Intuitive Surgical, Inc. $ISRG Stock Sold by Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust

Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 19.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,903 shares of the medical equipment provider’s stock after selling 5,686 shares during the period. Intuitive Surgical comprises approximately 2.4% of Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings, making the stock its 18th largest position. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust’s holdings in Intuitive Surgical were worth $9,720,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Jeppson Wealth Management LLC acquired a new position in Intuitive Surgical during the 3rd quarter worth approximately $259,000. Investment Research Partners LLC purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth approximately $207,000. Worth Financial Advisory Group LLC raised its stake in shares of Intuitive Surgical by 32.2% during the 3rd quarter. Worth Financial Advisory Group LLC now owns 887 shares of the medical equipment provider’s stock worth $361,000 after buying an additional 216 shares in the last quarter. Trellis Wealth Advisors LLC purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth approximately $98,000. Finally, Richards Merrill & Peterson Inc. lifted its holdings in shares of Intuitive Surgical by 8.8% in the 3rd quarter. Richards Merrill & Peterson Inc. now owns 6,863 shares of the medical equipment provider’s stock valued at $2,791,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Trading Up 1.5%

ISRG stock opened at $433.18 on Tuesday. The firm has a 50 day moving average of $392.22 and a 200-day moving average of $409.24. Intuitive Surgical, Inc. has a 12-month low of $328.57 and a 12-month high of $603.88. The company has a market cap of $153.03 billion, a price-to-earnings ratio of 49.62, a PEG ratio of 3.22 and a beta of 1.46.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Robert W. Baird decreased their price target on Intuitive Surgical from $525.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, July 17th. Piper Sandler reaffirmed an “overweight” rating on shares of Intuitive Surgical in a report on Friday, August 21st. UBS Group reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 13th. Wells Fargo & Company reiterated an “overweight” rating and issued a $487.00 price objective (down from $654.00) on shares of Intuitive Surgical in a research report on Friday, July 17th. Finally, HSBC downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $391.00 target price for the company. in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $498.83.

Insiders Place Their Bets

In related news, EVP Mark Brosius sold 77 shares of Intuitive Surgical stock in a transaction on Friday, August 21st. The stock was sold at an average price of $375.57, for a total transaction of $28,918.89. Following the completion of the transaction, the executive vice president directly owned 881 shares of the company’s stock, valued at approximately $330,877.17. The trade was a 8.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Amy L. Ladd sold 72 shares of the business’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $393.10, for a total value of $28,303.20. Following the sale, the director owned 179 shares in the company, valued at approximately $70,364.90. The trade was a 28.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 12,370 shares of company stock worth $4,891,989. 0.60% of the stock is owned by insiders.

About Intuitive Surgical

Intuitive Surgical, Inc develops and manufactures robotic-assisted systems and related technologies for minimally invasive surgery. Its products are designed to help surgeons perform procedures through small incisions while providing enhanced visualization, precision and control. The company’s primary platform is the da Vinci Surgical System, which is used across a range of specialties, including urology, gynecology, general surgery, cardiothoracic surgery and other procedures.

The company also offers the Ion endoluminal system, which is designed to support minimally invasive lung biopsy procedures.