Intuitive Surgical, Inc. $ISRG Shares Acquired by Maryland State Retirement & Pension System

Key Points

• The Maryland State Retirement & Pension System increased its holdings in Intuitive Surgical, Inc. by 5.0% in Q2, owning 17,346 shares valued at approximately $9.4 million.
• Insider Gary S. Guthart sold 29,360 shares for over $13.8 million, decreasing his stake by nearly 60%, while corporate insiders have sold a total of around $21.7 million in shares recently.
• Analysts have varying opinions on the stock, with a consensus of "Moderate Buy" and a target price averaging $589.43, following several upgrades from firms like Wells Fargo and UBS.

Maryland State Retirement & Pension System raised its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,346 shares of the medical equipment provider's stock after acquiring an additional 825 shares during the quarter. Maryland State Retirement & Pension System's holdings in Intuitive Surgical were worth $9,426,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chilton Capital Management LLC boosted its position in shares of Intuitive Surgical by 614.3% during the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Elite Financial Inc. acquired a new position in shares of Intuitive Surgical during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA acquired a new position in shares of Intuitive Surgical during the 1st quarter worth about $30,000. TD Capital Management LLC boosted its position in shares of Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock valued at $30,000 after purchasing an additional 45 shares during the period. Finally, 1248 Management LLC acquired a new stake in shares of Intuitive Surgical in the 1st quarter valued at about $30,000. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Intuitive Surgical

In related news, insider Gary S. Guthart sold 29,360 shares of the firm's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the transaction, the insider directly owned 19,827 shares of the company's stock, valued at $9,368,059.23. This trade represents a 59.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Amy L. Ladd sold 336 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $470.11, for a total value of $157,956.96. Following the completion of the transaction, the director directly owned 1,074 shares of the company's stock, valued at $504,898.14. The trade was a 23.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,224 shares of company stock valued at $21,716,492 in the last ninety days. Corporate insiders own 0.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Intuitive Surgical from $559.00 to $599.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. UBS Group upped their target price on Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reissued a "sell" rating on shares of Intuitive Surgical in a research report on Friday, August 22nd. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $589.43.

Intuitive Surgical Trading Up 1.6%

Shares of ISRG stock opened at $448.09 on Thursday. The company has a market cap of $160.63 billion, a price-to-earnings ratio of 62.50, a price-to-earnings-growth ratio of 4.64 and a beta of 1.61. The stock has a 50 day simple moving average of $460.50 and a 200-day simple moving average of $499.05. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.93 by $0.26. The business had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company's revenue for the quarter was up 21.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. On average, equities analysts forecast that Intuitive Surgical, Inc. will post 6.43 earnings per share 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.

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