Teachers Retirement System of The State of Kentucky decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,200 shares of the medical equipment provider’s stock after selling 300 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Intuitive Surgical were worth $3,219,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Brown Advisory Securities LLC boosted its position in Intuitive Surgical by 1.4% in the first quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock valued at $1,722,000 after buying an additional 31 shares during the period. Vident Investment Advisory LLC boosted its position in Intuitive Surgical by 137.0% in the first quarter. Vident Investment Advisory LLC now owns 9,572 shares of the medical equipment provider’s stock valued at $7,337,000 after buying an additional 5,534 shares during the period. Marshall Wace North America L.P. bought a new position in Intuitive Surgical during the first quarter valued at $9,596,000. Credit Suisse AG boosted its position in Intuitive Surgical by 12.1% in the first quarter. Credit Suisse AG now owns 111,246 shares of the medical equipment provider’s stock valued at $85,268,000 after buying an additional 11,965 shares during the period. Finally, Forte Capital LLC ADV boosted its position in shares of Intuitive Surgical by 10.6% in the first quarter. Forte Capital LLC ADV now owns 2,562 shares of the medical equipment provider’s stock valued at $1,964,000 after buying an additional 245 shares during the last quarter. 97.56% of the stock is owned by hedge funds and other institutional investors.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 1.00% during trading on Friday, reaching $941.20. 487,001 shares of the company’s stock were exchanged. The stock has a market cap of $34.97 billion, a PE ratio of 45.08 and a beta of 0.39. Intuitive Surgical, Inc. has a 12 month low of $610.71 and a 12 month high of $974.66. The firm has a 50 day moving average of $937.40 and a 200-day moving average of $815.32.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, beating analysts’ consensus estimates of $5.79 by $0.16. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same quarter in the prior year, the firm earned $5.62 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current fiscal year.
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Several research firms have issued reports on ISRG. Vetr lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $1,010.56 price objective on the stock. in a research report on Thursday, July 20th. Barclays PLC raised their price target on shares of Intuitive Surgical from $870.00 to $1,000.00 and gave the stock an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $1,050.00 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Cantor Fitzgerald reaffirmed a “hold” rating and set a $1,050.00 price target on shares of Intuitive Surgical in a research report on Friday, July 21st. Finally, BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $980.03.
In other news, SVP Curet Myriam sold 3,385 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $837.21, for a total transaction of $2,833,955.85. Following the completion of the transaction, the senior vice president now directly owns 2,657 shares in the company, valued at $2,224,466.97. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Salvatore Brogna sold 1,306 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $915.09, for a total value of $1,195,107.54. Following the transaction, the executive vice president now owns 977 shares of the company’s stock, valued at $894,042.93. The disclosure for this sale can be found here. In the last ninety days, insiders sold 37,498 shares of company stock valued at $34,533,846. Insiders own 2.50% of the company’s stock.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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