IBM Retirement Fund decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,086 shares of the medical equipment provider’s stock after selling 127 shares during the period. IBM Retirement Fund’s holdings in Intuitive Surgical were worth $999,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its stake in shares of Intuitive Surgical by 31,963.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 14,633,595 shares during the period. BlackRock Inc. increased its stake in shares of Intuitive Surgical by 7.3% during the fourth quarter. BlackRock Inc. now owns 8,327,815 shares of the medical equipment provider’s stock worth $3,988,358,000 after purchasing an additional 569,388 shares during the period. Vanguard Group Inc increased its stake in shares of Intuitive Surgical by 0.4% during the third quarter. Vanguard Group Inc now owns 8,313,421 shares of the medical equipment provider’s stock worth $4,771,903,000 after purchasing an additional 29,260 shares during the period. Capital World Investors increased its stake in shares of Intuitive Surgical by 6.8% during the third quarter. Capital World Investors now owns 2,942,531 shares of the medical equipment provider’s stock worth $1,689,013,000 after purchasing an additional 188,476 shares during the period. Finally, Morgan Stanley increased its stake in shares of Intuitive Surgical by 119.5% during the third quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock worth $1,639,456,000 after purchasing an additional 1,554,896 shares during the period. Hedge funds and other institutional investors own 84.78% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. Royal Bank of Canada set a $560.00 target price on Intuitive Surgical and gave the stock a “hold” rating in a research note on Thursday, February 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $620.00 target price on shares of Intuitive Surgical in a research note on Friday, January 25th. Finally, Stifel Nicolaus lowered their price objective on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $566.40.

In other Intuitive Surgical news, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $551.79, for a total value of $1,153,241.10. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Jamie Samath sold 458 shares of the firm’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $500.03, for a total value of $229,013.74. Following the completion of the sale, the vice president now directly owns 198 shares in the company, valued at approximately $99,005.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,284 shares of company stock worth $22,205,382. Corporate insiders own 2.20% of the company’s stock.

Intuitive Surgical stock opened at $558.21 on Friday. Intuitive Surgical, Inc. has a one year low of $393.57 and a one year high of $581.12. The firm has a market cap of $64.40 billion, a price-to-earnings ratio of 58.82, a P/E/G ratio of 4.25 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, January 24th. The medical equipment provider reported $2.96 EPS for the quarter, missing the Zacks’ consensus estimate of $3.07 by ($0.11). Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the business earned $2.54 EPS. Intuitive Surgical’s revenue was up 17.3% on a year-over-year basis. On average, equities analysts forecast that Intuitive Surgical, Inc. will post 10.07 earnings per share for the current year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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