Oppenheimer & Co. Inc. lessened its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 18.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 846 shares of the medical equipment provider’s stock after selling 189 shares during the period. Oppenheimer & Co. Inc.’s holdings in Intuitive Surgical were worth $791,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Keybank National Association OH grew its position in shares of Intuitive Surgical by 26.7% in the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock valued at $1,237,000 after acquiring an additional 279 shares during the period. Brown Advisory Securities LLC grew its position in shares of Intuitive Surgical by 1.4% in the 1st quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock valued at $1,722,000 after acquiring an additional 31 shares during the period. Vident Investment Advisory LLC grew its position in shares of Intuitive Surgical by 137.0% in the 1st quarter. Vident Investment Advisory LLC now owns 9,572 shares of the medical equipment provider’s stock valued at $7,337,000 after acquiring an additional 5,534 shares during the period. Swiss National Bank grew its position in shares of Intuitive Surgical by 0.3% in the 2nd quarter. Swiss National Bank now owns 212,282 shares of the medical equipment provider’s stock valued at $198,562,000 after acquiring an additional 600 shares during the period. Finally, Marshall Wace North America L.P. bought a new position in shares of Intuitive Surgical in the 1st quarter valued at about $9,596,000. 94.23% of the stock is owned by institutional investors.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 1045.48 on Tuesday. Intuitive Surgical, Inc. has a 52 week low of $610.71 and a 52 week high of $1,054.77. The firm has a market cap of $38.84 billion, a PE ratio of 50.08 and a beta of 0.38. The firm has a 50-day moving average of $970.87 and a 200 day moving average of $876.81. Shares of Intuitive Surgical are set to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, October 5th.

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

In other news, SVP Mark J. Meltzer sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $1,025.00, for a total value of $512,500.00. Following the completion of the transaction, the senior vice president now directly owns 2,796 shares in the company, valued at $2,865,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jamie Samath sold 242 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the completion of the transaction, the vice president now owns 23 shares of the company’s stock, valued at $21,827.23. The disclosure for this sale can be found here. Insiders sold 23,172 shares of company stock valued at $21,923,487 over the last 90 days. 2.20% of the stock is owned by company insiders.

A number of research analysts have recently commented on the stock. Vetr downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price objective for the company. in a research report on Wednesday, August 16th. BidaskClub downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Barclays PLC lifted their price objective on shares of Intuitive Surgical from $290.00 to $333.33 and gave the company an “overweight” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $366.12.

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Intuitive Surgical Profile

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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