Police & Firemen s Retirement System of New Jersey Acquires 2,754 Shares of Intuitive Surgical, Inc. $ISRG

Police & Firemen s Retirement System of New Jersey grew its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) by 5.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,174 shares of the medical equipment provider’s stock after buying an additional 2,754 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Intuitive Surgical were worth $29,439,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new stake in Intuitive Surgical in the first quarter worth $1,715,899,000. Goldman Sachs Group Inc. boosted its position in shares of Intuitive Surgical by 26.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,819,666 shares of the medical equipment provider’s stock worth $1,396,496,000 after purchasing an additional 584,375 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Intuitive Surgical by 20.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,393,951 shares of the medical equipment provider’s stock valued at $1,680,922,000 after buying an additional 566,979 shares during the period. Jennison Associates LLC increased its position in Intuitive Surgical by 20.4% in the 2nd quarter. Jennison Associates LLC now owns 3,122,390 shares of the medical equipment provider’s stock valued at $1,696,738,000 after buying an additional 528,359 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Intuitive Surgical by 15.0% during the 1st quarter. Wellington Management Group LLP now owns 3,499,052 shares of the medical equipment provider’s stock worth $1,732,975,000 after buying an additional 457,080 shares during the period. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Up 0.0%

ISRG stock opened at $572.45 on Thursday. The firm has a market cap of $205.21 billion, a PE ratio of 75.72, a P/E/G ratio of 4.94 and a beta of 1.62. The business has a 50 day moving average of $478.64 and a 200-day moving average of $502.49. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.41. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $1.84 earnings per share. Intuitive Surgical’s revenue was up 22.9% on a year-over-year basis. On average, research analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Myriam Curet sold 105 shares of Intuitive Surgical stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $560.00, for a total value of $58,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Fredrik Widman sold 2,067 shares of the stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $550.00, for a total transaction of $1,136,850.00. Following the transaction, the vice president directly owned 473 shares of the company’s stock, valued at $260,150. This represents a 81.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,683 shares of company stock valued at $53,517,192 in the last three months. 0.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ISRG. Royal Bank Of Canada set a $625.00 price target on shares of Intuitive Surgical and gave the company an “outperform” rating in a research report on Wednesday, October 22nd. Argus boosted their target price on shares of Intuitive Surgical from $600.00 to $630.00 in a research report on Monday, October 27th. BTIG Research raised their price target on shares of Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Sanford C. Bernstein reissued an “outperform” rating and set a $685.00 price objective on shares of Intuitive Surgical in a report on Tuesday, October 21st. Finally, Hsbc Global Res upgraded Intuitive Surgical to a “strong-buy” rating in a report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $608.92.

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.