Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 24,375 shares of the medical equipment provider’s stock after selling 336 shares during the quarter. Kentucky Retirement Systems’ holdings in Intuitive Surgical were worth $12,723,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Berbice Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter valued at about $26,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Intuitive Surgical during the third quarter valued at approximately $33,000. Decker Retirement Planning Inc. purchased a new position in Intuitive Surgical during the fourth quarter worth approximately $36,000. Capital Performance Advisors LLP acquired a new stake in Intuitive Surgical during the 3rd quarter valued at $38,000. Finally, DT Investment Partners LLC lifted its position in shares of Intuitive Surgical by 80.0% during the third quarter. DT Investment Partners LLC now owns 81 shares of the medical equipment provider’s stock worth $40,000 after purchasing an additional 36 shares during the last quarter. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insiders Place Their Bets

In other Intuitive Surgical news, CFO Jamie Samath sold 108 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the transaction, the chief financial officer now owns 8,757 shares in the company, valued at $4,746,819.42. The trade was a 1.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the sale, the director now directly owns 12,275 shares of the company’s stock, valued at approximately $6,955,015. This trade represents a 27.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,348 shares of company stock valued at $3,587,582. Company insiders own 0.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ISRG. Bernstein Bank lifted their price objective on shares of Intuitive Surgical from $655.00 to $700.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Erste Group Bank raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Stifel Nicolaus raised their target price on shares of Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Finally, Truist Financial increased their price target on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $613.10.

Intuitive Surgical Stock Down 0.3 %

Intuitive Surgical stock opened at $606.57 on Friday. The business has a fifty day moving average of $564.41 and a two-hundred day moving average of $523.46. The firm has a market cap of $216.05 billion, a P/E ratio of 94.63, a P/E/G ratio of 5.87 and a beta of 1.39. Intuitive Surgical, Inc. has a twelve month low of $364.17 and a twelve month high of $616.00.

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.