Oregon Public Employees Retirement Fund Increases Stock Position in Intuitive Surgical, Inc. $ISRG

Oregon Public Employees Retirement Fund increased its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 32.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,956 shares of the medical equipment provider’s stock after purchasing an additional 9,985 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Intuitive Surgical were worth $18,317,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Harrell Investment Partners LLC lifted its holdings in Intuitive Surgical by 3.8% during the third quarter. Harrell Investment Partners LLC now owns 1,871 shares of the medical equipment provider’s stock worth $837,000 after buying an additional 68 shares during the period. Duncker Streett & Co. Inc. raised its position in shares of Intuitive Surgical by 2.3% in the 3rd quarter. Duncker Streett & Co. Inc. now owns 4,601 shares of the medical equipment provider’s stock worth $2,058,000 after acquiring an additional 105 shares in the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in shares of Intuitive Surgical in the 3rd quarter worth $153,000. Clear Harbor Asset Management LLC lifted its stake in shares of Intuitive Surgical by 1.4% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 12,234 shares of the medical equipment provider’s stock worth $5,471,000 after purchasing an additional 165 shares during the last quarter. Finally, WD Rutherford LLC boosted its position in Intuitive Surgical by 0.9% during the third quarter. WD Rutherford LLC now owns 8,191 shares of the medical equipment provider’s stock valued at $3,663,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Raymond James Financial set a $603.00 target price on shares of Intuitive Surgical and gave the stock an “outperform” rating in a report on Wednesday, October 22nd. Royal Bank Of Canada lifted their price objective on shares of Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Truist Financial increased their target price on shares of Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Citigroup lowered shares of Intuitive Surgical from a “buy” rating to a “neutral” rating and cut their price target for the stock from $650.00 to $635.00 in a report on Thursday, December 11th. Finally, Jefferies Financial Group upped their price target on Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $622.17.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 104 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $559.90, for a total transaction of $58,229.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Gary S. Guthart sold 22,806 shares of the firm’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $570.89, for a total value of $13,019,717.34. Following the completion of the transaction, the insider owned 2,694 shares of the company’s stock, valued at approximately $1,537,977.66. The trade was a 89.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 114,007 shares of company stock worth $63,533,844. 0.70% of the stock is owned by corporate insiders.

Intuitive Surgical Trading Down 1.2%

Shares of Intuitive Surgical stock opened at $585.08 on Friday. The firm’s 50 day simple moving average is $564.92 and its two-hundred day simple moving average is $511.04. The firm has a market capitalization of $209.74 billion, a price-to-earnings ratio of 77.39, a PEG ratio of 4.82 and a beta of 1.67. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, topping the consensus estimate of $1.99 by $0.41. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The business’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. On average, sell-side analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Intuitive Surgical Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.