33,529 Shares of Intuitive Surgical, Inc. $ISRG Purchased by PBU The Pension Fund of Early Childhood & Youth Educators

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the third quarter, Holdings Channel.com reports. The fund bought 33,529 shares of the medical equipment provider’s stock, valued at approximately $13,634,000.

Other institutional investors have also modified their holdings of the company. Three Bridge Wealth Advisors LLC lifted its holdings in shares of Intuitive Surgical by 10.7% in the 3rd quarter. Three Bridge Wealth Advisors LLC now owns 629 shares of the medical equipment provider’s stock worth $256,000 after buying an additional 61 shares during the period. Capstone Wealth Management Group LLC increased its stake in shares of Intuitive Surgical by 151.5% during the third quarter. Capstone Wealth Management Group LLC now owns 3,006 shares of the medical equipment provider’s stock valued at $1,344,000 after buying an additional 1,811 shares during the period. Bingham Private Wealth LLC increased its stake in shares of Intuitive Surgical by 22.7% during the third quarter. Bingham Private Wealth LLC now owns 842 shares of the medical equipment provider’s stock valued at $342,000 after buying an additional 156 shares during the period. Bourne Lent Asset Management Inc. raised its holdings in shares of Intuitive Surgical by 1.1% in the third quarter. Bourne Lent Asset Management Inc. now owns 26,943 shares of the medical equipment provider’s stock valued at $10,956,000 after acquiring an additional 300 shares in the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Intuitive Surgical by 12.7% in the third quarter. Maryland State Retirement & Pension System now owns 21,500 shares of the medical equipment provider’s stock valued at $8,743,000 after acquiring an additional 2,422 shares in the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Intuitive Surgical in a research note on Friday, August 21st. Royal Bank Of Canada reduced their price target on shares of Intuitive Surgical from $575.00 to $550.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Intuitive Surgical in a research report on Thursday. Barclays reaffirmed an “overweight” rating and issued a $500.00 price target (up from $485.00) on shares of Intuitive Surgical in a research report on Wednesday, October 21st. Finally, Robert W. Baird increased their price objective on shares of Intuitive Surgical from $513.00 to $550.00 and gave the company an “outperform” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $493.54.

Insiders Place Their Bets

In other Intuitive Surgical news, VP Fredrik Widman sold 4,047 shares of the stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $453.21, for a total transaction of $1,834,140.87. Following the completion of the sale, the vice president directly owned 1,026 shares of the company’s stock, valued at approximately $464,993.46. This represents a 79.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Patricia Wadors sold 1,078 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $443.80, for a total transaction of $478,416.40. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,456 shares of company stock valued at $17,769,124 in the last three months. 0.60% of the stock is currently owned by insiders.

Intuitive Surgical Trading Down 2.1%

ISRG opened at $439.89 on Friday. The firm has a market cap of $152.48 billion, a price-to-earnings ratio of 53.19, a PEG ratio of 3.10 and a beta of 1.45. Intuitive Surgical, Inc. has a 12 month low of $328.57 and a 12 month high of $603.88. The stock has a fifty day moving average price of $416.12 and a 200-day moving average price of $430.38.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, October 20th. The medical equipment provider reported $3.00 earnings per share for the quarter, beating analysts’ consensus estimates of $2.65 by $0.35. Intuitive Surgical had a return on equity of 18.17% and a net margin of 25.54%. The company had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.91 billion. During the same quarter last year, the company earned $2.40 earnings per share. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post 9.37 EPS for the current year.

Intuitive Surgical Profile

Intuitive Surgical develops, manufactures and markets robotic-assisted systems for minimally invasive procedures. Its products include da Vinci surgical systems, which allow surgeons to control instruments and a high-definition vision system from a console, as well as the Ion endoluminal system, designed to assist with minimally invasive lung biopsies. The company also provides instruments, accessories, training and support services for its systems. Its technology is used in a range of surgical specialties, including urology, general surgery and gynecology.