State of Alaska Department of Revenue trimmed its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 10.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,138 shares of the medical equipment provider’s stock after selling 2,007 shares during the period. State of Alaska Department of Revenue’s holdings in Intuitive Surgical were worth $10,348,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ISRG. Oregon Public Employees Retirement Fund raised its position in shares of Intuitive Surgical by 31,963.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the period. Laurel Wealth Advisors LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $32,000. Athena Capital Advisors LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $33,000. Financial Advantage Inc. acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $36,000. Finally, Liberty Wealth Management LLC acquired a new stake in shares of Intuitive Surgical in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 84.91% of the company’s stock.

A number of analysts recently weighed in on ISRG shares. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. Raymond James increased their price target on shares of Intuitive Surgical from $600.00 to $630.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Citigroup lowered their target price on Intuitive Surgical from $601.00 to $560.00 and set a “buy” rating for the company in a research note on Wednesday, January 2nd. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $569.00 target price for the company in a research note on Wednesday, December 12th. Finally, ValuEngine raised Intuitive Surgical from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $569.74.

In other news, Director Lonnie M. Smith sold 210 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $546.56, for a total transaction of $114,777.60. Following the completion of the transaction, the director now directly owns 359,246 shares of the company’s stock, valued at approximately $196,349,493.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jamie Samath sold 458 shares of the firm’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $500.03, for a total transaction of $229,013.74. Following the transaction, the vice president now directly owns 198 shares of the company’s stock, valued at $99,005.94. The disclosure for this sale can be found here. Insiders have sold a total of 42,284 shares of company stock valued at $22,205,382 over the last ninety days. Company insiders own 1.70% of the company’s stock.

NASDAQ ISRG opened at $579.38 on Wednesday. Intuitive Surgical, Inc. has a 52-week low of $410.01 and a 52-week high of $581.55. The company has a market cap of $66.84 billion, a P/E ratio of 61.05, a price-to-earnings-growth ratio of 4.52 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share for the quarter, missing the consensus estimate of $3.07 by ($0.11). The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. Intuitive Surgical’s revenue was up 17.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.54 earnings per share. On average, analysts anticipate that Intuitive Surgical, Inc. will post 9.9 earnings per share for the current year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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