Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky reduced its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,604 shares of the medical equipment provider's stock after selling 1,535 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Intuitive Surgical were worth $13,070,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of ISRG. Great Valley Advisor Group Inc. raised its stake in shares of Intuitive Surgical by 8.3% in the second quarter. Great Valley Advisor Group Inc. now owns 2,477 shares of the medical equipment provider's stock valued at $1,102,000 after acquiring an additional 189 shares in the last quarter. ORG Partners LLC raised its stake in shares of Intuitive Surgical by 3,411.1% in the second quarter. ORG Partners LLC now owns 316 shares of the medical equipment provider's stock valued at $138,000 after acquiring an additional 307 shares in the last quarter. Rockingstone Advisors LLC raised its stake in shares of Intuitive Surgical by 0.5% in the second quarter. Rockingstone Advisors LLC now owns 8,748 shares of the medical equipment provider's stock valued at $3,892,000 after acquiring an additional 41 shares in the last quarter. Fiduciary Financial Group LLC acquired a new stake in Intuitive Surgical in the second quarter valued at $394,000. Finally, Valley National Advisers Inc. raised its stake in Intuitive Surgical by 29.3% in the second quarter. Valley National Advisers Inc. now owns 622 shares of the medical equipment provider's stock valued at $276,000 after buying an additional 141 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, SVP Mark Brosius sold 2,128 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,095,920.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jamie Samath sold 108 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares in the company, valued at $4,746,819.42. This represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,640 shares of company stock valued at $25,233,553. 0.90% of the stock is owned by corporate insiders.

Intuitive Surgical Trading Up 0.2 %

Shares of NASDAQ ISRG traded up $1.12 during midday trading on Thursday, reaching $544.72. 1,211,159 shares of the company were exchanged, compared to its average volume of 1,441,064. Intuitive Surgical, Inc. has a 1 year low of $320.22 and a 1 year high of $556.23. The stock has a fifty day simple moving average of $519.37 and a 200 day simple moving average of $477.06. The stock has a market cap of $194.02 billion, a P/E ratio of 87.40, a PEG ratio of 5.41 and a beta of 1.38.

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

Analyst Ratings Changes

ISRG has been the topic of a number of analyst reports. Citigroup raised their price target on Intuitive Surgical from $567.00 to $640.00 and gave the company a "buy" rating in a research note on Wednesday. Mizuho raised their price target on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. The Goldman Sachs Group set a $604.00 price target on Intuitive Surgical in a research note on Friday, October 18th. Wells Fargo & Company raised their price target on Intuitive Surgical from $549.00 to $630.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Stifel Nicolaus raised their price target on Intuitive Surgical from $525.00 to $610.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $550.28.

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.