Intuitive Surgical, Inc. (NASDAQ:ISRG)‘s stock had its “overweight” rating reissued by investment analysts at Morgan Stanley in a report released on Tuesday.

ISRG has been the subject of a number of other reports. Vetr raised shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.11 price objective for the company in a research note on Thursday, August 17th. Cantor Fitzgerald began coverage on shares of Intuitive Surgical in a research note on Thursday, June 29th. They issued a “neutral” rating and a $333.33 price objective for the company. Canaccord Genuity reissued a “hold” rating and issued a $333.33 price objective (up from $290.00) on shares of Intuitive Surgical in a research note on Wednesday, July 26th. Barclays PLC lifted their price objective on shares of Intuitive Surgical from $290.00 to $333.33 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $333.33 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Five analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and a consensus price target of $366.12.

Intuitive Surgical (NASDAQ:ISRG) opened at 1022.37 on Tuesday. The stock’s 50 day moving average price is $965.62 and its 200-day moving average price is $871.33. The company has a market cap of $37.98 billion, a price-to-earnings ratio of 48.97 and a beta of 0.38. Intuitive Surgical has a 52 week low of $610.71 and a 52 week high of $1,029.00. Intuitive Surgical’s stock is scheduled to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be distributed to shareholders after the closing bell on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same period last year, the company posted $1.87 EPS. The business’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts forecast that Intuitive Surgical will post $23.92 earnings per share for the current fiscal year.

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In other Intuitive Surgical news, CEO Gary S. Guthart sold 17,975 shares of the business’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the sale, the chief executive officer now directly owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Mark J. Meltzer sold 3,000 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $887.09, for a total transaction of $2,661,270.00. Following the completion of the sale, the senior vice president now directly owns 3,046 shares of the company’s stock, valued at $2,702,076.14. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,172 shares of company stock valued at $24,584,757. 2.20% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of ISRG. BB&T Corp bought a new stake in shares of Intuitive Surgical in the 1st quarter valued at about $527,000. American Century Companies Inc. raised its holdings in shares of Intuitive Surgical by 6.0% in the 1st quarter. American Century Companies Inc. now owns 551,992 shares of the medical equipment provider’s stock valued at $423,085,000 after purchasing an additional 31,132 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of Intuitive Surgical by 2.4% in the 1st quarter. Flinton Capital Management LLC now owns 22,596 shares of the medical equipment provider’s stock valued at $17,319,000 after purchasing an additional 532 shares in the last quarter. Confluence Wealth Management LLC raised its holdings in shares of Intuitive Surgical by 40.1% in the 1st quarter. Confluence Wealth Management LLC now owns 1,275 shares of the medical equipment provider’s stock valued at $977,000 after purchasing an additional 365 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Intuitive Surgical by 6.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 14,499 shares of the medical equipment provider’s stock valued at $11,174,000 after purchasing an additional 927 shares in the last quarter. Institutional investors and hedge funds own 94.23% of the company’s stock.

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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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