PBU The Pension Fund of Early Childhood & Youth Educators Makes New $13.63 Million Investment in Intuitive Surgical, Inc. $ISRG

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 33,529 shares of the medical equipment provider’s stock, valued at approximately $13,634,000.

Other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC increased its holdings in shares of Intuitive Surgical by 3.5% in the 3rd quarter. Fairscale Capital LLC now owns 645 shares of the medical equipment provider’s stock worth $279,000 after buying an additional 22 shares during the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of Intuitive Surgical by 3.8% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 627 shares of the medical equipment provider’s stock valued at $255,000 after acquiring an additional 23 shares during the last quarter. Hughes Financial Services LLC lifted its holdings in shares of Intuitive Surgical by 40.7% in the 3rd quarter. Hughes Financial Services LLC now owns 83 shares of the medical equipment provider’s stock valued at $37,000 after acquiring an additional 24 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co grew 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 worth $1,172,000 after acquiring an additional 25 shares in the last quarter. Finally, Blue Fin Capital Inc. grew 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 worth $2,210,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Insider Activity

In other news, SVP Patricia Wadors sold 1,078 shares of the stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $443.80, for a total value of $478,416.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Craig Barratt sold 1,150 shares of the firm’s stock in a transaction that occurred on Friday, October 23rd. The stock was sold at an average price of $443.80, for a total value of $510,370.00. Following the sale, the director directly owned 1,150 shares of the company’s stock, valued at $510,370. This represents a 50.00% decrease in their ownership of the stock. 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 90 days, insiders have sold 39,456 shares of company stock valued at $17,769,124. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have weighed in on ISRG. Weiss Ratings reissued a “hold (c)” rating on shares of Intuitive Surgical in a research note on Thursday. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Wednesday, October 21st. BNP Paribas Exane upgraded Intuitive Surgical to an “outperform” rating in a report on Tuesday, July 28th. Citigroup cut their target price on Intuitive Surgical from $590.00 to $500.00 and set a “buy” rating on the stock in a research report on Friday, July 17th. Finally, Barclays restated an “overweight” rating and set a $500.00 price target (up from $485.00) on shares of Intuitive Surgical in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.54.

Intuitive Surgical Trading Down 2.1%

Shares of NASDAQ:ISRG opened at $439.89 on Friday. The company has a market capitalization of $152.48 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 3.10 and a beta of 1.45. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88. The firm’s 50-day moving average is $416.12 and its 200 day moving average is $430.38.

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

Intuitive Surgical Company Profile

Intuitive Surgical develops, manufactures and markets robotic-assisted systems for minimally invasive procedures. Its products include da Vinci surgical systems, which allow surgeons to control instruments and a high-definition vision system from a console, as well as the Ion endoluminal system, designed to assist with minimally invasive lung biopsies. The company also provides instruments, accessories, training and support services for its systems. Its technology is used in a range of surgical specialties, including urology, general surgery and gynecology.