New York State Teachers Retirement System Sells 7,690 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

New York State Teachers Retirement System lessened its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 314,676 shares of the medical equipment provider’s stock after selling 7,690 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Intuitive Surgical worth $154,591,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creekmur Asset Management LLC grew its holdings in shares of Intuitive Surgical by 288.7% in the third quarter. Creekmur Asset Management LLC now owns 1,854 shares of the medical equipment provider’s stock worth $911,000 after purchasing an additional 1,377 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its position in shares of Intuitive Surgical by 13.3% during the third quarter. Adell Harriman & Carpenter Inc. now owns 680 shares of the medical equipment provider’s stock worth $334,000 after acquiring an additional 80 shares during the period. Childress Capital Advisors LLC raised its stake in shares of Intuitive Surgical by 1.8% during the third quarter. Childress Capital Advisors LLC now owns 1,607 shares of the medical equipment provider’s stock valued at $789,000 after acquiring an additional 28 shares in the last quarter. Jacobsen Capital Management boosted its holdings in shares of Intuitive Surgical by 7.1% in the third quarter. Jacobsen Capital Management now owns 573 shares of the medical equipment provider’s stock valued at $281,000 after purchasing an additional 38 shares during the period. Finally, Valmark Advisers Inc. grew its stake in Intuitive Surgical by 2.9% in the third quarter. Valmark Advisers Inc. now owns 935 shares of the medical equipment provider’s stock worth $459,000 after purchasing an additional 26 shares in the last quarter. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Performance

NASDAQ ISRG traded down $4.82 on Wednesday, reaching $511.49. 130,642 shares of the company’s stock traded hands, compared to its average volume of 1,458,192. The stock has a 50 day moving average price of $489.22 and a 200-day moving average price of $444.82. The firm has a market cap of $182.18 billion, a price-to-earnings ratio of 83.01, a P/E/G ratio of 5.11 and a beta of 1.39. Intuitive Surgical, Inc. has a fifty-two week low of $260.17 and a fifty-two week high of $523.34.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 1,012 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $514.00, for a total value of $520,168.00. Following the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,830,084. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Amal M. Johnson sold 2,943 shares of Intuitive Surgical stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $443.30, for a total value of $1,304,631.90. Following the sale, the director now owns 12,275 shares of the company’s stock, valued at approximately $5,441,507.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 1,012 shares of Intuitive Surgical stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $514.00, for a total transaction of $520,168.00. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,830,084. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,038 shares of company stock valued at $25,857,344 over the last ninety days. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ISRG shares. BTIG Research set a $535.00 target price on Intuitive Surgical in a report on Friday, October 18th. Stifel Nicolaus upped their price target on shares of Intuitive Surgical from $475.00 to $525.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Leerink Partners lifted their price objective on shares of Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Raymond James upped their target price on Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Evercore ISI reiterated a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Intuitive Surgical presently has an average rating of “Moderate Buy” and a consensus target price of $513.74.

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.