Confluence Wealth Management LLC maintained its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,275 shares of the medical equipment provider’s stock at the end of the second quarter. Confluence Wealth Management LLC’s holdings in Intuitive Surgical were worth $977,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. UBS Asset Management Americas Inc. boosted its holdings in Intuitive Surgical by 7.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 113,957 shares of the medical equipment provider’s stock valued at $87,345,000 after purchasing an additional 8,351 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in Intuitive Surgical by 1.8% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 280 shares of the medical equipment provider’s stock valued at $215,000 after purchasing an additional 5 shares in the last quarter. 1st Global Advisors Inc. boosted its holdings in Intuitive Surgical by 47.7% in the 1st quarter. 1st Global Advisors Inc. now owns 1,028 shares of the medical equipment provider’s stock valued at $788,000 after purchasing an additional 332 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Intuitive Surgical by 8.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 4,180 shares of the medical equipment provider’s stock valued at $3,204,000 after purchasing an additional 324 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Intuitive Surgical by 4.4% in the 1st quarter. Pacer Advisors Inc. now owns 1,185 shares of the medical equipment provider’s stock valued at $908,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 94.23% of the company’s stock.

Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.13% during midday trading on Friday, hitting $1031.52. The stock had a trading volume of 165,041 shares. The firm has a 50 day moving average of $990.40 and a 200-day moving average of $891.23. The company has a market cap of $38.32 billion, a P/E ratio of 49.41 and a beta of 0.38. Intuitive Surgical, Inc. has a one year low of $610.71 and a one year high of $1,054.77. Shares of Intuitive Surgical are going to split before the market opens on 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 the Zacks’ consensus estimate of $1.93 by $0.05. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period last year, the firm posted $1.87 earnings per share. On average, analysts forecast that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $333.33 price objective on shares of Intuitive Surgical in a report on Friday, July 21st. Vetr lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price objective on the stock. in a report on Wednesday, August 16th. Citigroup Inc. reaffirmed a “buy” rating and issued a $359.33 price objective (up previously from $305.67) on shares of Intuitive Surgical in a report on Monday, July 24th. Canaccord Genuity reaffirmed a “hold” rating and issued a $290.00 price objective on shares of Intuitive Surgical in a report on Tuesday, July 11th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $333.33 price objective on shares of Intuitive Surgical in a report on Thursday, June 1st. Five equities research 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 a consensus rating of “Buy” and an average price target of $366.12.

In related news, SVP Curet Myriam sold 1,202 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jamie Samath sold 242 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was 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 directly owns 23 shares of the company’s stock, valued at approximately $21,827.23. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock valued at $21,923,487 over the last 90 days. 2.20% of the stock is currently owned by insiders.

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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.

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

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