State of Michigan Retirement System Purchases 100 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

State of Michigan Retirement System raised its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 0.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,153 shares of the medical equipment provider’s stock after buying an additional 100 shares during the period. Intuitive Surgical comprises 0.5% of State of Michigan Retirement System’s holdings, making the stock its 29th biggest holding. State of Michigan Retirement System owned about 0.06% of Intuitive Surgical worth $104,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Berbice Capital Management LLC purchased a new stake in Intuitive Surgical in the 4th quarter valued at about $26,000. BankPlus Trust Department purchased a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $28,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $31,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Intuitive Surgical in the 3rd quarter worth approximately $33,000. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Intuitive Surgical in the 4th quarter worth approximately $36,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Intuitive Surgical news, SVP Mark Brosius sold 492 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $573.78, for a total value of $282,299.76. Following the completion of the transaction, the senior vice president now owns 4,056 shares of the company’s stock, valued at approximately $2,327,251.68. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Myriam Curet sold 408 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total transaction of $240,618.00. Following the transaction, the executive vice president now directly owns 353 shares of the company’s stock, valued at approximately $208,181.75. This trade represents a 53.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,598 shares of company stock valued at $7,223,467. Insiders own 0.90% of the company’s stock.

Intuitive Surgical Trading Down 1.1 %

NASDAQ ISRG opened at $566.98 on Tuesday. The company has a fifty day simple moving average of $570.66 and a two-hundred day simple moving average of $530.08. The stock has a market cap of $201.95 billion, a P/E ratio of 88.45, a P/E/G ratio of 5.85 and a beta of 1.39. Intuitive Surgical, Inc. has a 12-month low of $364.17 and a 12-month high of $616.00.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Evercore ISI upped their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Company 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.