased their price objective on Intuitive Surgical from $475.00 to $575.00 in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $611.86.

Intuitive Surgical Stock Down 0.4 %

Shares of NASDAQ:ISRG traded down $1.94 during trading on Monday, hitting $491.66. 424,428 shares of the company were exchanged, compared to its average volume of 1,595,784. Intuitive Surgical, Inc. has a 1-year low of $364.17 and a 1-year high of $616.00. The company has a market capitalization of $175.12 billion, a P/E ratio of 76.70, a price-to-earnings-growth ratio of 5.85 and a beta of 1.55. The business's 50 day moving average is $532.72 and its 200-day moving average is $532.68.

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.