Public Employees Retirement System of Ohio Has $83.12 Million Stock Position in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Public Employees Retirement System of Ohio reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 169,193 shares of the medical equipment provider’s stock after selling 1,688 shares during the period. Public Employees Retirement System of Ohio’s holdings in Intuitive Surgical were worth $83,119,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in ISRG. Massachusetts Financial Services Co. MA acquired a new stake in shares of Intuitive Surgical in the 3rd quarter valued at $558,807,000. International Assets Investment Management LLC boosted its position in shares of Intuitive Surgical by 49,383.6% in the 3rd quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock worth $535,788,000 after purchasing an additional 1,088,415 shares during the last quarter. FMR LLC boosted its position in shares of Intuitive Surgical by 8.3% in the 3rd quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after purchasing an additional 838,793 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in shares of Intuitive Surgical by 40,221.4% in the 2nd quarter. Strategic Financial Concepts LLC now owns 266,121 shares of the medical equipment provider’s stock worth $1,184,000 after purchasing an additional 265,461 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Intuitive Surgical by 1.4% in the 3rd quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider’s stock worth $7,393,673,000 after purchasing an additional 210,363 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Performance

NASDAQ:ISRG opened at $550.41 on Monday. The stock’s 50-day simple moving average is $516.21 and its 200 day simple moving average is $474.66. The company has a market cap of $196.05 billion, a P/E ratio of 88.49, a P/E/G ratio of 5.41 and a beta of 1.38. Intuitive Surgical, Inc. has a 52-week low of $307.72 and a 52-week high of $556.23.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on ISRG shares. Mizuho lifted their target price on Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. Robert W. Baird lifted their target price on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Piper Sandler reiterated an “overweight” rating and set a $538.00 target price (up from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their price target on Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.33.

Insiders Place Their Bets

In other news, EVP Robert Desantis sold 238 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $477.50, for a total transaction of $113,645.00. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at $2,629,115. The trade was a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Mark Brosius sold 2,128 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,095,920.00. Following the transaction, the senior vice president now owns 273 shares in the company, valued at $140,595. The trade was a 88.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,723 shares of company stock valued at $26,241,747 over the last 90 days. 0.80% of the stock is currently owned by 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.