New Mexico Educational Retirement Board Sells 400 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

New Mexico Educational Retirement Board cut its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 2.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,942 shares of the medical equipment provider’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Intuitive Surgical were worth $8,843,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning raised its holdings in shares of Intuitive Surgical by 9.3% in the 3rd quarter. Creative Planning now owns 68,881 shares of the medical equipment provider’s stock valued at $33,839,000 after purchasing an additional 5,842 shares during the period. Asset Dedication LLC raised its holdings in shares of Intuitive Surgical by 19.0% in the 3rd quarter. Asset Dedication LLC now owns 275 shares of the medical equipment provider’s stock valued at $135,000 after purchasing an additional 44 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Intuitive Surgical by 4.0% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,681 shares of the medical equipment provider’s stock valued at $826,000 after purchasing an additional 64 shares during the period. Teamwork Financial Advisors LLC raised its holdings in shares of Intuitive Surgical by 0.6% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 34,828 shares of the medical equipment provider’s stock valued at $17,110,000 after purchasing an additional 195 shares during the period. Finally, Trifecta Capital Advisors LLC raised its holdings in shares of Intuitive Surgical by 3.1% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 10,859 shares of the medical equipment provider’s stock valued at $5,335,000 after purchasing an additional 330 shares during the period. 83.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ISRG shares. Truist Financial upped their target price on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a report on Friday, January 24th. Evercore ISI increased their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $522.00 to $650.00 in a report on Monday, December 2nd. Piper Sandler reissued an “overweight” rating and issued a $670.00 price target (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Finally, Oppenheimer reissued a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus price target of $613.10.

Intuitive Surgical Trading Up 0.7 %

NASDAQ ISRG opened at $595.55 on Friday. The firm has a market capitalization of $212.12 billion, a price-to-earnings ratio of 92.91, a P/E/G ratio of 5.67 and a beta of 1.39. The firm’s 50 day simple moving average is $558.58 and its 200 day simple moving average is $518.00. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00.

Insider Buying and Selling

In related news, Director Amal M. Johnson sold 4,635 shares of the stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares of the company’s stock, valued at $6,955,015. This represents a 27.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,348 shares of company stock worth $3,587,582. Corporate insiders own 0.90% of the company’s stock.

About Intuitive Surgical

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.