Clarendon Private LLC Acquires Shares in Intuitive Surgical, Inc.

Clarendon Private LLC has made headlines by purchasing a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) during the fourth quarter of the fiscal year. This information comes from the firm’s latest 13F filing submitted to the Securities and Exchange Commission (SEC). Clarendon Private LLC acquired a total of 955 shares from the renowned medical equipment company, which are valued at around $498,000.

Institutional Investments in Intuitive Surgical

Other institutional investors and hedge funds are also showing interest in Intuitive Surgical. Notably, State Street Corp upped its stake in the company by 1.4% in the third quarter, now holding 15,050,121 shares valued at approximately $7.39 billion after adding 210,363 shares. Similarly, FMR LLC increased its holdings by 8.3% during the same period, currently owning 10,971,085 shares worth about $5.39 billion after buying 838,793 additional shares. Geode Capital Management LLC raised its position by 1.9%, now possessing 7,512,925 shares valued at $3.68 billion after acquiring an additional 143,440 shares. Not to be outdone, Fisher Asset Management LLC grew its stake by 1.8% with 4,782,381 shares worth around $2.35 billion following an increase of 86,208 shares. Finally, Baillie Gifford & Co. holds 3,848,547 shares valued at approximately $1.89 billion after a slight increase of 24,183 shares. Overall, about 83.64% of Intuitive Surgical's stock is owned by institutional investors.

Insider Trading Activity

Recent insider transactions involving Intuitive Surgical have also come to light. CFO Jamie Samath sold 270 shares on December 10, fetching an average price of $540.15, totaling $145,840.50. Consequently, he now holds 8,757 shares worth approximately $4.73 million, reflecting a 2.99% drop in ownership. This transaction was reported through the legal filing available on the SEC website. In another transaction, CEO Gary S. Guthart sold 18,151 shares on October 30, achieving an average price of $511.63 for a total of $9,286,596.13. Post-sale, the CEO retains ownership of 24,219 shares valued at about $12.39 million, marking a substantial 42.84% decrease in his holding. Overall, insiders have sold 42,475 shares valued at a total of $22.07 million in the last three months, with just 0.90% of the stock currently owned by insiders.

Stock Performance Overview

On Friday, shares of Intuitive Surgical were opened at $584.05. The stock boasts a market capitalization of $208.03 billion, with a price-to-earnings ratio standing at 93.90 and a PEG ratio of 5.19. Its beta is noted at 1.39. The fifty-day moving average for the stock is $547.16 while the 200-day moving average is $504.35. Intuitive Surgical has experienced fluctuations, with a twelve-month low reaching $364.17 and a high of $616.00.

Analysts’ Perspectives

A number of brokerage firms have recently shared their analyses regarding Intuitive Surgical. For instance, The Goldman Sachs Group has set a price target of $604 for the stock. Oppenheimer has reaffirmed a "market perform" rating on Intuitive Surgical shares. Wells Fargo & Company raised their price objective from $630 to $687, assigning an "overweight" rating in a recent report. Meanwhile, Morgan Stanley has upgraded Intuitive Surgical from