Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “outperform” rating reiterated by investment analysts at Leerink Swann in a note issued to investors on Thursday, January 18th, Marketbeat.com reports. They presently have a $475.00 price target on the medical equipment provider’s stock, up from their previous price target of $390.00. Leerink Swann’s target price would indicate a potential upside of 19.19% from the company’s current price.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price target for the company in a report on Wednesday, October 25th. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $408.48.
Shares of Intuitive Surgical (NASDAQ ISRG) traded up $5.60 during trading on Thursday, reaching $398.51. The company’s stock had a trading volume of 845,177 shares, compared to its average volume of 1,010,000. Intuitive Surgical has a fifty-two week low of $233.66 and a fifty-two week high of $452.00. The firm has a market cap of $44,650.00, a P/E ratio of 70.16, a price-to-earnings-growth ratio of 4.63 and a beta of 0.50.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The business had revenue of $892.40 million during the quarter, compared to the consensus estimate of $866.54 million. During the same quarter last year, the firm posted $2.03 EPS. The company’s quarterly revenue was up 17.9% on a year-over-year basis. analysts expect that Intuitive Surgical will post 7.93 earnings per share for the current fiscal year.
In related news, SVP Mark J. Meltzer sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $397.14, for a total value of $2,382,840.00. Following the transaction, the senior vice president now owns 9,888 shares in the company, valued at $3,926,920.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary S. Guthart sold 7,724 shares of the firm’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $414.50, for a total value of $3,201,598.00. Following the completion of the transaction, the chief executive officer now owns 275,220 shares in the company, valued at approximately $114,078,690. The disclosure for this sale can be found here. Insiders sold 85,016 shares of company stock worth $35,133,026 in the last 90 days. 2.20% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in ISRG. BlackRock Inc. grew its position in Intuitive Surgical by 197.3% in the fourth quarter. BlackRock Inc. now owns 7,949,410 shares of the medical equipment provider’s stock valued at $2,901,058,000 after acquiring an additional 5,275,323 shares during the last quarter. Bank of New York Mellon Corp grew its position in Intuitive Surgical by 170.0% in the fourth quarter. Bank of New York Mellon Corp now owns 3,646,522 shares of the medical equipment provider’s stock valued at $1,330,761,000 after acquiring an additional 2,295,998 shares during the last quarter. Edgewood Management LLC grew its position in 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 valued at $1,010,359,000 after acquiring an additional 1,934,382 shares during the last quarter. Koch Industries Inc. grew its position in Intuitive Surgical by 202,917.0% in 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 last quarter. Finally, American Century Companies Inc. grew its position in Intuitive Surgical by 162.2% in the fourth quarter. American Century Companies Inc. now owns 1,426,348 shares of the medical equipment provider’s stock valued at $520,531,000 after acquiring an additional 882,255 shares during the last quarter. Hedge funds and other institutional investors own 36.79% of the company’s stock.
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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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