Intuitive Surgical, Inc. $ISRG Shares Sold by Strs Ohio

Strs Ohio cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 9.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,989 shares of the medical equipment provider’s stock after selling 15,142 shares during the period. Strs Ohio’s holdings in Intuitive Surgical were worth $79,851,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Riverstone Advisors LLC lifted its stake in Intuitive Surgical by 9.5% during the fourth quarter. Riverstone Advisors LLC now owns 799 shares of the medical equipment provider’s stock valued at $453,000 after purchasing an additional 69 shares during the last quarter. Del Sette Capital Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter valued at approximately $2,154,000. SevenBridge Financial Group LLC lifted its stake in Intuitive Surgical by 14.1% during the fourth quarter. SevenBridge Financial Group LLC now owns 9,067 shares of the medical equipment provider’s stock valued at $4,794,000 after purchasing an additional 1,123 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in Intuitive Surgical by 11.5% during the fourth quarter. Cornerstone Planning Group LLC now owns 203 shares of the medical equipment provider’s stock valued at $106,000 after purchasing an additional 21 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab acquired a new stake in Intuitive Surgical during the fourth quarter valued at approximately $110,859,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ISRG. Evercore cut their price target on shares of Intuitive Surgical from $550.00 to $480.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Argus decreased their price objective on Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating for the company in a research report on Wednesday, February 4th. Wall Street Zen lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. The Goldman Sachs Group raised their price objective on Intuitive Surgical from $609.00 to $621.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, HSBC cut their target price on shares of Intuitive Surgical from $653.00 to $604.00 and set a “buy” rating for the company in a research report on Wednesday, April 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $581.91.

Intuitive Surgical Stock Up 0.0%

ISRG stock opened at $457.78 on Friday. Intuitive Surgical, Inc. has a 12-month low of $427.84 and a 12-month high of $603.88. The company has a market cap of $162.13 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 3.67 and a beta of 1.51. The company has a 50 day moving average of $474.86 and a two-hundred day moving average of $515.98.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.42. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.98%. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $1.81 EPS. The company’s revenue was up 23.0% compared to the same quarter last year. On average, research analysts anticipate that Intuitive Surgical, Inc. will post 8.53 EPS for the current year.

Insider Buying and Selling at Intuitive Surgical

In other news, EVP Myriam Curet sold 421 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total transaction of $208,378.16. Following the transaction, the executive vice president owned 409 shares in the company, valued at approximately $202,438.64. This trade represents a 50.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Fredrik Widman sold 133 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total transaction of $65,829.68. Following the transaction, the vice president owned 660 shares in the company, valued at $326,673.60. This represents a 16.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 5,906 shares of company stock worth $2,907,726 in the last ninety days. Company insiders own 0.60% of the company’s stock.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.