Intuitive Surgical, Inc. (NASDAQ:ISRG) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

A number of other equities analysts have also weighed in on the company. Citigroup Inc. reiterated a “buy” rating and set a $1,078.00 target price (up previously from $917.00) on shares of Intuitive Surgical in a research note on Monday. Stifel Nicolaus restated a “buy” rating and set a $1,100.00 price objective (up previously from $850.00) on shares of Intuitive Surgical in a research note on Saturday. Royal Bank Of Canada restated a “hold” rating and set a $1,000.00 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. J P Morgan Chase & Co restated an “overweight” rating and set a $1,050.00 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Finally, Barclays PLC raised their price objective on Intuitive Surgical from $870.00 to $1,000.00 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $972.39.

Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 944.92 on Monday. Intuitive Surgical has a one year low of $610.71 and a one year high of $974.66. The firm has a market cap of $35.10 billion, a price-to-earnings ratio of 45.26 and a beta of 0.39. The stock’s 50 day moving average price is $935.86 and its 200 day moving average price is $809.08.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $5.79 by $0.16. The company had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The firm’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $5.62 earnings per share. On average, equities analysts anticipate that Intuitive Surgical will post $23.86 earnings per share for the current fiscal year.

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In other Intuitive Surgical news, CFO Marshall Mohr sold 8,950 shares of the firm’s stock in a transaction on Thursday, April 27th. The stock was sold at an average price of $835.89, for a total value of $7,481,215.50. Following the sale, the chief financial officer now owns 6,422 shares of the company’s stock, valued at approximately $5,368,085.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Curet Myriam sold 3,385 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $837.21, for a total value of $2,833,955.85. Following the completion of the sale, the senior vice president now directly owns 2,657 shares in the company, valued at approximately $2,224,466.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,473 shares of company stock worth $25,167,633. Company insiders own 2.50% of the company’s stock.

Large investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of 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 in the last quarter. Vanguard Group Inc. increased its stake in shares of Intuitive Surgical by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock worth $1,919,101,000 after buying an additional 30,306 shares in the last quarter. FMR LLC increased its stake in shares of 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 in the last quarter. Edgewood Management LLC increased its stake in shares of 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 in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Intuitive Surgical by 6.0% in the first quarter. American Century Companies Inc. now owns 551,992 shares of the medical equipment provider’s stock worth $423,085,000 after buying an additional 31,132 shares in the last quarter. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

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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