State Farm Mutual Automobile Insurance Co. continued to hold its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 9,513 shares of the medical equipment provider’s stock at the end of the second quarter. State Farm Mutual Automobile Insurance Co.’s holdings in Intuitive Surgical were worth $8,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alps Advisors Inc. grew its position in shares of Intuitive Surgical by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock valued at $605,000 after purchasing an additional 2 shares in the last quarter. Chilton Investment Co. LLC grew its position in Intuitive Surgical by 0.4% in the second quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock worth $470,000 after acquiring an additional 2 shares in the last quarter. Guardian Life Insurance Co. of America grew its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 3 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its position in Intuitive Surgical by 1.4% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock worth $266,000 after acquiring an additional 4 shares in the last quarter. Finally, Wetherby Asset Management Inc. grew its position in Intuitive Surgical by 1.4% in the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after acquiring an additional 5 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

ISRG has been the subject of several research reports. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $341.33 target price for the company in a research report on Wednesday, May 31st. Leerink Swann reiterated an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Barclays PLC upped their target price on shares of Intuitive Surgical from $290.00 to $333.33 and gave the stock an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley reiterated an “overweight” rating and issued a $356.67 target price (up from $316.67) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $333.33 target price (up from $290.00) on shares of Intuitive Surgical in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Intuitive Surgical has a consensus rating of “Buy” and a consensus target price of $366.12.

Intuitive Surgical, Inc. (NASDAQ:ISRG) traded up 0.59% during mid-day trading on Friday, reaching $1042.59. 313,408 shares of the company’s stock traded hands. The stock has a market capitalization of $38.73 billion, a PE ratio of 49.94 and a beta of 0.38. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,054.77. The stock has a 50-day moving average price of $969.63 and a 200-day moving average price of $873.73. Shares of Intuitive Surgical are going to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.05. The firm had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the business earned $1.87 EPS. Equities research analysts expect that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.

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In other news, SVP Curet Myriam sold 1,202 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $950.20, for a total value of $1,142,140.40. Following the completion of the sale, the senior vice president now owns 1,428 shares in the company, valued at approximately $1,356,885.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Mark J. Meltzer sold 500 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $1,025.00, for a total transaction of $512,500.00. Following the completion of the sale, the senior vice president now owns 2,796 shares of the company’s stock, valued at approximately $2,865,900. The disclosure for this sale can be found here. Insiders sold a total of 26,172 shares of company stock valued at $24,584,757 in the last 90 days. Company insiders own 2.20% of the company’s stock.

About Intuitive Surgical

Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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.

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

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