Teacher Retirement System of Texas Purchases 89,617 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Teacher Retirement System of Texas grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 100.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,504 shares of the medical equipment provider’s stock after acquiring an additional 89,617 shares during the quarter. Teacher Retirement System of Texas’ holdings in Intuitive Surgical were worth $93,172,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC lifted its position in Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares during the period. Principal Financial Group Inc. raised its stake in shares of Intuitive Surgical by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider’s stock valued at $295,938,000 after buying an additional 9,194 shares in the last quarter. Quest Partners LLC bought a new position in shares of Intuitive Surgical during the 3rd quarter worth about $173,000. Pathstone Holdings LLC boosted its position in shares of Intuitive Surgical by 2.6% during the 3rd quarter. Pathstone Holdings LLC now owns 48,928 shares of the medical equipment provider’s stock valued at $24,037,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Banque Cantonale Vaudoise increased its stake in Intuitive Surgical by 6.1% in the third quarter. Banque Cantonale Vaudoise now owns 8,332 shares of the medical equipment provider’s stock valued at $4,094,000 after acquiring an additional 480 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Leerink Partners lifted their price objective on Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Evercore ISI boosted their price target on Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. Truist Financial dropped their price objective on Intuitive Surgical from $666.00 to $605.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Finally, Citigroup increased their target price on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $611.86.

Insider Transactions at Intuitive Surgical

In other news, CFO Jamie Samath sold 94 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $571.11, for a total value of $53,684.34. Following the transaction, the chief financial officer now directly owns 2,630 shares in the company, valued at $1,502,019.30. This trade represents a 3.45 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Amal M. Johnson sold 4,635 shares of the company’s stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 33,754 shares of company stock worth $17,691,621 in the last quarter. 0.90% of the stock is owned by company insiders.

Intuitive Surgical Stock Up 1.7 %

Shares of ISRG stock opened at $492.06 on Thursday. Intuitive Surgical, Inc. has a 12 month low of $364.17 and a 12 month high of $616.00. The firm has a market cap of $175.26 billion, a price-to-earnings ratio of 76.76, a PEG ratio of 5.85 and a beta of 1.43. The stock has a 50-day moving average price of $564.39 and a 200 day moving average price of $531.62.

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.