Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,346 shares of the medical equipment provider’s stock after buying an additional 247 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Intuitive Surgical were worth $30,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Modera Wealth Management LLC raised its holdings in Intuitive Surgical by 2.0% during the third quarter. Modera Wealth Management LLC now owns 1,715 shares of the medical equipment provider’s stock worth $501,000 after purchasing an additional 34 shares in the last quarter. Wesbanco Bank Inc. lifted its position in Intuitive Surgical by 53.0% in the third quarter. Wesbanco Bank Inc. now owns 1,146 shares of the medical equipment provider’s stock valued at $335,000 after acquiring an additional 397 shares during the last quarter. Headinvest LLC acquired a new position in Intuitive Surgical in the third quarter valued at $28,000. Arden Trust Co acquired a new position in Intuitive Surgical in the fourth quarter valued at $215,000. Finally, Pure Financial Advisors LLC grew its holdings in shares of Intuitive Surgical by 2.4% during the fourth quarter. Pure Financial Advisors LLC now owns 1,432 shares of the medical equipment provider’s stock worth $483,000 after purchasing an additional 34 shares during the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Price Performance

NASDAQ:ISRG traded up $0.76 on Tuesday, reaching $438.01. The stock had a trading volume of 1,435,234 shares, compared to its average volume of 1,505,773. The company has a market cap of $155.36 billion, a price-to-earnings ratio of 79.06, a P/E/G ratio of 5.74 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $449.00. The firm’s fifty day moving average is $419.15 and its two-hundred day moving average is $392.56.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 EPS for the quarter, topping the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a net margin of 27.16% and a return on equity of 12.91%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the previous year, the company earned $1.00 EPS. Intuitive Surgical’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In other news, Director Craig H. Barratt sold 1,400 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $421.06, for a total transaction of $589,484.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Craig H. Barratt sold 1,400 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $421.06, for a total transaction of $589,484.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction on Friday, April 26th. The shares were sold at an average price of $369.92, for a total value of $554,140.16. Following the completion of the transaction, the executive vice president now owns 5,507 shares in the company, valued at approximately $2,037,149.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,956 shares of company stock worth $6,927,011. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on ISRG. Evercore ISI boosted their target price on Intuitive Surgical from $385.00 to $425.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Citigroup increased their price objective on Intuitive Surgical from $462.00 to $512.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Stifel Nicolaus lifted their target price on shares of Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 8th. Piper Sandler increased their price target on shares of Intuitive Surgical from $435.00 to $490.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 9th. Finally, Truist Financial raised their price objective on shares of Intuitive Surgical from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and an average price target of $423.37.

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.