Arizona State Retirement System grew its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 212.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,348 shares of the medical equipment provider’s stock after purchasing an additional 30,855 shares during the period. Arizona State Retirement System’s holdings in Intuitive Surgical were worth $16,549,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in ISRG. Lord Abbett & CO. LLC increased its holdings in shares of Intuitive Surgical by 55.5% in the second quarter. Lord Abbett & CO. LLC now owns 62,078 shares of the medical equipment provider’s stock valued at $58,066,000 after purchasing an additional 22,152 shares during the period. W. E. Donoghue & Co. LLC acquired a new position in shares of Intuitive Surgical in the second quarter valued at approximately $2,306,000. Eqis Capital Management Inc. increased its holdings in shares of Intuitive Surgical by 17.2% in the third quarter. Eqis Capital Management Inc. now owns 408 shares of the medical equipment provider’s stock valued at $427,000 after purchasing an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Intuitive Surgical in the third quarter valued at approximately $2,524,000. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Intuitive Surgical by 152.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 43,496 shares of the medical equipment provider’s stock valued at $45,491,000 after purchasing an additional 26,260 shares during the period. 36.79% of the stock is currently owned by institutional investors and hedge funds.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $409.89 on Thursday. The company has a market capitalization of $45,930.00, a price-to-earnings ratio of 72.16, a price-to-earnings-growth ratio of 4.73 and a beta of 0.50. Intuitive Surgical, Inc. has a 12-month low of $236.84 and a 12-month high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. The company had revenue of $892.40 million for the quarter, compared to the consensus estimate of $866.54 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. Intuitive Surgical’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.03 earnings per share. analysts expect that Intuitive Surgical, Inc. will post 7.93 EPS for the current fiscal year.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 7,724 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $414.50, for a total transaction of $3,201,598.00. Following the sale, the chief executive officer now directly owns 275,220 shares in the company, valued at $114,078,690. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Curet Myriam sold 262 shares of the business’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total value of $113,053.00. Following the sale, the executive vice president now owns 2,152 shares in the company, valued at $928,588. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 85,016 shares of company stock worth $35,133,026. 2.20% of the stock is owned by company insiders.

ISRG has been the topic of a number of analyst reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target on the stock in a research note on Tuesday, December 12th. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, October 20th. Finally, BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Intuitive Surgical has an average rating of “Buy” and an average price target of $408.48.

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

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