Employees Retirement System of Texas Raises Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Employees Retirement System of Texas lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 65.3% in the second quarter, HoldingsChannel reports. The firm owned 126,596 shares of the medical equipment provider’s stock after purchasing an additional 50,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Intuitive Surgical were worth $43,288,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ISRG. Solstein Capital LLC purchased a new stake in shares of Intuitive Surgical during the 2nd quarter valued at about $25,000. RFP Financial Group LLC raised its position in Intuitive Surgical by 166.7% during the second quarter. RFP Financial Group LLC now owns 80 shares of the medical equipment provider’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Marquette Asset Management LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $28,000. Barrett & Company Inc. purchased a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $30,000. Finally, Capital Advisors Ltd. LLC increased its position in shares of Intuitive Surgical by 200.0% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 87 shares of the medical equipment provider’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Institutional investors own 82.91% of the company’s stock.

Intuitive Surgical Trading Down 0.0 %

Shares of ISRG stock traded down $0.02 during trading hours on Tuesday, hitting $311.32. The company’s stock had a trading volume of 309,101 shares, compared to its average volume of 1,765,472. The company has a 50 day moving average of $284.44 and a 200 day moving average of $305.17. Intuitive Surgical, Inc. has a 12-month low of $222.65 and a 12-month high of $358.07. The stock has a market cap of $109.61 billion, a PE ratio of 73.26, a price-to-earnings-growth ratio of 4.85 and a beta of 1.31.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.06. Intuitive Surgical had a return on equity of 12.91% and a net margin of 22.14%. The company had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 4.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on ISRG shares. TheStreet raised shares of Intuitive Surgical from a “c+” rating to a “b” rating in a research note on Monday, July 24th. Stifel Nicolaus raised their price target on Intuitive Surgical from $315.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday. UBS Group reduced their target price on Intuitive Surgical from $385.00 to $314.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. HSBC began coverage on shares of Intuitive Surgical in a research note on Friday. They set a “buy” rating and a $318.00 target price for the company. Finally, Barclays upped their target price on shares of Intuitive Surgical from $314.00 to $385.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $342.71.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Amy L. Ladd sold 500 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $305.68, for a total transaction of $152,840.00. Following the completion of the transaction, the director now directly owns 702 shares of the company’s stock, valued at approximately $214,587.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Amal M. Johnson sold 9,567 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $300.00, for a total value of $2,870,100.00. Following the transaction, the director now directly owns 11,706 shares of the company’s stock, valued at approximately $3,511,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Amy L. Ladd sold 500 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $305.68, for a total value of $152,840.00. Following the sale, the director now owns 702 shares of the company’s stock, valued at $214,587.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,208 shares of company stock valued at $15,275,529. 0.90% of the stock is owned by company insiders.

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 to enable 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.