Teacher Retirement System of Texas Has $93.98 Million Stock Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Teacher Retirement System of Texas increased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,749 shares of the medical equipment provider's stock after acquiring an additional 11,245 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.05% of Intuitive Surgical worth $93,977,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Atala Financial Inc purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter valued at about $28,000. Parvin Asset Management LLC purchased a new stake in Intuitive Surgical during the fourth quarter worth approximately $26,000. Global Financial Private Client LLC raised its position in Intuitive Surgical by 253.3% in 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 period. Finally, Summit Securities Group LLC acquired a new position in shares of Intuitive Surgical during the fourth quarter worth $30,000. Institutional investors and hedge funds own 83.64% of the company's stock.

Analyst Upgrades and Downgrades

ISRG has been the subject of a number of recent analyst reports. Barclays lowered their price objective on Intuitive Surgical from $684.00 to $635.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Robert W. Baird cut their target price on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Evercore ISI lowered their target price on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research note on Wednesday, April 23rd. Erste Group Bank upgraded shares of Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Finally, BTIG Research set a $560.00 target price on Intuitive Surgical and gave the stock a "buy" rating in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $588.95.

Intuitive Surgical Stock Performance

Intuitive Surgical stock traded up $3.14 during midday trading on Thursday, reaching $543.74. The stock had a trading volume of 704,815 shares, compared to its average volume of 1,670,474. The firm's fifty day simple moving average is $535.82 and its 200-day simple moving average is $536.76. Intuitive Surgical, Inc. has a 1-year low of $413.82 and a 1-year high of $616.00. The stock has a market capitalization of $194.89 billion, a P/E ratio of 79.73, a price-to-earnings-growth ratio of 5.73 and a beta of 1.64.

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

Insider Activity at Intuitive Surgical

In related news, SVP Mark Brosius sold 216 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the transaction, the senior vice president owned 907 shares in the company, valued at $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gary Loeb sold 1,700 shares of the company's stock in a transaction 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 sale, the executive vice president directly owned 2,245 shares in the company, 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 sold 4,998 shares of company stock worth $2,611,577 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Intuitive Surgical Company 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.