BTIG Research reiterated their hold rating on shares of Intuitive Surgical Inc. (NASDAQ:ISRG) in a research note released on Tuesday morning.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

ISRG has been the subject of several other reports. Raymond James Financial Inc. initiated coverage on Intuitive Surgical in a report on Friday, August 26th. They issued an outperform rating for the company. Zacks Investment Research upgraded Intuitive Surgical from a hold rating to a buy rating and set a $753.00 price target for the company in a report on Wednesday, September 14th. Citigroup Inc. reiterated a buy rating on shares of Intuitive Surgical in a report on Thursday, June 2nd. Leerink Swann reiterated an outperform rating and set a $780.00 price target on shares of Intuitive Surgical in a report on Monday. Finally, Bank of America Corp. reiterated a buy rating on shares of Intuitive Surgical in a report on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $701.42.

Shares of Intuitive Surgical (NASDAQ:ISRG) traded up 0.24% during trading on Tuesday, hitting $700.58. 86,385 shares of the stock traded hands. The firm’s 50-day moving average price is $688.48 and its 200-day moving average price is $648.02. Intuitive Surgical has a 52 week low of $447.00 and a 52 week high of $720.01. The company has a market cap of $26.97 billion, a price-to-earnings ratio of 39.76 and a beta of 0.73.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, July 19th. The company reported $5.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $4.97 by $0.65. Intuitive Surgical had a return on equity of 15.25% and a net margin of 26.80%. The firm earned $670 million during the quarter, compared to analyst estimates of $640.69 million. During the same period in the previous year, the company earned $4.57 EPS. On average, equities research analysts anticipate that Intuitive Surgical will post $21.30 earnings per share for the current year.

In related news, SVP Curet Myriam sold 4,250 shares of the firm’s stock in a transaction dated Wednesday, July 27th. The stock was sold at an average price of $684.39, for a total value of $2,908,657.50. Following the transaction, the senior vice president now owns 3,133 shares in the company, valued at $2,144,193.87. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Mark J. Meltzer sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $688.33, for a total value of $2,064,990.00. Following the completion of the transaction, the senior vice president now owns 2,331 shares in the company, valued at approximately $1,604,497.23. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Forte Capital LLC ADV boosted its position in Intuitive Surgical by 0.3% in the first quarter. Forte Capital LLC ADV now owns 1,489 shares of the company’s stock valued at $895,000 after buying an additional 5 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in Intuitive Surgical by 0.5% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,198 shares of the company’s stock valued at $792,000 after buying an additional 6 shares in the last quarter. Cleararc Capital Inc. boosted its position in Intuitive Surgical by 0.7% in the second quarter. Cleararc Capital Inc. now owns 917 shares of the company’s stock valued at $607,000 after buying an additional 6 shares in the last quarter. Glenmede Trust Co. NA boosted its position in Intuitive Surgical by 3.0% in the second quarter. Glenmede Trust Co. NA now owns 275 shares of the company’s stock valued at $181,000 after buying an additional 8 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in Intuitive Surgical by 3.3% in the first quarter. IFP Advisors Inc now owns 284 shares of the company’s stock valued at $171,000 after buying an additional 9 shares in the last quarter. Institutional investors and hedge funds own 91.90% of the company’s stock.

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.

5 Day Chart for NASDAQ:ISRG

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