Oregon Public Employees Retirement Fund increased its position in Intuitive Surgical, Inc. (NASDAQ:ISRG – Free Report) by 1.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,971 shares of the medical equipment provider’s stock after purchasing an additional 300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Intuitive Surgical were worth $16,830,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Aaron Wealth Advisors LLC boosted its stake in shares of Intuitive Surgical by 0.8% during the second quarter. Aaron Wealth Advisors LLC now owns 2,528 shares of the medical equipment provider’s stock valued at $1,374,000 after acquiring an additional 19 shares during the last quarter. Crown Wealth Group LLC boosted its stake in shares of Intuitive Surgical by 4.8% during the 1st quarter. Crown Wealth Group LLC now owns 440 shares of the medical equipment provider’s stock worth $218,000 after purchasing an additional 20 shares during the last quarter. FSM Wealth Advisors LLC boosted its stake in shares of Intuitive Surgical by 3.8% during the 1st quarter. FSM Wealth Advisors LLC now owns 546 shares of the medical equipment provider’s stock worth $270,000 after purchasing an additional 20 shares during the last quarter. CFO4Life Group LLC grew its holdings in shares of Intuitive Surgical by 4.8% during the first quarter. CFO4Life Group LLC now owns 436 shares of the medical equipment provider’s stock worth $216,000 after buying an additional 20 shares in the last quarter. Finally, J. W. Coons Advisors LLC raised its position in shares of Intuitive Surgical by 1.4% in the first quarter. J. W. Coons Advisors LLC now owns 1,497 shares of the medical equipment provider’s stock valued at $741,000 after buying an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Insider Buying and Selling at Intuitive Surgical
In other Intuitive Surgical news, EVP Myriam Curet sold 4,500 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the sale, the executive vice president directly owned 353 shares in the company, valued at $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gary S. Guthart sold 29,360 shares of the firm’s stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 45,224 shares of company stock valued at $21,716,492 over the last ninety days. Corporate insiders own 0.70% of the company’s stock.
Intuitive Surgical Trading Down 3.2%
Intuitive Surgical (NASDAQ:ISRG – Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.26. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.78 EPS. The company’s quarterly revenue was up 21.4% compared to the same quarter last year. Equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $559.00 to $599.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Erste Group Bank restated a “hold” rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. The Goldman Sachs Group dropped their target price on Intuitive Surgical from $621.00 to $567.00 and set a “buy” rating for the company in a research note on Wednesday, October 1st. BTIG Research reiterated a “buy” rating and set a $571.00 target price on shares of Intuitive Surgical in a research report on Wednesday, October 1st. Finally, Truist Financial lifted their price target on Intuitive Surgical from $590.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average price target of $589.43.
View Our Latest Stock Report on Intuitive Surgical
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.
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