Public Employees Retirement System of Ohio Decreases Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Public Employees Retirement System of Ohio cut its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,193 shares of the medical equipment provider's stock after selling 1,688 shares during the period. Public Employees Retirement System of Ohio's holdings in Intuitive Surgical were worth $83,119,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ISRG. State Street Corp grew its holdings in Intuitive Surgical by 1.4% during the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock valued at $7,393,673,000 after purchasing an additional 210,363 shares during the period. FMR LLC grew its holdings in Intuitive Surgical by 8.3% during the third quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock valued at $5,389,765,000 after purchasing an additional 838,793 shares during the period. Fisher Asset Management LLC grew its holdings in Intuitive Surgical by 1.8% during the third quarter. Fisher Asset Management LLC now owns 4,782,381 shares of the medical equipment provider's stock valued at $2,349,441,000 after purchasing an additional 86,208 shares during the period. Baillie Gifford & Co. grew its holdings in Intuitive Surgical by 0.6% during the third quarter. Baillie Gifford & Co. now owns 3,848,547 shares of the medical equipment provider's stock valued at $1,890,676,000 after purchasing an additional 24,183 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Intuitive Surgical by 1.7% during the third quarter. Wellington Management Group LLP now owns 3,115,024 shares of the medical equipment provider's stock valued at $1,530,318,000 after purchasing an additional 53,383 shares during the period. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

ISRG has been the subject of several research reports. Piper Sandler reissued an "overweight" rating and set a $538.00 price objective (up from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Citigroup raised their price target on Intuitive Surgical from $512.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price target on Intuitive Surgical from $466.00 to $549.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. BTIG Research raised their price target on Intuitive Surgical from $535.00 to $561.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus increased their price objective on Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $541.33.

Intuitive Surgical Trading Up 0.5 %

Intuitive Surgical stock traded up $2.76 during trading hours on Monday, hitting $550.41. 1,026,321 shares of the stock traded hands, compared to its average volume of 1,253,917. The firm's 50-day moving average price is $516.21 and its two-hundred day moving average price is $474.66. Intuitive Surgical, Inc. has a one year low of $307.72 and a one year high of $556.23. The company has a market cap of $196.05 billion, a PE ratio of 88.49, a PEG ratio of 5.41 and a beta of 1.38.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Gary S. Guthart sold 18,151 shares of the business's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $511.63, for a total value of $9,286,596.13. Following the completion of the transaction, the chief executive officer now directly owns 24,219 shares in the company, valued at $12,391,166.97. The trade was a 42.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Brosius sold 2,128 shares of the business's stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total transaction of $1,095,920.00. Following the completion of the transaction, the senior vice president now owns 273 shares of the company's stock, valued at approximately $140,595. The trade was a 88.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 50,723 shares of company stock worth $26,241,747 in the last three months. Insiders own 0.80% of the company's stock.

Intuitive Surgical 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.