Arizona State Retirement System Buys 1,352 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Arizona State Retirement System grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,008 shares of the medical equipment provider’s stock after purchasing an additional 1,352 shares during the quarter. Arizona State Retirement System’s holdings in Intuitive Surgical were worth $53,766,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Berbice Capital Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth about $26,000. BankPlus Trust Department bought a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Intuitive Surgical during the 4th quarter worth approximately $31,000. MidAtlantic Capital Management Inc. acquired a new position in Intuitive Surgical during the third quarter valued at approximately $33,000. Finally, Decker Retirement Planning Inc. bought a new stake in Intuitive Surgical during the fourth quarter worth $36,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $557.96 on Wednesday. Intuitive Surgical, Inc. has a 1 year low of $364.17 and a 1 year high of $616.00. The company’s fifty day simple moving average is $571.08 and its two-hundred day simple moving average is $530.63. The stock has a market capitalization of $198.73 billion, a price-to-earnings ratio of 87.05, a PEG ratio of 5.85 and a beta of 1.39.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Evercore ISI boosted their price target on Intuitive Surgical from $490.00 to $530.00 in a report on Monday, January 27th. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. CICC Research assumed coverage on Intuitive Surgical in a report on Monday, January 27th. They issued a “neutral” rating and a $550.00 target price for the company. UBS Group raised their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the company a “neutral” rating in a report on Monday, January 27th. Finally, BTIG Research upped their price objective on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Insider Activity at Intuitive Surgical

In related news, CFO Jamie Samath sold 270 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total transaction of $145,840.50. Following the completion of the transaction, the chief financial officer now directly owns 8,757 shares in the company, valued at $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the completion of the sale, the director now directly owns 12,275 shares in the company, valued at approximately $6,955,015. The trade was a 27.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,598 shares of company stock valued at $7,223,467. Corporate insiders own 0.90% of the company’s stock.

About Intuitive Surgical

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.