Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Arizona State Retirement System

Arizona State Retirement System lessened its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,851 shares of the medical equipment provider’s stock after selling 330 shares during the quarter. Arizona State Retirement System’s holdings in Intuitive Surgical were worth $33,348,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Atticus Wealth Management LLC grew its holdings in Intuitive Surgical by 85.4% in the 4th quarter. Atticus Wealth Management LLC now owns 89 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. OFI Invest Asset Management bought a new stake in Intuitive Surgical during the third quarter worth $25,000. Headinvest LLC acquired a new stake in Intuitive Surgical in the third quarter valued at about $28,000. Stone House Investment Management LLC grew its holdings in shares of Intuitive Surgical by 100.0% during the 3rd quarter. Stone House Investment Management LLC now owns 100 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 50 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new position in Intuitive Surgical in the 3rd quarter worth about $30,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded down $4.50 during trading on Thursday, hitting $378.92. The company had a trading volume of 1,602,904 shares, compared to its average volume of 1,674,535. The business’s 50-day moving average is $387.08 and its 200 day moving average is $335.99. The company has a market cap of $134.31 billion, a P/E ratio of 76.94, a PEG ratio of 5.94 and a beta of 1.36. Intuitive Surgical, Inc. has a 52 week low of $252.04 and a 52 week high of $403.76.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, January 23rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.12. Intuitive Surgical had a net margin of 25.24% and a return on equity of 13.11%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. On average, research analysts expect that Intuitive Surgical, Inc. will post 4.93 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ISRG shares. Barclays raised their price target on shares of Intuitive Surgical from $385.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Piper Sandler increased their price target on shares of Intuitive Surgical from $325.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. Mizuho lifted their price target on Intuitive Surgical from $350.00 to $390.00 and gave the stock a “neutral” rating in a research report on Thursday, January 25th. StockNews.com cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada upped their price target on Intuitive Surgical from $400.00 to $432.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $375.20.

Insider Activity

In other news, EVP Myriam Curet sold 4,318 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $370.15, for a total transaction of $1,598,307.70. Following the completion of the sale, the executive vice president now directly owns 189 shares of the company’s stock, valued at $69,958.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Intuitive Surgical news, EVP Myriam Curet sold 4,318 shares of the business’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $370.15, for a total value of $1,598,307.70. Following the transaction, the executive vice president now owns 189 shares in the company, valued at $69,958.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert Desantis sold 20,296 shares of Intuitive Surgical stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $393.80, for a total transaction of $7,992,564.80. Following the transaction, the executive vice president now owns 5,507 shares of the company’s stock, valued at $2,168,656.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 248,418 shares of company stock valued at $95,927,097. 0.90% of the stock is owned by company insiders.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.