Oakmont Corp decreased its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 60.2% in the 2nd quarter, Holdings Channel.com reports. The firm owned 27,990 shares of the medical equipment provider’s stock after selling 42,389 shares during the period. Intuitive Surgical comprises 2.2% of Oakmont Corp’s holdings, making the stock its 13th biggest position. Oakmont Corp’s holdings in Intuitive Surgical were worth $14,682,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of ISRG. Flagship Harbor Advisors LLC increased its holdings in Intuitive Surgical by 1.8% in the 2nd quarter. Flagship Harbor Advisors LLC now owns 1,073 shares of the medical equipment provider’s stock valued at $562,000 after buying an additional 19 shares during the period. Destination Wealth Management increased its holdings in Intuitive Surgical by 14.0% in the 1st quarter. Destination Wealth Management now owns 171 shares of the medical equipment provider’s stock valued at $98,000 after buying an additional 21 shares during the period. Wetherby Asset Management Inc. increased its holdings in Intuitive Surgical by 1.3% in the 1st quarter. Wetherby Asset Management Inc. now owns 1,684 shares of the medical equipment provider’s stock valued at $961,000 after buying an additional 21 shares during the period. Lodestar Investment Counsel LLC IL increased its holdings in Intuitive Surgical by 0.6% in the 2nd quarter. Lodestar Investment Counsel LLC IL now owns 3,549 shares of the medical equipment provider’s stock valued at $1,862,000 after buying an additional 21 shares during the period. Finally, Shine Investment Advisory Services Inc. increased its holdings in Intuitive Surgical by 14.6% in the 1st quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock valued at $103,000 after buying an additional 23 shares during the period. Institutional investors and hedge funds own 86.09% of the company’s stock.

Several equities analysts have commented on the stock. Piper Jaffray Companies raised their target price on shares of Intuitive Surgical from $610.00 to $633.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Cantor Fitzgerald set a $620.00 target price on shares of Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research lowered shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. BidaskClub raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, June 11th. Finally, Northland Securities set a $375.00 target price on shares of Intuitive Surgical and gave the company a “sell” rating in a report on Friday, July 19th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Intuitive Surgical currently has an average rating of “Hold” and an average price target of $579.92.

Shares of Intuitive Surgical stock traded down $14.72 during midday trading on Wednesday, hitting $503.28. 25,787 shares of the company traded hands, compared to its average volume of 736,576. The stock has a market capitalization of $59.41 billion, a PE ratio of 53.22, a price-to-earnings-growth ratio of 3.83 and a beta of 1.12. The business has a fifty day simple moving average of $525.00. Intuitive Surgical, Inc. has a 12 month low of $430.24 and a 12 month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 18th. The medical equipment provider reported $3.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $1.02. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Intuitive Surgical had a net margin of 29.95% and a return on equity of 17.35%. The firm’s revenue was up 20.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 EPS. As a group, equities research analysts anticipate that Intuitive Surgical, Inc. will post 10.15 EPS for the current year.

In related news, VP Jamie Samath sold 130 shares of Intuitive Surgical stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $500.60, for a total transaction of $65,078.00. Following the sale, the vice president now directly owns 219 shares of the company’s stock, valued at approximately $109,631.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Curet Myriam sold 4,974 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $532.14, for a total transaction of $2,646,864.36. Following the sale, the executive vice president now directly owns 3,851 shares in the company, valued at $2,049,271.14. The disclosure for this sale can be found here. Insiders have sold a total of 25,882 shares of company stock worth $13,664,919 over the last ninety days. 1.70% of the stock is currently owned by insiders.

About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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