Intuitive Surgical Inc. (NASDAQ:ISRG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $692.24, but opened at $692.84. Intuitive Surgical shares last traded at $697.27, with a volume of 75,731 shares traded.

A number of brokerages have recently issued reports on ISRG. Piper Jaffray Cos. reissued a “neutral” rating and set a $700.00 target price (up from $610.00) on shares of Intuitive Surgical in a research note on Wednesday, July 20th. Bank of America Corp. reissued a “buy” rating on shares of Intuitive Surgical in a research note on Monday, June 6th. Leerink Swann increased their target price on Intuitive Surgical from $700.00 to $710.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 20th. Barclays PLC increased their target price on Intuitive Surgical from $690.00 to $750.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 20th. Finally, Zacks Investment Research downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research note on Monday, June 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $698.58.

The stock has a 50 day moving average of $675.14 and a 200-day moving average of $618.10. The firm has a market cap of $26.82 billion and a price-to-earnings ratio of 39.54.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Tuesday, July 19th. The company reported $5.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.97 by $0.65. The business had revenue of $670 million for the quarter, compared to analyst estimates of $640.69 million. During the same quarter in the prior year, the firm posted $4.57 earnings per share. On average, equities analysts expect that Intuitive Surgical Inc. will post $21.30 EPS for the current fiscal year.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 13,400 shares of the company’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $698.00, for a total value of $9,353,200.00. Following the completion of the sale, the chief executive officer now directly owns 78,780 shares in the company, valued at $54,988,440. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan J. Levy sold 3,188 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $694.11, for a total value of $2,212,822.68. Following the completion of the sale, the director now owns 5,401 shares of the company’s stock, valued at $3,748,888.11. The disclosure for this sale can be found here.

Other large investors have recently added to or reduced their stakes in the company. Edgewood Management LLC increased its stake in Intuitive Surgical by 4.8% in the fourth quarter. Edgewood Management LLC now owns 606,464 shares of the company’s stock worth $331,226,000 after buying an additional 27,896 shares during the period. Principal Financial Group Inc. increased its stake in Intuitive Surgical by 7.1% in the fourth quarter. Principal Financial Group Inc. now owns 57,858 shares of the company’s stock worth $31,599,000 after buying an additional 3,835 shares during the period. American International Group Inc. increased its stake in Intuitive Surgical by 5.2% in the fourth quarter. American International Group Inc. now owns 17,325 shares of the company’s stock worth $9,463,000 after buying an additional 854 shares during the period. Stephens Investment Management Group LLC increased its stake in Intuitive Surgical by 18.5% in the fourth quarter. Stephens Investment Management Group LLC now owns 16,235 shares of the company’s stock worth $8,867,000 after buying an additional 2,540 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in Intuitive Surgical by 21.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 8,375 shares of the company’s stock worth $4,156,000 after buying an additional 1,507 shares during the period.

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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