Teachers Retirement System of The State of Kentucky Sells 1,485 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Teachers Retirement System of The State of Kentucky decreased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,911 shares of the medical equipment provider’s stock after selling 1,485 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Intuitive Surgical were worth $11,538,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in Intuitive Surgical by 0.3% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,899 shares of the medical equipment provider’s stock worth $3,002,000 after buying an additional 27 shares in the last quarter. Advance Capital Management Inc. boosted its position in Intuitive Surgical by 3.8% in the first quarter. Advance Capital Management Inc. now owns 740 shares of the medical equipment provider’s stock worth $295,000 after purchasing an additional 27 shares during the last quarter. Perigon Wealth Management LLC boosted its position in Intuitive Surgical by 0.5% in the first quarter. Perigon Wealth Management LLC now owns 5,363 shares of the medical equipment provider’s stock worth $2,140,000 after purchasing an additional 27 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in Intuitive Surgical by 1.3% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 2,226 shares of the medical equipment provider’s stock worth $751,000 after purchasing an additional 29 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC boosted its position in Intuitive Surgical by 5.7% in the first quarter. Sugarloaf Wealth Management LLC now owns 534 shares of the medical equipment provider’s stock worth $213,000 after purchasing an additional 29 shares during the last quarter. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Down 0.3 %

ISRG traded down $1.21 on Friday, hitting $449.73. The company had a trading volume of 2,059,603 shares, compared to its average volume of 1,844,110. The firm has a market cap of $159.52 billion, a P/E ratio of 81.18, a PEG ratio of 4.97 and a beta of 1.39. The company’s fifty day moving average price is $432.13 and its 200 day moving average price is $401.39. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $468.78.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.24. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The business had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same period last year, the firm posted $1.18 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. On average, analysts predict that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Robert W. Baird raised their target price on Intuitive Surgical from $487.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. BTIG Research raised their target price on Intuitive Surgical from $451.00 to $459.00 and gave the stock a “buy” rating in a research report on Monday, July 15th. JPMorgan Chase & Co. raised their target price on Intuitive Surgical from $475.00 to $495.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Truist Financial lifted their price objective on Intuitive Surgical from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, The Goldman Sachs Group began coverage on Intuitive Surgical in a research report on Thursday, May 30th. They set a “buy” rating and a $500.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus price target of $442.30.

Insider Buying and Selling

In related news, insider Gary S. Guthart 7,440 shares of the business’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Intuitive Surgical news, insider Gary S. Guthart 7,440 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $641,382.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,062 shares of company stock worth $5,589,790. 0.90% of the stock is owned by corporate insiders.

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.