Oregon Public Employees Retirement Fund Increases Stake in Intuitive Surgical, Inc. (ISRG)

Oregon Public Employees Retirement Fund lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 45,782 shares of the medical equipment provider’s stock after acquiring an additional 337 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Intuitive Surgical were worth $26,279,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Shaker Investments LLC OH increased its position in Intuitive Surgical by 42.9% during the 3rd quarter. Shaker Investments LLC OH now owns 3,000 shares of the medical equipment provider’s stock valued at $1,722,000 after buying an additional 900 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Intuitive Surgical by 2.1% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 14,399 shares of the medical equipment provider’s stock valued at $8,265,000 after buying an additional 302 shares in the last quarter. Ballentine Partners LLC bought a new position in Intuitive Surgical during the 3rd quarter valued at approximately $270,000. CLARET ASSET MANAGEMENT Corp bought a new position in Intuitive Surgical during the 3rd quarter valued at approximately $424,000. Finally, TCW Group Inc. increased its position in Intuitive Surgical by 10.6% during the 3rd quarter. TCW Group Inc. now owns 63,409 shares of the medical equipment provider’s stock valued at $36,397,000 after buying an additional 6,090 shares in the last quarter. 84.14% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the company. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Citigroup raised their price objective on Intuitive Surgical from $561.00 to $592.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Stifel Nicolaus raised their price objective on Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 20th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $575.00 price objective on shares of Intuitive Surgical in a research report on Friday, July 20th. Finally, Royal Bank of Canada set a $550.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $554.01.

In other Intuitive Surgical news, Director Amal M. Johnson sold 1,000 shares of Intuitive Surgical stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $500.00, for a total value of $500,000.00. Following the completion of the sale, the director now owns 9,874 shares of the company’s stock, valued at approximately $4,937,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jamie Samath sold 864 shares of Intuitive Surgical stock in a transaction on Tuesday, October 23rd. The stock was sold at an average price of $499.21, for a total value of $431,317.44. Following the completion of the sale, the vice president now directly owns 257 shares of the company’s stock, valued at approximately $128,296.97. The disclosure for this sale can be found here. In the last three months, insiders sold 75,503 shares of company stock valued at $38,771,530. Corporate insiders own 2.20% of the company’s stock.

Intuitive Surgical stock opened at $490.82 on Wednesday. The firm has a market capitalization of $55.60 billion, a price-to-earnings ratio of 68.26, a price-to-earnings-growth ratio of 3.21 and a beta of 0.89. Intuitive Surgical, Inc. has a 12 month low of $359.75 and a 12 month high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.17. The business had revenue of $920.90 million during the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.77 EPS. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 9.52 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. The company's da Vinci surgical System translates a surgeon's natural hand movements, which are performed on instrument controls at a console into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.

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

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