Intuitive Surgical Inc. (NASDAQ:ISRG) 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.

Several research firms have commented on ISRG. Wedbush reaffirmed an “outperform” rating and set a $680.00 price target on shares of Intuitive Surgical in a research report on Wednesday, April 20th. Evercore ISI reaffirmed a “buy” rating and set a $775.00 price target (up previously from $750.00) on shares of Intuitive Surgical in a research report on Wednesday, July 20th. Citigroup Inc. reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Thursday, June 2nd. Royal Bank Of Canada lifted their price target on Intuitive Surgical from $610.00 to $640.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 20th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $698.58.

The company has a 50 day moving average price of $676.52 and a 200-day moving average price of $618.64. The stock has a market cap of $26.80 billion and a P/E ratio of 39.51.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, July 19th. The company reported $5.62 EPS for the quarter, topping analysts’ consensus estimates of $4.97 by $0.65. During the same period in the prior year, the business earned $4.57 EPS. The firm had revenue of $670 million for the quarter, compared to the consensus estimate of $640.69 million. Analysts predict that Intuitive Surgical Inc. will post $21.30 EPS for the current year.

In other Intuitive Surgical news, CEO Gary S. Guthart sold 13,400 shares of the stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $698.00, for a total transaction of $9,353,200.00. Following the transaction, the chief executive officer now owns 78,780 shares of the company’s stock, valued at approximately $54,988,440. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan J. Levy sold 3,188 shares of the 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 transaction, the director now directly owns 5,401 shares in the company, valued at approximately $3,748,888.11. The disclosure for this sale can be found here.

Several hedge funds recently made changes to their positions in the company. Suntrust Banks Inc. boosted its stake in shares of Intuitive Surgical by 476.5% in the fourth quarter. Suntrust Banks Inc. now owns 6,854 shares of the company’s stock worth $3,742,000 after buying an additional 5,665 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of 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 last quarter. Victory Capital Management Inc. boosted its stake in shares of Intuitive Surgical by 38.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,920 shares of the company’s stock worth $1,049,000 after buying an additional 538 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of Intuitive Surgical by 0.9% in the fourth quarter. Mutual of America Capital Management LLC now owns 4,153 shares of the company’s stock worth $2,268,000 after buying an additional 37 shares during the last quarter. Finally, Utah Retirement Systems boosted its stake in shares of Intuitive Surgical by 3.1% in the fourth quarter. Utah Retirement Systems now owns 6,727 shares of the company’s stock worth $3,674,000 after buying an additional 200 shares during the last quarter.

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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