Intuitive Surgical (ISRG) Hits New 12-Month High and Low at $494.93

Intuitive Surgical, Inc. (NASDAQ:ISRG)’s share price reached a new 52-week high and low during mid-day trading on Tuesday . The stock traded as low as $494.93 and last traded at $494.78, with a volume of 23277 shares changing hands. The stock had previously closed at $491.59.

Several research firms recently issued reports on ISRG. Vetr raised Intuitive Surgical from a “buy” rating to a “strong-buy” rating and set a $478.64 target price on the stock in a research report on Monday, March 19th. Leerink Swann reissued an “outperform” rating and issued a $510.00 target price (up from $475.00) on shares of Intuitive Surgical in a research report on Wednesday, April 18th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $532.00 target price on the stock in a research report on Monday, April 23rd. Piper Jaffray Companies upped their target price on Intuitive Surgical to $460.00 and gave the company a “neutral” rating in a research report on Wednesday, April 18th. Finally, Cantor Fitzgerald upped their target price on Intuitive Surgical to $510.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $458.22.

The firm has a market cap of $55.60 billion, a P/E ratio of 68.69, a PEG ratio of 4.59 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.07 by $0.37. The firm had revenue of $848.00 million during the quarter, compared to analysts’ expectations of $773.20 million. Intuitive Surgical had a net margin of 23.25% and a return on equity of 20.72%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter last year, the company posted $5.09 EPS. equities analysts anticipate that Intuitive Surgical, Inc. will post 8.84 earnings per share for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 1,060 shares of the firm’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $457.74, for a total value of $485,204.40. Following the completion of the transaction, the vice president now owns 257 shares of the company’s stock, valued at approximately $117,639.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David J. Rosa sold 54,000 shares of the firm’s stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of $457.02, for a total transaction of $24,679,080.00. Following the completion of the transaction, the executive vice president now directly owns 65,141 shares of the company’s stock, valued at approximately $29,770,739.82. The disclosure for this sale can be found here. Insiders have sold a total of 170,767 shares of company stock valued at $77,995,219 in the last ninety days. 2.20% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new position in Intuitive Surgical in the 1st quarter valued at approximately $1,362,000. Chesapeake Wealth Management purchased a new position in Intuitive Surgical in the 1st quarter valued at approximately $339,000. Suntrust Banks Inc. boosted its position in Intuitive Surgical by 113.9% in the 1st quarter. Suntrust Banks Inc. now owns 36,153 shares of the medical equipment provider’s stock valued at $14,923,000 after buying an additional 19,248 shares during the period. Amalgamated Bank lifted its position in shares of Intuitive Surgical by 10.9% during the 1st quarter. Amalgamated Bank now owns 16,290 shares of the medical equipment provider’s stock worth $6,725,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in shares of Intuitive Surgical by 49,853.2% during the 1st quarter. Summit Trail Advisors LLC now owns 215,798 shares of the medical equipment provider’s stock worth $216,000 after purchasing an additional 215,366 shares during the last quarter. 85.52% of the stock is owned by institutional investors.

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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