VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 36,000 Intuitive Surgical, Inc. $ISRG

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 36,000 shares of the medical equipment provider’s stock, valued at approximately $14,316,000.

Other hedge funds also recently bought and sold shares of the company. Main Street Group LTD bought a new position in shares of Intuitive Surgical in the first quarter worth approximately $30,000. Compass Financial Management LLC purchased a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $30,000. Vermillion Wealth Management Inc. increased its position in shares of Intuitive Surgical by 58.1% during the first quarter. Vermillion Wealth Management Inc. now owns 68 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 25 shares in the last quarter. Motiv8 Investments LLC bought a new stake in shares of Intuitive Surgical during the fourth quarter valued at approximately $34,000. Finally, Evergreen Advisors LLC bought a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $35,000. Institutional investors own 83.64% of the company’s stock.

Insider Buying and Selling

In related news, EVP Mark Brosius sold 77 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $375.57, for a total transaction of $28,918.89. Following the completion of the transaction, the executive vice president owned 881 shares in the company, valued at $330,877.17. The trade was a 8.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary S. Guthart sold 10,000 shares of the company’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $400.00, for a total transaction of $4,000,000.00. Following the completion of the transaction, the director owned 1,245,679 shares in the company, valued at approximately $498,271,600. The trade was a 0.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,635 shares of company stock worth $4,640,172. Insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on ISRG shares. Deutsche Bank Aktiengesellschaft cut their target price on Intuitive Surgical from $440.00 to $366.00 and set a “sell” rating on the stock in a research note on Tuesday, June 2nd. BTIG Research lowered their price target on Intuitive Surgical from $512.00 to $469.00 and set a “buy” rating on the stock in a report on Friday, July 17th. Oppenheimer raised Intuitive Surgical from a “market perform” rating to an “outperform” rating and set a $500.00 price target on the stock in a report on Wednesday, August 12th. KeyCorp reaffirmed an “overweight” rating on shares of Intuitive Surgical in a research report on Wednesday, August 12th. Finally, Wall Street Zen downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Twenty-two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $508.68.

Intuitive Surgical Stock Performance

NASDAQ ISRG opened at $366.70 on Tuesday. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88. The stock has a market cap of $129.55 billion, a PE ratio of 42.00, a P/E/G ratio of 2.77 and a beta of 1.47. The stock’s 50 day moving average is $380.66 and its 200 day moving average is $427.31.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 EPS for the quarter, topping the consensus estimate of $2.48 by $0.32. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS. On average, analysts forecast that Intuitive Surgical, Inc. will post 8.87 EPS for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.