Morgan Stanley Boosts Intuitive Surgical (ISRG) Price Target to $525.00

Intuitive Surgical (NASDAQ:ISRG) had its target price boosted by equities researchers at Morgan Stanley from $500.00 to $525.00 in a research report issued on Wednesday. The brokerage currently has an “overweight” rating on the medical equipment provider’s stock. Morgan Stanley’s target price indicates a potential upside of 20.56% from the stock’s current price.

ISRG has been the subject of several other research reports. Cantor Fitzgerald reissued a “buy” rating and set a $490.00 price objective on shares of Intuitive Surgical in a research note on Friday, January 26th. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Piper Jaffray reissued a “hold” rating on shares of Intuitive Surgical in a research note on Friday, January 26th. Finally, Evercore ISI assumed coverage on Intuitive Surgical in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price objective for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Intuitive Surgical has a consensus rating of “Buy” and an average price target of $422.73.

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NASDAQ:ISRG opened at $435.45 on Wednesday. The firm has a market cap of $47,302.92, a P/E ratio of 60.56, a price-to-earnings-growth ratio of 4.98 and a beta of 0.57. Intuitive Surgical has a 52-week low of $251.13 and a 52-week high of $452.00.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.07 by $0.37. The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $773.20 million. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company earned $5.09 earnings per share. equities analysts expect that Intuitive Surgical will post 7.85 EPS for the current fiscal year.

In other Intuitive Surgical news, Director Lonnie M. Smith sold 18,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $428.68, for a total transaction of $7,716,240.00. Following the completion of the sale, the director now owns 511,410 shares of the company’s stock, valued at $219,231,238.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Curet Myriam sold 262 shares of Intuitive Surgical stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $431.50, for a total value of $113,053.00. Following the sale, the executive vice president now directly owns 2,152 shares of the company’s stock, valued at approximately $928,588. 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. Corporate insiders own 2.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Intuitive Surgical by 206.2% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock worth $65,613,000 after buying an additional 121,082 shares during the period. Atria Investments LLC increased its holdings in shares of Intuitive Surgical by 189.4% in the fourth quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after buying an additional 1,163 shares during the period. Shaker Investments LLC OH increased its holdings in shares of Intuitive Surgical by 200.0% in the fourth quarter. Shaker Investments LLC OH now owns 2,100 shares of the medical equipment provider’s stock worth $766,000 after buying an additional 1,400 shares during the period. Gulf International Bank UK Ltd increased its holdings in shares of Intuitive Surgical by 200.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,841 shares of the medical equipment provider’s stock worth $13,079,000 after buying an additional 23,894 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Intuitive Surgical by 309.0% in the fourth quarter. LPL Financial LLC now owns 16,124 shares of the medical equipment provider’s stock worth $5,884,000 after buying an additional 12,182 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.

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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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