California State Teachers Retirement System Trims Holdings in Intuitive Surgical, Inc. (ISRG)

California State Teachers Retirement System reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,524 shares of the medical equipment provider’s stock after selling 5,967 shares during the period. California State Teachers Retirement System owned about 0.05% of Intuitive Surgical worth $64,347,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Edgewood Management LLC increased its holdings in Intuitive Surgical by 200.7% during the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after buying an additional 1,934,382 shares during the last quarter. FMR LLC increased its holdings in Intuitive Surgical by 19.6% during the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after buying an additional 447,397 shares during the last quarter. Vanguard Group Inc. increased its holdings in Intuitive Surgical by 0.8% during the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after buying an additional 20,210 shares during the last quarter. Koch Industries Inc. increased its holdings in Intuitive Surgical by 202,917.0% during the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after buying an additional 1,387,952 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Intuitive Surgical by 3.3% in the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after purchasing an additional 21,795 shares in the last quarter. 32.80% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $371.08 on Thursday. Intuitive Surgical, Inc. has a 12-month low of $208.24 and a 12-month high of $405.05. The firm has a market cap of $41,580.00, a price-to-earnings ratio of 49.43, a P/E/G ratio of 5.19 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The firm had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. Intuitive Surgical’s revenue for the quarter was up 18.0% on a year-over-year basis. equities analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.

In related news, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at $2,783,850. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Craig H. Barratt sold 7,500 shares of the company’s stock in a transaction on Thursday, October 26th. The stock was sold at an average price of $381.00, for a total transaction of $2,857,500.00. Following the transaction, the insider now owns 7,500 shares of the company’s stock, valued at approximately $2,857,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is owned by company insiders.

A number of analysts have recently issued reports on the stock. Vetr cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.49 price objective for the company. in a research note on Wednesday, August 16th. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a research note on Tuesday. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday, October 17th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $335.32.

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Intuitive Surgical Company Profile

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.

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

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