California State Teachers Retirement System lifted its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 223.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,246 shares of the medical equipment provider’s stock after buying an additional 137,722 shares during the period. California State Teachers Retirement System owned about 0.18% of Intuitive Surgical worth $72,713,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. MUFG Americas Holdings Corp bought a new position in Intuitive Surgical during the third quarter valued at approximately $208,000. Capital Investment Counsel Inc bought a new position in Intuitive Surgical during the third quarter valued at approximately $209,000. Coldstream Capital Management Inc. bought a new position in Intuitive Surgical during the third quarter valued at approximately $214,000. Synovus Financial Corp bought a new position in Intuitive Surgical during the third quarter valued at approximately $242,000. Finally, Dupont Capital Management Corp bought a new position in Intuitive Surgical in the third quarter worth approximately $251,000. Hedge funds and other institutional investors own 87.85% of the company’s stock.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) opened at $438.95 on Tuesday. The stock has a market cap of $49,630.00, a price-to-earnings ratio of 51.52, a PEG ratio of 5.25 and a beta of 0.51. Intuitive Surgical, Inc. has a 52 week low of $242.46 and a 52 week high of $452.00.
Several research firms have weighed in on ISRG. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday, January 11th. Barclays reiterated an “overweight” rating and issued a $465.00 price target on shares of Intuitive Surgical in a research report on Thursday, January 11th. Citigroup decreased their price target on shares of Intuitive Surgical to $507.00 and set a “buy” rating on the stock in a research report on Tuesday, February 6th. Cantor Fitzgerald reiterated a “buy” rating and issued a $490.00 price target on shares of Intuitive Surgical in a research report on Friday, January 26th. Finally, Vetr upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $443.17 price target on the stock in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Intuitive Surgical currently has an average rating of “Buy” and a consensus price target of $408.76.
In other news, COO Salvatore Brogna sold 7,934 shares of the stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $421.37, for a total value of $3,343,149.58. Following the completion of the sale, the chief operating officer now directly owns 6,159 shares of the company’s stock, valued at $2,595,217.83. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Curet Myriam sold 262 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total transaction of $113,053.00. Following the completion of the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at $928,588. The disclosure for this sale can be found here. Over the last three months, insiders sold 102,770 shares of company stock valued at $43,410,836. Corporate insiders own 2.20% of the company’s stock.
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Intuitive Surgical Company Profile
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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