Public Employees Retirement System of Ohio Grows Stake in Intuitive Surgical, Inc. $ISRG

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Intuitive Surgical, Inc. by 1.5% in the second quarter, holding a total of 163,201 shares valued at approximately $88.7 million.
• Insider selling occurred, with EVP Myriam Curet reducing her holdings by 92.73% after selling 4,500 shares for over $2.2 million, and Director Amy L. Ladd also selling shares leading to a 31.19% decrease in her ownership.
• Intuitive Surgical reported a 21.4% year-over-year revenue increase with earnings per share of $2.19 for the last quarter, surpassing analyst expectations of $1.93.

Public Employees Retirement System of Ohio lifted its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 163,201 shares of the medical equipment provider's stock after purchasing an additional 2,347 shares during the period. Public Employees Retirement System of Ohio's holdings in Intuitive Surgical were worth $88,685,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Chilton Capital Management LLC lifted 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 valued at $25,000 after buying an additional 43 shares during the last quarter. Global Financial Private Client LLC lifted its holdings in 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 purchasing an additional 38 shares during the last quarter. Elite Financial Inc. bought a new position in Intuitive Surgical during the first quarter worth about $26,000. LFA Lugano Financial Advisors SA purchased a new position in shares of Intuitive Surgical in the first quarter worth about $30,000. Finally, TD Capital Management LLC raised its position in shares of Intuitive Surgical by 300.0% in the first 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. Hedge funds and other institutional investors own 83.64% of the company's stock.

Insider Activity at Intuitive Surgical

In other news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the sale, the executive vice president owned 353 shares in the company, valued at $173,845.44. This represents a 92.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Amy L. Ladd sold 335 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the completion of the transaction, the director owned 739 shares of the company's stock, valued at approximately $325,669.91. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 45,224 shares of company stock valued at $21,716,492. 0.70% of the stock is owned by insiders.

Intuitive Surgical Stock Up 0.7%

Shares of ISRG opened at $447.75 on Wednesday. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The stock has a market cap of $160.51 billion, a P/E ratio of 62.45, a P/E/G ratio of 4.66 and a beta of 1.61. The business's 50 day moving average price is $473.91 and its 200-day moving average price is $502.53.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on ISRG. Erste Group Bank reiterated a "hold" rating on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "sell" rating on shares of Intuitive Surgical in a report on Friday, August 22nd. UBS Group raised their price objective on shares of Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a research report on Wednesday, July 23rd. Wall Street Zen raised shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Evercore ISI raised their price target on shares of Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a report on Tuesday, July 8th. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $595.95.

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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