CIBC Private Wealth Group Reduces Stake in Intuitive Surgical

The firm sold nearly 5,000 shares of the medical equipment provider in the third quarter.

Mar. 18, 2026 at 9:48am

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CIBC Private Wealth Group LLC reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.1% during the third quarter, according to a recent SEC filing. The firm now owns 466,336 shares of the medical equipment provider's stock, valued at $208,560,000.

Why it matters

Intuitive Surgical is a leading provider of robotic-assisted surgical systems, and changes in institutional ownership can signal shifts in market sentiment around the company's performance and future prospects.

The details

CIBC Private Wealth Group sold 4,982 shares of Intuitive Surgical during the third quarter, bringing its total holdings down to 466,336 shares. The firm cited the medical equipment provider's stock performance as the reason for the reduction in its position.

  • CIBC Private Wealth Group made the share sale during the third quarter of the year.

The players

CIBC Private Wealth Group LLC

A Canadian investment management firm that provides private wealth management services.

Intuitive Surgical, Inc.

An American medical technology company that develops and manufactures robotic-assisted surgical systems, such as the da Vinci Surgical System.

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The takeaway

The reduction in CIBC Private Wealth Group's stake in Intuitive Surgical may indicate a shift in investor sentiment around the company's performance, though the overall institutional ownership remains high at over 83%.