Wells Fargo & Company Reiterates “Buy” Rating for Intuitive Surgical, Inc. (ISRG)

Wells Fargo & Company reiterated their buy rating on shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in a research report released on Monday, October 16th.

Other analysts also recently issued research reports about the stock. Royal Bank Of Canada reaffirmed a hold rating and set a $111.11 price target on shares of Intuitive Surgical in a report on Friday, July 21st. Vetr cut shares of Intuitive Surgical from a buy rating to a hold rating and set a $111.83 price objective for the company. in a research report on Wednesday, August 16th. Citigroup Inc. reiterated a buy rating and set a $119.78 price objective (up from $101.89) on shares of Intuitive Surgical in a research report on Monday, July 24th. Canaccord Genuity reiterated a hold rating and set a $96.67 price objective on shares of Intuitive Surgical in a research report on Tuesday, July 11th. Finally, Cantor Fitzgerald reiterated a hold rating and set a $116.67 price objective on shares of Intuitive Surgical in a research report on Friday, July 21st. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $154.72.

Intuitive Surgical (ISRG) traded up 0.38% during mid-day trading on Monday, reaching $373.78. The company had a trading volume of 762,473 shares. The firm’s 50 day moving average price is $353.17 and its 200-day moving average price is $316.43. The company has a market capitalization of $41.66 billion, a price-to-earnings ratio of 53.71 and a beta of 0.39. Intuitive Surgical has a 12 month low of $203.57 and a 12 month high of $378.32.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. During the same quarter in the prior year, the firm posted $2.06 EPS. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. Equities research analysts anticipate that Intuitive Surgical will post $8.73 earnings per share for the current year.

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In other news, insider Craig H. Barratt sold 7,500 shares of the company’s stock in a transaction on Thursday, October 26th. The shares were sold at an average price of $381.00, for a total value of $2,857,500.00. Following the sale, the insider now directly owns 7,500 shares of the company’s stock, valued at approximately $2,857,500. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total transaction of $5,567,700.00. Following the completion of the sale, the insider now directly owns 7,500 shares in the company, valued at $2,783,850. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,076 shares of company stock worth $12,975,061. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Intuitive Surgical by 11.2% in the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock valued at $7,837,000 after purchasing an additional 841 shares during the last quarter. Keybank National Association OH boosted its stake in shares of Intuitive Surgical by 26.7% in the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock valued at $1,237,000 after purchasing an additional 279 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Intuitive Surgical by 9.8% during the second quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock worth $420,839,000 after acquiring an additional 40,115 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Intuitive Surgical by 122.0% during the second quarter. Tower Research Capital LLC TRC now owns 819 shares of the medical equipment provider’s stock worth $766,000 after acquiring an additional 450 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Intuitive Surgical by 3.3% during the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after acquiring an additional 21,795 shares in the last quarter. 31.40% 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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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