Kentucky Retirement Systems Has $12.14 Million Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kentucky Retirement Systems reduced its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 7.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,711 shares of the medical equipment provider's stock after selling 2,018 shares during the period. Kentucky Retirement Systems' holdings in Intuitive Surgical were worth $12,140,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ISRG. Simplify Asset Management Inc. boosted its stake in Intuitive Surgical by 51.5% in the 3rd quarter. Simplify Asset Management Inc. now owns 23,230 shares of the medical equipment provider's stock valued at $11,412,000 after buying an additional 7,892 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Intuitive Surgical by 4.4% in the 3rd quarter. Empowered Funds LLC now owns 8,177 shares of the medical equipment provider's stock valued at $4,017,000 after purchasing an additional 345 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of Intuitive Surgical by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 12,106 shares of the medical equipment provider's stock worth $5,947,000 after purchasing an additional 269 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Intuitive Surgical during the 3rd quarter worth about $5,910,000. Finally, CIBC Asset Management Inc lifted its holdings in Intuitive Surgical by 5.3% during the 3rd quarter. CIBC Asset Management Inc now owns 189,822 shares of the medical equipment provider's stock valued at $93,254,000 after purchasing an additional 9,524 shares during the last quarter. Institutional investors own 83.64% of the company's stock.

Intuitive Surgical Trading Down 1.9 %

Shares of ISRG stock traded down $10.19 on Friday, reaching $527.61. The company had a trading volume of 1,447,901 shares, compared to its average volume of 1,461,285. The stock has a market cap of $187.92 billion, a PE ratio of 84.82, a PEG ratio of 5.28 and a beta of 1.39. The company has a 50-day moving average of $499.29 and a 200-day moving average of $457.28. Intuitive Surgical, Inc. has a 12 month low of $295.02 and a 12 month high of $544.38.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ISRG. Leerink Partners upped their price objective on shares of Intuitive Surgical from $489.00 to $502.00 in a research note on Thursday, October 17th. Oppenheimer reaffirmed a "market perform" rating on shares of Intuitive Surgical in a report on Friday, October 18th. Wells Fargo & Company lifted their price objective on Intuitive Surgical from $466.00 to $549.00 and gave the company an "overweight" rating in a research report on Friday, October 18th. Citigroup increased their target price on Intuitive Surgical from $512.00 to $560.00 and gave the stock a "buy" rating in a report on Thursday, August 22nd. Finally, Redburn Atlantic raised Intuitive Surgical from a "neutral" rating to a "buy" rating and lifted their price target for the company from $380.00 to $510.00 in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus price target of $513.74.

Insiders Place Their Bets

In related news, CEO Gary S. Guthart sold 18,151 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $12,391,166.97. This represents a 42.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $539.89, for a total value of $145,230.41. Following the completion of the sale, the insider now directly owns 8,757 shares in the company, valued at $4,727,816.73. This represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,178 shares of company stock worth $45,897,071. Corporate insiders own 0.90% of the company's stock.

About Intuitive Surgical

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.