Intuitive Surgical (ISRG) Shares Up -2.4% Following Analyst Upgrade

Shares of Intuitive Surgical (NASDAQ:ISRG) rose 2.4% during trading on Thursday after Bank of America raised their price target on the stock from $465.00 to $510.00. Bank of America currently has a buy rating on the stock. Intuitive Surgical traded as high as $473.79 and last traded at $459.87. Approximately 894,191 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 869,912 shares. The stock had previously closed at $471.03.

A number of other brokerages have also recently commented on ISRG. Vetr cut Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 price target for the company. in a research note on Tuesday, April 10th. Leerink Swann reaffirmed an “outperform” rating and issued a $510.00 price target (up from $475.00) on shares of Intuitive Surgical in a research note on Wednesday. Royal Bank of Canada upped their price target on Intuitive Surgical to $430.00 and gave the company a “sector perform” rating in a research note on Friday, January 26th. Cantor Fitzgerald boosted their price objective on Intuitive Surgical to $510.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $410.00 price objective (up from $380.00) on shares of Intuitive Surgical in a research report on Friday, January 26th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $435.32.

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In other Intuitive Surgical news, VP Jamie Samath sold 964 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $428.60, for a total transaction of $413,170.40. Following the completion of the transaction, the vice president now owns 118 shares of the company’s stock, valued at approximately $50,574.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark J. Rubash sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $420.01, for a total value of $420,010.00. Following the transaction, the director now directly owns 4,453 shares of the company’s stock, valued at approximately $1,870,304.53. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,770 shares of company stock valued at $43,410,836. Insiders own 2.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC boosted its position in Intuitive Surgical by 14.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 889 shares of the medical equipment provider’s stock worth $352,000 after acquiring an additional 115 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Intuitive Surgical by 44.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 461 shares of the medical equipment provider’s stock worth $482,000 after acquiring an additional 141 shares during the last quarter. Spectrum Management Group Inc. boosted its position in Intuitive Surgical by 154.2% during the 4th quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock worth $109,000 after acquiring an additional 182 shares during the last quarter. CWM LLC boosted its position in Intuitive Surgical by 200.0% during the 4th quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock worth $104,000 after acquiring an additional 190 shares during the last quarter. Finally, CIBC World Markets Inc. boosted its position in Intuitive Surgical by 7.5% during the 4th quarter. CIBC World Markets Inc. now owns 2,734 shares of the medical equipment provider’s stock worth $998,000 after acquiring an additional 190 shares during the last quarter. 87.89% of the stock is owned by hedge funds and other institutional investors.

The stock has a market capitalization of $49,232.89, a price-to-earnings ratio of 64.35, a P/E/G ratio of 5.19 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 EPS for the quarter, beating the consensus estimate of $2.07 by $0.37. The company had revenue of $848.00 million during the quarter, compared to the consensus estimate of $773.20 million. Intuitive Surgical had a return on equity of 21.56% and a net margin of 23.25%. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.09 EPS. equities analysts anticipate that Intuitive Surgical will post 7.85 EPS for the current year.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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