Bp Plc held its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,600 shares of the medical equipment provider’s stock at the end of the second quarter. Bp Plc’s holdings in Intuitive Surgical were worth $4,303,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ISRG. BlackRock Inc. boosted its stake in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the period. Edgewood Management LLC boosted its stake in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the period. Waddell & Reed Financial Inc. boosted its stake in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock worth $81,127,000 after buying an additional 88,140 shares during the period. Finally, FMR LLC boosted its stake in Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares during the period. 96.84% of the stock is currently owned by institutional investors.

Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 934.38 on Wednesday. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 44.75 and a beta of 0.39. The firm has a 50-day moving average of $941.54 and a 200 day moving average of $823.83.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.79 by $0.16. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same period in the prior year, the business posted $5.62 earnings per share. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.

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Several equities research analysts recently commented on ISRG shares. Morgan Stanley set a $950.00 target price on Intuitive Surgical and gave the stock an “overweight” rating in a report on Monday, May 22nd. Royal Bank Of Canada boosted their target price on Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a report on Monday, April 17th. Leerink Swann reissued an “outperform” rating and set a $850.00 target price (up previously from $840.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Wells Fargo & Company reissued an “outperform” rating and set a $1,050.00 target price (up previously from $1,000.00) on shares of Intuitive Surgical in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Tuesday, May 30th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $980.03.

In related news, Director Amal M. Johnson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $917.27, for a total value of $917,270.00. Following the transaction, the director now directly owns 3,787 shares in the company, valued at $3,473,701.49. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock worth $31,659,090 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Intuitive Surgical Company 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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