VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 21,480 Shares of Intuitive Surgical, Inc. $ISRG

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 59.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 57,480 shares of the medical equipment provider’s stock after acquiring an additional 21,480 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Intuitive Surgical were worth $23,373,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ISRG. Beaumont Financial Advisors LLC raised its stake in Intuitive Surgical by 3.8% during the third quarter. Beaumont Financial Advisors LLC now owns 627 shares of the medical equipment provider’s stock worth $255,000 after acquiring an additional 23 shares in the last quarter. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Intuitive Surgical by 1.0% in the first quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 2,542 shares of the medical equipment provider’s stock valued at $1,172,000 after buying an additional 25 shares in the last quarter. Blue Fin Capital Inc. boosted its position in Intuitive Surgical by 0.5% in the first quarter. Blue Fin Capital Inc. now owns 4,794 shares of the medical equipment provider’s stock valued at $2,210,000 after buying an additional 25 shares in the last quarter. Red Spruce Capital LLC boosted its position in Intuitive Surgical by 4.1% in the second quarter. Red Spruce Capital LLC now owns 640 shares of the medical equipment provider’s stock valued at $255,000 after buying an additional 25 shares in the last quarter. Finally, Worthington Financial Partners LLC grew its stake in Intuitive Surgical by 1.3% during the third quarter. Worthington Financial Partners LLC now owns 1,885 shares of the medical equipment provider’s stock worth $767,000 after buying an additional 25 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, Director Gary Guthart sold 20,095 shares of the business’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $451.61, for a total transaction of $9,075,102.95. Following the sale, the director directly owned 1,204,530 shares of the company’s stock, valued at $543,977,793.30. The trade was a 1.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia Wadors sold 1,078 shares of the stock in a transaction dated Friday, October 23rd. The stock was sold at an average price of $443.80, for a total transaction of $478,416.40. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 38,778 shares of company stock worth $16,814,967. 0.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ISRG has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Saturday. Raymond James Financial reissued an “outperform” rating and issued a $480.00 target price on shares of Intuitive Surgical in a report on Wednesday, October 21st. HSBC lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $391.00 price target on the stock. in a research report on Thursday, July 30th. Royal Bank Of Canada dropped their price target on Intuitive Surgical from $575.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Finally, Oppenheimer reiterated an “outperform” rating and issued a $500.00 price objective on shares of Intuitive Surgical in a research report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $493.54.

Intuitive Surgical Stock Performance

Shares of Intuitive Surgical stock opened at $432.01 on Friday. The firm has a market cap of $149.75 billion, a PE ratio of 52.24, a P/E/G ratio of 2.98 and a beta of 1.46. The business’s 50 day simple moving average is $401.54 and its 200 day simple moving average is $434.05. Intuitive Surgical, Inc. has a 52-week low of $328.57 and a 52-week high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Tuesday, October 20th. The medical equipment provider reported $3.00 EPS for the quarter, topping the consensus estimate of $2.65 by $0.35. Intuitive Surgical had a net margin of 25.54% and a return on equity of 18.17%. The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $2.91 billion. During the same quarter in the prior year, the company posted $2.40 earnings per share. The firm’s revenue was up 21.7% on a year-over-year basis. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 9.37 EPS for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc develops and manufactures robotic-assisted systems and related technologies for minimally invasive surgery. Its products are designed to help surgeons perform procedures through small incisions while providing enhanced visualization, precision and control. The company’s primary platform is the da Vinci Surgical System, which is used across a range of specialties, including urology, gynecology, general surgery, cardiothoracic surgery and other procedures.

The company also offers the Ion endoluminal system, which is designed to support minimally invasive lung biopsy procedures.