Kentucky Retirement Systems Sells 2,018 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kentucky Retirement Systems trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,711 shares of the medical equipment provider’s stock after selling 2,018 shares during the quarter. Kentucky Retirement Systems’ holdings in Intuitive Surgical were worth $12,140,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ISRG. Creekmur Asset Management LLC raised its stake in Intuitive Surgical by 200.0% during the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Ridgewood Investments LLC bought a new position in shares of Intuitive Surgical in the 2nd quarter valued at $26,000. Godsey & Gibb Inc. boosted its holdings in shares of Intuitive Surgical by 140.0% during the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock valued at $29,000 after acquiring an additional 35 shares in the last quarter. LRI Investments LLC bought a new stake in Intuitive Surgical during the 1st quarter worth $30,000. Finally, LGT Financial Advisors LLC increased its holdings in Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after purchasing an additional 54 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company lifted their price target on Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Redburn Atlantic raised shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $380.00 to $510.00 in a report on Friday, August 2nd. Robert W. Baird upped their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Piper Sandler reiterated an “overweight” rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Finally, The Goldman Sachs Group set a $604.00 price objective on Intuitive Surgical in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus target price of $513.74.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, CEO Gary S. Guthart sold 18,151 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total value of $9,286,596.13. Following the transaction, the chief executive officer now directly owns 24,219 shares in the company, valued at $12,391,166.97. This represents a 42.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Gary Loeb sold 300 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $475.00, for a total transaction of $142,500.00. Following the completion of the transaction, the general counsel now directly owns 1,595 shares of the company’s stock, valued at approximately $757,625. This represents a 15.83 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 91,178 shares of company stock valued at $45,897,071. Corporate insiders own 0.90% of the company’s stock.

Intuitive Surgical Stock Down 1.9 %

Intuitive Surgical stock opened at $527.61 on Friday. The company has a market capitalization of $187.92 billion, a P/E ratio of 84.82, a P/E/G ratio of 5.28 and a beta of 1.39. Intuitive Surgical, Inc. has a twelve month low of $295.02 and a twelve month high of $544.38. The firm has a 50 day moving average price of $499.29 and a 200-day moving average price of $457.28.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The business had revenue of $2.04 billion during the quarter, compared to analyst estimates of $2.01 billion. Equities analysts expect that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

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.