BidaskClub cut shares of Intuitive Surgical (NASDAQ:ISRG) from a strong-buy rating to a buy rating in a research report released on Tuesday morning.

A number of other research firms also recently commented on ISRG. Morgan Stanley reaffirmed an overweight rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Goldman Sachs Group reaffirmed a buy rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Zacks Investment Research raised shares of Intuitive Surgical from a hold rating to a buy rating and set a $436.00 target price on the stock in a research report on Tuesday, November 14th. Wells Fargo & Company reaffirmed a buy rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Finally, Barclays reaffirmed an overweight rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical presently has a consensus rating of Buy and an average target price of $335.32.

Shares of Intuitive Surgical (NASDAQ ISRG) opened at $370.49 on Tuesday. Intuitive Surgical has a 52-week low of $208.24 and a 52-week high of $405.05. The company has a market cap of $41,855.45, a P/E ratio of 49.43, a price-to-earnings-growth ratio of 5.19 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The company’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.06 EPS. analysts anticipate that Intuitive Surgical will post 7.85 EPS for the current year.

In related news, VP Jamie Samath sold 1,564 shares of the stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $371.19, for a total transaction of $580,541.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan J. Levy sold 2,997 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total transaction of $1,112,935.95. The disclosure for this sale can be found here. In the last quarter, insiders have sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of ISRG. Bessemer Group Inc. lifted its stake in shares of Intuitive Surgical by 230.4% in the 2nd quarter. Bessemer Group Inc. now owns 760 shares of the medical equipment provider’s stock worth $711,000 after acquiring an additional 530 shares during the period. Trexquant Investment LP acquired a new stake in shares of Intuitive Surgical in the 2nd quarter worth $281,000. Canada Pension Plan Investment Board lifted its stake in shares of Intuitive Surgical by 9,454.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 10,510 shares of the medical equipment provider’s stock worth $9,831,000 after acquiring an additional 10,400 shares during the period. Wetherby Asset Management Inc. lifted its stake in shares of Intuitive Surgical by 1.4% in the 2nd quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock worth $338,000 after acquiring an additional 5 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Intuitive Surgical by 2.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 118,345 shares of the medical equipment provider’s stock worth $110,697,000 after acquiring an additional 2,904 shares during the period. Hedge funds and other institutional investors own 32.80% of the company’s stock.

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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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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