Intuitive Surgical, Inc. (NASDAQ:ISRG)‘s stock had its “overweight” rating reissued by research analysts at J P Morgan Chase & Co in a research note issued on Friday, The Fly reports. They presently have a $1,050.00 target price on the medical equipment provider’s stock. J P Morgan Chase & Co’s price objective would suggest a potential upside of 13.21% from the company’s previous close.

ISRG has been the subject of a number of other research reports. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 target price for the company in a research note on Monday, April 24th. Canaccord Genuity reissued a “buy” rating and issued a $800.00 target price on shares of Intuitive Surgical in a research note on Friday, March 24th. Barclays PLC reissued a “buy” rating and issued a $800.00 target price on shares of Intuitive Surgical in a research note on Sunday, March 26th. Wedbush boosted their target price on Intuitive Surgical from $835.00 to $875.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Finally, Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical has a consensus rating of “Buy” and a consensus price target of $953.97.

Shares of Intuitive Surgical (NASDAQ ISRG) opened at 927.47 on Friday. The stock has a 50 day moving average price of $934.93 and a 200 day moving average price of $803.42. Intuitive Surgical has a 52 week low of $610.71 and a 52 week high of $974.66. The firm has a market cap of $34.17 billion, a PE ratio of 46.75 and a beta of 0.39.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $0.16. Intuitive Surgical had a return on equity of 15.51% and a net margin of 28.44%. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same quarter in the previous year, the company posted $5.62 EPS. Intuitive Surgical’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities analysts expect that Intuitive Surgical will post $23.59 earnings per share for the current year.

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In other Intuitive Surgical news, Director Alan J. Levy sold 1,386 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $813.15, for a total transaction of $1,127,025.90. Following the transaction, the director now owns 2,598 shares in the company, valued at approximately $2,112,563.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Mark J. Meltzer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $887.09, for a total value of $2,661,270.00. Following the transaction, the senior vice president now owns 3,046 shares in the company, valued at approximately $2,702,076.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,041 shares of company stock worth $24,493,708. 2.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of ISRG. BlackRock Inc. increased its position in Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock worth $2,181,851,000 after buying an additional 2,747,465 shares during the period. Edgewood Management LLC increased its position in Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock worth $704,859,000 after buying an additional 257,165 shares during the period. Waddell & Reed Financial Inc. increased its position in Intuitive Surgical by 77.3% in the first quarter. Waddell & Reed Financial Inc. now owns 417,863 shares of the medical equipment provider’s stock worth $320,280,000 after buying an additional 182,139 shares during the period. Nomura Asset Management Co. Ltd. increased its position in Intuitive Surgical by 497.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 105,845 shares of the medical equipment provider’s stock worth $81,127,000 after buying an additional 88,140 shares during the period. Finally, FMR LLC increased its position in Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock worth $1,745,686,000 after buying an additional 75,894 shares during the period. Hedge funds and other institutional investors own 97.53% 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.

The Fly

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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