New York State Teachers Retirement System grew its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 163,996 shares of the medical equipment provider’s stock after purchasing an additional 213 shares during the quarter. New York State Teachers Retirement System’s holdings in Intuitive Surgical were worth $93,573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Buffington Mohr McNeal acquired a new stake in shares of Intuitive Surgical during the first quarter worth $86,000. Mn Services Vermogensbeheer B.V. increased its stake in Intuitive Surgical by 7.2% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 19,288 shares of the medical equipment provider’s stock valued at $8,081,000 after buying an additional 1,300 shares during the last quarter. Stevens Capital Management LP acquired a new stake in Intuitive Surgical in the 4th quarter valued at $6,786,000. Sigma Planning Corp increased its stake in Intuitive Surgical by 4.8% in the 4th quarter. Sigma Planning Corp now owns 3,270 shares of the medical equipment provider’s stock valued at $1,566,000 after buying an additional 149 shares during the last quarter. Finally, Larson Financial Group LLC acquired a new stake in Intuitive Surgical in the 4th quarter valued at $91,000. Institutional investors own 84.85% of the company’s stock.

In other news, CEO Gary S. Guthart sold 22,636 shares of Intuitive Surgical stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $501.48, for a total value of $11,351,501.28. Following the completion of the transaction, the chief executive officer now owns 386,866 shares of the company’s stock, valued at approximately $194,005,561.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Curet Myriam sold 2,200 shares of Intuitive Surgical stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $493.26, for a total transaction of $1,085,172.00. Following the completion of the transaction, the executive vice president now directly owns 3,101 shares of the company’s stock, valued at approximately $1,529,599.26. The disclosure for this sale can be found here. In the last three months, insiders sold 32,266 shares of company stock valued at $16,451,271. Insiders own 1.70% of the company’s stock.

ISRG has been the topic of several recent research reports. Stifel Nicolaus lowered their price target on shares of Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating on the stock in a research note on Friday, January 25th. Cantor Fitzgerald reiterated a “buy” rating and issued a $620.00 price target on shares of Intuitive Surgical in a research note on Friday, January 25th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 30th. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, Royal Bank of Canada set a $560.00 price target on shares of Intuitive Surgical and gave the company a “hold” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $576.82.

Shares of ISRG traded up $9.36 during midday trading on Thursday, reaching $498.50. The stock had a trading volume of 5,884 shares, compared to its average volume of 781,577. Intuitive Surgical, Inc. has a one year low of $430.24 and a one year high of $589.32. The company has a market cap of $57.15 billion, a PE ratio of 52.64, a price-to-earnings-growth ratio of 4.18 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing analysts’ consensus estimates of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The firm had revenue of $974.00 million during the quarter, compared to the consensus estimate of $975.27 million. During the same period last year, the business earned $2.44 EPS. The business’s revenue was up 14.9% on a year-over-year basis. As a group, analysts expect that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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Institutional Ownership by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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