Employees Retirement System of Texas maintained its position in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,400 shares of the medical equipment provider’s stock at the end of the 2nd quarter. Employees Retirement System of Texas’ holdings in Intuitive Surgical were worth $2,245,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Stifel Financial Corp lifted its position in shares of Intuitive Surgical by 11.2% during the second quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after acquiring an additional 841 shares in the last quarter. Keybank National Association OH lifted its position in shares of Intuitive Surgical by 26.7% during the second quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after acquiring an additional 279 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Intuitive Surgical by 9.8% during the second quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock worth $420,839,000 after acquiring an additional 40,115 shares in the last quarter. Brown Advisory Securities LLC lifted its position in shares of Intuitive Surgical by 1.4% during the first quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock worth $1,722,000 after acquiring an additional 31 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Intuitive Surgical by 3.3% during the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after acquiring an additional 21,795 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 360.29 on Thursday. The company has a 50-day moving average price of $344.80 and a 200-day moving average price of $308.64. Intuitive Surgical, Inc. has a 1-year low of $203.57 and a 1-year high of $1,094.55. The company has a market cap of $40.16 billion, a PE ratio of 51.77 and a beta of 0.39.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 EPS. On average, analysts expect that Intuitive Surgical, Inc. will post $7.97 EPS for the current fiscal year.

Several equities research analysts have issued reports on ISRG shares. Morgan Stanley restated an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Citigroup Inc. restated a “buy” rating and set a $119.78 target price (up previously from $101.89) on shares of Intuitive Surgical in a research report on Monday, July 24th. Wells Fargo & Company restated an “outperform” rating and set a $116.67 target price (up previously from $111.11) on shares of Intuitive Surgical in a research report on Wednesday, July 12th. Cantor Fitzgerald started coverage on Intuitive Surgical in a research report on Thursday, June 29th. They set a “neutral” rating and a $111.11 target price on the stock. Finally, Wedbush restated a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $137.11.

In other news, SVP Mark J. Meltzer sold 500 shares of the business’s stock in a transaction dated 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 sale, the senior vice president now directly owns 2,796 shares in the company, valued at approximately $2,865,900. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Curet Myriam sold 1,202 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total transaction 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 $1,356,885.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,172 shares of company stock worth $21,923,487. 2.20% of the stock is currently owned by insiders.

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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.

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

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