Intuitive Surgical Inc. (ISRG) Shares Gap Up to $686.37
Intuitive Surgical Inc. (NASDAQ:ISRG) gapped up prior to trading on Monday . The stock had previously closed at $683.58, but opened at $686.37. Intuitive Surgical shares last traded at $693.37, with a volume of 114,309 shares traded.
Several brokerages have weighed in on ISRG. Northland Securities cut Intuitive Surgical from a “market perform” rating to an “under perform” rating and set a $600.00 target price for the company. in a report on Thursday, July 21st. JPMorgan Chase & Co. restated a “buy” rating on shares of Intuitive Surgical in a research note on Tuesday. Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research note on Tuesday. Finally, Raymond James Financial Inc. began coverage on Intuitive Surgical in a research note on Friday, August 26th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $701.42.
The firm has a market cap of $26.98 billion, a P/E ratio of 39.77 and a beta of 0.73. The company’s 50 day moving average is $688.48 and its 200 day moving average is $648.02.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, July 19th. The company reported $5.62 earnings per share for the quarter, beating 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 business earned $670 million during the quarter, compared to the consensus estimate of $640.69 million. During the same period in the previous year, the business earned $4.57 EPS. On average, equities research analysts anticipate that Intuitive Surgical Inc. will post $21.30 EPS for the current year.
In other news, SVP Mark J. Meltzer sold 3,000 shares of the business’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $688.33, for a total value of $2,064,990.00. Following the completion of the sale, the senior vice president now directly owns 2,331 shares of the company’s stock, valued at approximately $1,604,497.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan J. Levy sold 3,188 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $694.11, for a total value of $2,212,822.68. Following the completion of the sale, the director now directly owns 5,401 shares of the company’s stock, valued at $3,748,888.11. The disclosure for this sale can be found here. 3.10% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in Intuitive Surgical during the fourth quarter valued at approximately $156,928,000. Capstone Asset Management Co. increased its stake in Intuitive Surgical by 7.1% in the first quarter. Capstone Asset Management Co. now owns 3,411 shares of the company’s stock valued at $2,050,000 after buying an additional 227 shares in the last quarter. Forte Capital LLC ADV increased its stake 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. Appropriate Balance Financial Services Inc. bought a new stake in Intuitive Surgical during the first quarter valued at approximately $923,000. Finally, Jag Capital Management LLC increased its stake in Intuitive Surgical by 93.8% in the first quarter. Jag Capital Management LLC now owns 23,199 shares of the company’s stock valued at $13,944,000 after buying an additional 11,226 shares in the last quarter. 91.90% of the stock is owned by hedge funds and other 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.
Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.