Intuitive Surgical (ISRG) Downgraded by BidaskClub to Buy
BidaskClub downgraded shares of Intuitive Surgical (NASDAQ:ISRG) from a strong-buy rating to a buy rating in a research note released on Saturday morning.
Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Intuitive Surgical from a hold rating to a buy rating and set a $409.00 price target on the stock in a report on Wednesday, January 3rd. Wells Fargo & Co reissued a buy rating on shares of Intuitive Surgical in a report on Monday, October 16th. Goldman Sachs Group reissued a buy rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Vetr raised shares of Intuitive Surgical from a hold rating to a buy rating and set a $434.75 price target on the stock in a report on Monday, January 8th. Finally, Stifel Nicolaus reissued a buy rating and issued a $480.00 price target (up previously from $400.00) on shares of Intuitive Surgical in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Intuitive Surgical has a consensus rating of Buy and a consensus target price of $408.48.
Shares of Intuitive Surgical (NASDAQ:ISRG) opened at $402.00 on Friday. The stock has a market cap of $45,040.00, a price-to-earnings ratio of 70.77, a price-to-earnings-growth ratio of 4.63 and a beta of 0.50. Intuitive Surgical has a twelve month low of $236.75 and a twelve month high of $452.00.
In related news, SVP Mark J. Meltzer sold 6,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $397.14, for a total transaction of $2,382,840.00. Following the completion of the transaction, the senior vice president now directly owns 9,888 shares of the company’s stock, valued at approximately $3,926,920.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Gary S. Guthart sold 7,724 shares of Intuitive Surgical stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $414.50, for a total transaction of $3,201,598.00. Following the transaction, the chief executive officer now directly owns 275,220 shares of the company’s stock, valued at $114,078,690. The disclosure for this sale can be found here. Over the last three months, insiders have sold 85,016 shares of company stock valued at $35,133,026. 2.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Lincoln National Corp purchased a new position in Intuitive Surgical during the 3rd quarter valued at about $200,000. MUFG Americas Holdings Corp purchased a new position in Intuitive Surgical in the third quarter worth about $208,000. Advisors Capital Management LLC purchased a new position in Intuitive Surgical in the third quarter worth about $209,000. Capital Investment Counsel Inc purchased a new position in Intuitive Surgical in the third quarter worth about $209,000. Finally, Coldstream Capital Management Inc. purchased a new position in Intuitive Surgical in the third quarter worth about $214,000. 36.79% of the stock is owned by institutional investors.
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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.
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