Intuitive Surgical, Inc. (NASDAQ:ISRG)‘s stock had its “overweight” rating restated by analysts at Morgan Stanley in a report issued on Tuesday, July 25th. They currently have a $1,070.00 price objective on the medical equipment provider’s stock, up from their previous price objective of $950.00. Morgan Stanley’s price target indicates a potential upside of 14.24% from the company’s previous close.
ISRG has been the subject of a number of other research reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 target price for the company in a research note on Monday, April 24th. Wedbush raised their target price on Intuitive Surgical from $835.00 to $875.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Leerink Swann restated an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Barclays PLC raised their target price on Intuitive Surgical from $870.00 to $1,000.00 and gave the company an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 23rd. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $980.03.
Intuitive Surgical (ISRG) traded up 0.60% during midday trading on Tuesday, hitting $936.63. The stock had a trading volume of 302,693 shares. The firm’s 50-day moving average price is $939.10 and its 200 day moving average price is $821.45. The company has a market cap of $34.80 billion, a P/E ratio of 44.86 and a beta of 0.39. Intuitive Surgical has a 12 month low of $610.71 and a 12 month high of $974.66.
Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, beating the Zacks’ consensus estimate of $5.79 by $0.16. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter last year, the business posted $5.62 EPS. On average, analysts expect that Intuitive Surgical will post $23.86 earnings per share for the current fiscal year.
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In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the sale, the chief executive officer now owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Curet Myriam sold 1,202 shares of Intuitive Surgical stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total value of $1,142,140.40. Following the completion of the sale, the senior vice president now directly owns 1,428 shares of the company’s stock, valued at approximately $1,356,885.60. The disclosure for this sale can be found here. In the last three months, insiders sold 34,065 shares of company stock valued at $31,659,090. Corporate insiders own 2.50% of the company’s stock.
Several hedge funds have recently modified their holdings of ISRG. BlackRock Inc. raised its stake in shares of 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 valued at $2,181,851,000 after buying an additional 2,747,465 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Intuitive Surgical by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock valued at $1,919,101,000 after buying an additional 30,306 shares during the last quarter. FMR LLC raised its stake in shares of Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after buying an additional 75,894 shares during the last quarter. Edgewood Management LLC raised its stake in shares of Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after buying an additional 257,165 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Intuitive Surgical by 1.6% in the second quarter. American Century Companies Inc. now owns 560,621 shares of the medical equipment provider’s stock valued at $524,388,000 after buying an additional 8,629 shares during the last quarter. 96.84% of the stock is 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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