IBM Retirement Fund decreased its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,213 shares of the medical equipment provider’s stock after selling 319 shares during the period. IBM Retirement Fund’s holdings in Intuitive Surgical were worth $1,270,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ISRG. CENTRAL TRUST Co lifted its holdings in Intuitive Surgical by 26.4% in the third quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock worth $264,000 after acquiring an additional 96 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Intuitive Surgical by 1.4% in the second quarter. Wedbush Securities Inc. now owns 7,086 shares of the medical equipment provider’s stock worth $3,391,000 after acquiring an additional 98 shares during the last quarter. Securian Asset Management Inc increased its stake in shares of Intuitive Surgical by 0.9% in the second quarter. Securian Asset Management Inc now owns 11,795 shares of the medical equipment provider’s stock valued at $5,644,000 after purchasing an additional 100 shares during the period. Wetherby Asset Management Inc. increased its stake in shares of Intuitive Surgical by 6.8% in the third quarter. Wetherby Asset Management Inc. now owns 1,623 shares of the medical equipment provider’s stock valued at $931,000 after purchasing an additional 103 shares during the period. Finally, Park Avenue Securities LLC increased its stake in shares of Intuitive Surgical by 17.6% in the third quarter. Park Avenue Securities LLC now owns 735 shares of the medical equipment provider’s stock valued at $422,000 after purchasing an additional 110 shares during the period. 83.98% of the stock is currently owned by institutional investors and hedge funds.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 225 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total value of $121,509.00. Following the transaction, the director now owns 379,175 shares in the company, valued at $204,769,667. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Mark J. Rubash sold 150 shares of Intuitive Surgical stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $543.66, for a total transaction of $81,549.00. Following the completion of the transaction, the director now owns 4,116 shares in the company, valued at approximately $2,237,704.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,311 shares of company stock worth $24,144,846. 2.20% of the stock is currently owned by company insiders.

Intuitive Surgical stock opened at $504.00 on Tuesday. The company has a market capitalization of $60.82 billion, a price-to-earnings ratio of 70.10, a price-to-earnings-growth ratio of 3.58 and a beta of 1.02. Intuitive Surgical, Inc. has a 1 year low of $359.75 and a 1 year high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.17. The firm had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.77 earnings per share. Equities analysts forecast that Intuitive Surgical, Inc. will post 9.52 EPS for the current year.

ISRG has been the topic of several analyst reports. Piper Jaffray Companies upgraded shares of Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target on the stock in a research note on Tuesday, October 9th. Morgan Stanley raised their price target on shares of Intuitive Surgical from $575.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, October 11th. Wells Fargo & Co raised their price target on shares of Intuitive Surgical from $575.00 to $635.00 and gave the company an “outperform” rating in a research note on Wednesday, September 12th. Bank of America raised their price target on shares of Intuitive Surgical from $510.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, July 17th. Finally, BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a research note on Sunday, October 21st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $554.64.

COPYRIGHT VIOLATION NOTICE: “Intuitive Surgical, Inc. (ISRG) Shares Sold by IBM Retirement Fund” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/11/13/intuitive-surgical-inc-isrg-shares-sold-by-ibm-retirement-fund.html.

About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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.

See Also: Stock Symbol

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

Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.