Intuitive Surgical (NASDAQ:ISRG) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
ISRG has been the subject of several other research reports. Wedbush reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Barclays reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a research report on Tuesday, December 12th. ValuEngine cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. Finally, Evercore ISI began coverage on Intuitive Surgical in a research report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $357.44.
Shares of Intuitive Surgical (NASDAQ:ISRG) traded down $2.39 during trading on Thursday, hitting $421.37. The stock had a trading volume of 1,274,671 shares, compared to its average volume of 1,040,000. The firm has a market capitalization of $47,210.00, a PE ratio of 54.44, a PEG ratio of 5.33 and a beta of 0.47. Intuitive Surgical has a 1-year low of $217.19 and a 1-year high of $426.98.
In other news, Director Alan J. Levy sold 2,997 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total value of $1,112,935.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Craig H. Barratt sold 15,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at $2,783,850. The disclosure for this sale can be found here. Insiders sold 55,944 shares of company stock valued at $21,432,971 in the last ninety days. Insiders own 2.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Edgewood Management LLC increased its stake in shares of Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after purchasing an additional 1,934,382 shares during the period. FMR LLC increased its stake in Intuitive Surgical by 19.6% during the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after acquiring an additional 447,397 shares during the period. Vanguard Group Inc. increased its stake in Intuitive Surgical by 0.8% during the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock valued at $2,360,900,000 after acquiring an additional 20,210 shares during the period. Koch Industries Inc. increased its stake in Intuitive Surgical by 202,917.0% during the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after acquiring an additional 1,387,952 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Intuitive Surgical by 42.0% during the third quarter. Janus Henderson Group PLC now owns 585,196 shares of the medical equipment provider’s stock valued at $612,042,000 after acquiring an additional 173,026 shares during the period. Institutional investors and hedge funds own 32.80% of the company’s stock.
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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.
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