Teacher Retirement System of Texas lessened its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 86.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,014 shares of the medical equipment provider’s stock after selling 6,440 shares during the period. Teacher Retirement System of Texas’ holdings in Intuitive Surgical were worth $579,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund increased its position in Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after buying an additional 14,633,595 shares during the period. Norges Bank acquired a new position in Intuitive Surgical during the fourth quarter worth approximately $524,111,000. BlackRock Inc. increased its position in Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock worth $3,988,358,000 after buying an additional 569,388 shares during the period. Jennison Associates LLC increased its position in Intuitive Surgical by 40.5% during the fourth quarter. Jennison Associates LLC now owns 1,949,684 shares of the medical equipment provider’s stock worth $933,743,000 after buying an additional 562,441 shares during the period. Finally, Samlyn Capital LLC acquired a new position in Intuitive Surgical during the fourth quarter worth approximately $47,198,000. 84.85% of the stock is currently owned by institutional investors and hedge funds.
Shares of ISRG stock traded up $0.95 during midday trading on Wednesday, hitting $484.51. The company had a trading volume of 6,910 shares, compared to its average volume of 772,834. Intuitive Surgical, Inc. has a 52-week low of $430.24 and a 52-week high of $589.32. The company has a market capitalization of $56.59 billion, a P/E ratio of 51.11, a price-to-earnings-growth ratio of 4.28 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The company had revenue of $974.00 million during the quarter, compared to analysts’ expectations of $975.27 million. During the same quarter last year, the business posted $2.44 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. Research analysts expect that Intuitive Surgical, Inc. will post 9.4 EPS for the current year.
In other Intuitive Surgical news, EVP Curet Myriam sold 2,200 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $493.26, for a total value of $1,085,172.00. Following the transaction, the executive vice president now directly owns 3,101 shares in the company, valued at approximately $1,529,599.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lonnie M. Smith sold 210 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $546.56, for a total value of $114,777.60. Following the completion of the transaction, the director now owns 359,246 shares in the company, valued at $196,349,493.76. The disclosure for this sale can be found here. Insiders sold a total of 30,855 shares of company stock worth $15,668,588 over the last quarter. Company insiders own 1.70% of the company’s stock.
Several research analysts have commented on the company. Cantor Fitzgerald set a $620.00 price target on Intuitive Surgical and gave the stock a “buy” rating in a research report on Thursday, April 4th. BidaskClub raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. Zacks Investment Research lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Deutsche Bank assumed coverage on Intuitive Surgical in a research report on Monday, April 1st. They set a “buy” rating and a $630.00 price target on the stock. Finally, Piper Jaffray Companies raised Intuitive Surgical to an “overweight” rating and set a $610.00 price target on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average target price of $576.82.
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About Intuitive Surgical
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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