BidaskClub upgraded shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) from a buy rating to a strong-buy rating in a research note published on Friday.
A number of other analysts have also recently issued reports on the company. Zacks Investment Research cut Intuitive Surgical from a buy rating to a hold rating in a research report on Tuesday, June 20th. BTIG Research restated a hold rating on shares of Intuitive Surgical in a research report on Thursday, June 15th. Bank of America Corporation restated a buy rating and set a $1,000.00 price objective on shares of Intuitive Surgical in a research report on Thursday, June 1st. Canaccord Genuity cut Intuitive Surgical from a buy rating to a hold rating and set a $870.00 price objective on the stock. in a research report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Company restated an outperform rating and set a $1,000.00 price objective on shares of Intuitive Surgical in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical presently has an average rating of Buy and an average target price of $856.69.
Shares of Intuitive Surgical (NASDAQ ISRG) traded down 0.60% during trading on Friday, reaching $943.20. The company had a trading volume of 153,960 shares. Intuitive Surgical has a 12 month low of $610.71 and a 12 month high of $954.79. The firm has a market capitalization of $34.75 billion, a PE ratio of 47.55 and a beta of 0.41. The stock has a 50 day moving average price of $888.80 and a 200 day moving average price of $757.81.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $5.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.97 by $1.12. The business had revenue of $674.20 million for the quarter, compared to analysts’ expectations of $664.72 million. Intuitive Surgical had a return on equity of 15.41% and a net margin of 27.99%. Intuitive Surgical’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $4.42 earnings per share. On average, equities research analysts forecast that Intuitive Surgical will post $23.64 EPS for the current year.
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In other Intuitive Surgical news, VP Jamie Samath sold 490 shares of the business’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $811.67, for a total value of $397,718.30. Following the transaction, the vice president now owns 48 shares of the company’s stock, valued at $38,960.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mark J. Rubash sold 3,000 shares of the business’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $931.51, for a total value of $2,794,530.00. Following the completion of the transaction, the director now directly owns 4,151 shares in the company, valued at approximately $3,866,698.01. The disclosure for this sale can be found here. In the last three months, insiders sold 55,306 shares of company stock worth $46,588,332. Insiders own 2.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of ISRG. BlackRock Inc. raised its position 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 in the last quarter. Edgewood Management LLC raised its position 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 in the last quarter. Norges Bank acquired a new position in Intuitive Surgical during the fourth quarter worth approximately $162,841,000. Waddell & Reed Financial Inc. raised its position 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 in the last quarter. Finally, FMR LLC raised its position 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 in the last quarter. 97.56% of the stock is currently owned by institutional investors.
About Intuitive Surgical
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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