J P Morgan Chase & Co reissued their overweight rating on shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) in a research note issued to investors on Friday morning, The Fly reports. J P Morgan Chase & Co currently has a $1,050.00 target price on the medical equipment provider’s stock.

Other research analysts have also recently issued reports about the company. Barclays PLC reissued a buy rating and set a $800.00 price objective on shares of Intuitive Surgical in a report on Sunday, March 26th. Canaccord Genuity restated a buy rating and issued a $800.00 target price on shares of Intuitive Surgical in a research note on Friday, March 24th. Zacks Investment Research upgraded Intuitive Surgical from a hold rating to a buy rating and set a $860.00 target price for the company in a research note on Tuesday, April 18th. Stifel Nicolaus raised their target price on Intuitive Surgical from $800.00 to $850.00 and gave the company a buy rating in a research note on Wednesday, April 19th. Finally, Citigroup Inc. reiterated a buy rating and issued a $917.00 price objective (up from $820.00) on shares of Intuitive Surgical in a research report on Saturday, April 22nd. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $965.33.

Intuitive Surgical (NASDAQ ISRG) opened at 949.17 on Friday. The stock has a market capitalization of $35.26 billion, a P/E ratio of 45.46 and a beta of 0.39. Intuitive Surgical has a 52-week low of $610.71 and a 52-week high of $974.66. The company has a 50 day moving average of $935.86 and a 200-day moving average of $809.08.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $5.79 by $0.16. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business earned $5.62 earnings per share. Equities research analysts anticipate that Intuitive Surgical will post $23.86 EPS for the current year.

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In other news, Director Mark J. Rubash sold 3,000 shares of the company’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $931.51, for a total transaction of $2,794,530.00. Following the completion of the sale, the director now directly owns 4,151 shares in the company, valued at approximately $3,866,698.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Marshall Mohr sold 8,950 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $835.89, for a total value of $7,481,215.50. Following the sale, the chief financial officer now owns 6,422 shares of the company’s stock, valued at $5,368,085.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 26,029 shares of company stock worth $22,850,232. Insiders own 2.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Appropriate Balance Financial Services Inc. increased its stake in shares of Intuitive Surgical by 19.8% in the second quarter. Appropriate Balance Financial Services Inc. now owns 665 shares of the medical equipment provider’s stock valued at $712,000 after buying an additional 110 shares in the last quarter. Greenleaf Trust increased its position in Intuitive Surgical by 30.0% in the second quarter. Greenleaf Trust now owns 620 shares of the medical equipment provider’s stock valued at $580,000 after buying an additional 143 shares in the last quarter. Jag Capital Management LLC increased its position in Intuitive Surgical by 69.6% in the second quarter. Jag Capital Management LLC now owns 14,002 shares of the medical equipment provider’s stock valued at $13,097,000 after buying an additional 5,748 shares in the last quarter. First Citizens Bank & Trust Co. increased its position in Intuitive Surgical by 88.3% in the second quarter. First Citizens Bank & Trust Co. now owns 1,049 shares of the medical equipment provider’s stock valued at $981,000 after buying an additional 492 shares in the last quarter. Finally, Huntington National Bank increased its position in Intuitive Surgical by 50.0% in the second quarter. Huntington National Bank now owns 255 shares of the medical equipment provider’s stock valued at $239,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 97.56% 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.

The Fly

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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