New York State Teachers Retirement System reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,425 shares of the medical equipment provider’s stock after selling 7,571 shares during the quarter. New York State Teachers Retirement System’s holdings in Intuitive Surgical were worth $82,053,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in ISRG. Icon Wealth Partners LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $26,000. Stone House Investment Management LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $31,000. Advisory Alpha LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $32,000. Ellis Investment Partners LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $34,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $37,000. 85.58% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently weighed in on ISRG shares. BidaskClub cut shares of Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, April 21st. UBS Group set a $260.00 price objective on shares of Boston Beer and gave the stock a “sell” rating in a research report on Friday, July 19th. Morgan Stanley set a $620.00 price objective on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, Citigroup upgraded shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 14th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $579.92.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 227 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $493.39, for a total transaction of $111,999.53. Following the completion of the sale, the director now owns 359,696 shares in the company, valued at approximately $177,470,409.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gary S. Guthart sold 22,636 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $501.48, for a total transaction of $11,351,501.28. Following the sale, the chief executive officer now owns 386,866 shares of the company’s stock, valued at approximately $194,005,561.68. The disclosure for this sale can be found here. Insiders have sold a total of 33,518 shares of company stock valued at $17,124,771 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Shares of Intuitive Surgical stock traded down $4.06 on Friday, hitting $527.63. 459,114 shares of the company’s stock traded hands, compared to its average volume of 621,832. The firm has a 50-day moving average price of $522.65. The company has a market cap of $61.28 billion, a PE ratio of 55.60, a PEG ratio of 3.95 and a beta of 1.08. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 EPS for the quarter, beating the consensus estimate of $2.23 by $1.02. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The business’s revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, analysts expect that Intuitive Surgical, Inc. will post 10.15 earnings per share for the current year.

Intuitive Surgical 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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