Kentucky Retirement Systems Cuts Stake in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Kentucky Retirement Systems lessened its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,729 shares of the medical equipment provider’s stock after selling 28 shares during the quarter. Kentucky Retirement Systems’ holdings in Intuitive Surgical were worth $11,890,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new stake in Intuitive Surgical during the 2nd quarter worth $26,000. Creekmur Asset Management LLC increased its position in shares of Intuitive Surgical by 200.0% during the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. LGT Financial Advisors LLC lifted its stake in shares of Intuitive Surgical by 415.4% in the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 54 shares in the last quarter. Delos Wealth Advisors LLC boosted its holdings in Intuitive Surgical by 380.0% in the first quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after purchasing an additional 57 shares during the last quarter. Finally, LRI Investments LLC acquired a new stake in Intuitive Surgical during the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Activity

In related news, EVP Robert Desantis sold 376 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $446.60, for a total value of $167,921.60. Following the completion of the transaction, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,458,979.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the sale, the senior vice president now directly owns 3,001 shares in the company, valued at $1,461,006.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Robert Desantis sold 376 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $446.60, for a total transaction of $167,921.60. Following the completion of the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,458,979.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,120 shares of company stock valued at $25,528,753. Insiders own 0.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ISRG. Morgan Stanley raised their price target on shares of Intuitive Surgical from $375.00 to $460.00 and gave the stock an “equal weight” rating in a research report on Monday, July 15th. The Goldman Sachs Group assumed coverage on shares of Intuitive Surgical in a research report on Thursday, May 30th. They issued a “buy” rating and a $500.00 target price for the company. Stifel Nicolaus upped their target price on shares of Intuitive Surgical from $430.00 to $475.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Truist Financial lifted their price target on Intuitive Surgical from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Finally, BTIG Research upped their price objective on Intuitive Surgical from $469.00 to $494.00 and gave the company a “buy” rating in a research note on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, Intuitive Surgical presently has an average rating of “Moderate Buy” and an average price target of $446.45.

Intuitive Surgical Stock Performance

ISRG stock opened at $482.09 on Thursday. Intuitive Surgical, Inc. has a 1 year low of $254.85 and a 1 year high of $496.18. The stock has a market capitalization of $171.00 billion, a price-to-earnings ratio of 87.02, a PEG ratio of 5.41 and a beta of 1.39. The stock’s fifty day moving average is $466.24 and its two-hundred day moving average is $423.80.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.24. The firm had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $1.97 billion. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. Intuitive Surgical’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the firm posted $1.18 EPS. As a group, analysts predict that Intuitive Surgical, Inc. will post 5.22 EPS for the current fiscal year.

Intuitive Surgical 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.