National Mutual Insurance Federation of Agricultural Cooperatives Has $37.69 Million Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

National Mutual Insurance Federation of Agricultural Cooperatives cut its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,200 shares of the medical equipment provider’s stock after selling 17,200 shares during the period. Intuitive Surgical makes up 0.3% of National Mutual Insurance Federation of Agricultural Cooperatives’ holdings, making the stock its 20th largest position. National Mutual Insurance Federation of Agricultural Cooperatives’ holdings in Intuitive Surgical were worth $37,686,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Catalyst Capital Advisors LLC boosted its stake in Intuitive Surgical by 132.5% in the 4th quarter. Catalyst Capital Advisors LLC now owns 637 shares of the medical equipment provider’s stock worth $332,000 after purchasing an additional 363 shares during the period. AlphaCentric Advisors LLC boosted its stake in Intuitive Surgical by 196.5% in the 4th quarter. AlphaCentric Advisors LLC now owns 3,706 shares of the medical equipment provider’s stock worth $1,934,000 after purchasing an additional 2,456 shares during the period. Nicholas Hoffman & Company LLC. acquired a new position in Intuitive Surgical in the 4th quarter worth $241,000. Americana Partners LLC boosted its stake in Intuitive Surgical by 6.5% in the 4th quarter. Americana Partners LLC now owns 3,667 shares of the medical equipment provider’s stock worth $1,914,000 after purchasing an additional 223 shares during the period. Finally, Sierra Ocean LLC acquired a new position in Intuitive Surgical in the 4th quarter worth $40,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ISRG shares. Raymond James boosted their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Citigroup boosted their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Wells Fargo & Company boosted their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Trading Up 0.7 %

NASDAQ ISRG opened at $595.55 on Monday. The firm has a market capitalization of $212.12 billion, a price-to-earnings ratio of 92.91, a P/E/G ratio of 5.67 and a beta of 1.39. The firm’s 50 day simple moving average is $559.48 and its 200 day simple moving average is $519.66. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00.

Insider Buying and Selling

In related news, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares of the company’s stock, valued at $6,955,015. This represents a 27.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,348 shares of company stock worth $3,587,582. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Company Profile

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.