New York State Teachers Retirement System Sells 1,412 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

New York State Teachers Retirement System lowered its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,013 shares of the medical equipment provider’s stock after selling 1,412 shares during the quarter. New York State Teachers Retirement System owned about 0.13% of Intuitive Surgical worth $83,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. BRYN MAWR TRUST Co raised its holdings in Intuitive Surgical by 6.7% in the 3rd quarter. BRYN MAWR TRUST Co now owns 1,598 shares of the medical equipment provider’s stock worth $862,000 after acquiring an additional 100 shares during the period. Sumitomo Life Insurance Co. grew its position in Intuitive Surgical by 251.9% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 3,801 shares of the medical equipment provider’s stock worth $2,052,000 after purchasing an additional 2,721 shares during the last quarter. Rhumbline Advisers grew its position in Intuitive Surgical by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 211,761 shares of the medical equipment provider’s stock worth $114,336,000 after purchasing an additional 3,658 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in Intuitive Surgical in the 3rd quarter worth $48,702,000. Finally, Golden State Wealth Management LLC acquired a new stake in Intuitive Surgical in the 3rd quarter worth $35,000. Institutional investors and hedge funds own 85.88% of the company’s stock.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 215 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $493.18, for a total transaction of $106,033.70. Following the sale, the director now directly owns 330,868 shares of the company’s stock, valued at $163,177,480.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jamie Samath sold 1,021 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $557.15, for a total transaction of $568,850.15. Following the completion of the transaction, the senior vice president now directly owns 446 shares in the company, valued at $248,488.90. The disclosure for this sale can be found here. Insiders sold 20,537 shares of company stock valued at $10,884,233 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Several research firms have issued reports on ISRG. Morgan Stanley set a $620.00 price target on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, October 18th. ValuEngine lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Raymond James lifted their target price on shares of Intuitive Surgical from $610.00 to $625.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Northland Securities set a $375.00 target price on shares of Intuitive Surgical and gave the company a “sell” rating in a research report on Friday, July 19th. Finally, BidaskClub lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Intuitive Surgical has an average rating of “Hold” and an average target price of $583.00.

Shares of ISRG traded up $1.46 on Friday, reaching $549.41. 4,491 shares of the company’s stock were exchanged, compared to its average volume of 652,069. The stock has a market capitalization of $62.39 billion, a P/E ratio of 57.77, a price-to-earnings-growth ratio of 3.90 and a beta of 1.13. The business has a 50 day moving average price of $527.43 and a two-hundred day moving average price of $516.74. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $3.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.44. Intuitive Surgical had a net margin of 30.94% and a return on equity of 18.26%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $2.83 earnings per share. Intuitive Surgical’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts forecast that Intuitive Surgical, Inc. will post 10.9 EPS for the current fiscal year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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