Intuitive Surgical, Inc. (ISRG) Sets New 52-Week High at $996.60
Intuitive Surgical, Inc. (NASDAQ:ISRG) reached a new 52-week high on Tuesday . The stock traded as high as $996.60 and last traded at $996.21, with a volume of 315,176 shares changing hands. The stock had previously closed at $982.70.
ISRG has been the topic of several analyst reports. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 price objective on the stock in a research note on Monday, April 24th. Wedbush upped their price objective on Intuitive Surgical from $835.00 to $875.00 and gave the company an “outperform” rating in a research note on Monday, April 24th. Leerink Swann reiterated an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Morgan Stanley reissued an “overweight” rating and issued a $1,070.00 target price (up from $950.00) on shares of Intuitive Surgical in a report on Tuesday, July 25th. Finally, Barclays PLC boosted their target price on Intuitive Surgical from $870.00 to $1,000.00 and gave the stock an “overweight” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $980.61.
The stock has a 50-day moving average of $948.04 and a 200-day moving average of $848.40. The stock has a market cap of $37.02 billion, a PE ratio of 47.73 and a beta of 0.39. Shares of Intuitive Surgical are scheduled to split on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly created shares will be payable to shareholders after the closing bell on Wednesday, August 30th.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The firm had revenue of $756.20 million for the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.62 earnings per share. On average, analysts expect that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
In other news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mark J. Rubash sold 3,000 shares of Intuitive Surgical stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $931.51, for a total transaction of $2,794,530.00. Following the transaction, the director now owns 4,151 shares in the company, valued at approximately $3,866,698.01. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 34,065 shares of company stock worth $31,659,090. Insiders own 2.50% of the company’s stock.
Several institutional investors have recently modified their holdings of ISRG. Huntington National Bank raised its position in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock worth $130,000 after buying an additional 21 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Intuitive Surgical during the first quarter worth approximately $482,000. Mn Services Vermogensbeheer B.V. raised its position in shares of Intuitive Surgical by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,033 shares of the medical equipment provider’s stock worth $740,000 after buying an additional 37 shares during the period. Profund Advisors LLC raised its position in shares of Intuitive Surgical by 6.7% in the first quarter. Profund Advisors LLC now owns 3,525 shares of the medical equipment provider’s stock worth $2,702,000 after buying an additional 222 shares during the period. Finally, Meritage Portfolio Management raised its position in shares of Intuitive Surgical by 0.6% in the first quarter. Meritage Portfolio Management now owns 6,795 shares of the medical equipment provider’s stock worth $5,208,000 after buying an additional 43 shares during the period. Institutional investors own 96.08% of the company’s stock.
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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.