New York State Teachers Retirement System Sells 916 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

New York State Teachers Retirement System reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,710 shares of the medical equipment provider's stock after selling 916 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Intuitive Surgical worth $149,428,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $25,000. Parvin Asset Management LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $26,000. Global Financial Private Client LLC raised its holdings in shares of Intuitive Surgical by 253.3% during the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after acquiring an additional 38 shares during the period. Hurley Capital LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $28,000. Finally, Summit Securities Group LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $30,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ISRG has been the topic of a number of recent analyst reports. Royal Bank Of Canada cut their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Citigroup restated a "buy" rating and set a $650.00 price target (up previously from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Robert W. Baird cut their price target on shares of Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Evercore ISI cut their price target on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a report on Wednesday, April 23rd. Finally, Barclays cut their price target on shares of Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $588.95.

Insider Activity

In related news, SVP Mark Brosius sold 216 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $563.11, for a total transaction of $121,631.76. Following the completion of the transaction, the senior vice president owned 907 shares in the company, valued at approximately $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary Loeb sold 1,700 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $513.18, for a total transaction of $872,406.00. Following the completion of the transaction, the executive vice president owned 2,245 shares of the company's stock, valued at $1,152,089.10. This trade represents a 43.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,998 shares of company stock worth $2,611,577 in the last ninety days. Company insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG traded up $2.38 during trading on Wednesday, reaching $540.37. The company had a trading volume of 784,347 shares, compared to its average volume of 1,665,927. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00. The stock has a market cap of $193.68 billion, a PE ratio of 79.23, a PEG ratio of 5.76 and a beta of 1.64. The business's 50 day moving average price is $534.76 and its 200-day moving average price is $536.73.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The company had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.19 billion. During the same quarter in the previous year, the company earned $1.50 EPS. Equities analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

About Intuitive Surgical

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.