Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) reached a new 52-week high during trading on Tuesday . The company traded as high as $1,020.00 and last traded at $1,022.14, with a volume of 194,927 shares changing hands. The stock had previously closed at $1,006.75.

A number of research firms recently commented on ISRG. Royal Bank Of Canada reaffirmed a “hold” rating and set a $1,000.00 price objective on shares of Intuitive Surgical in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and set a $1,150.00 price objective (up previously from $1,070.00) on shares of Intuitive Surgical in a research note on Tuesday. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Finally, Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a research note on Wednesday, July 5th. Five investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $412.79.

The company has a 50-day moving average price of $961.09 and a 200-day moving average price of $864.84. The stock has a market cap of $37.72 billion, a P/E ratio of 48.64 and a beta of 0.38. Intuitive Surgical’s stock is set to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be issued to shareholders after the market closes on Thursday, October 5th.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.93 by $0.05. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.87 earnings per share. Analysts anticipate that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.

In related news, CEO Gary S. Guthart sold 17,975 shares of Intuitive Surgical stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the sale, the chief executive officer now owns 101,798 shares of the company’s stock, valued at $95,412,211.46. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Salvatore Brogna sold 899 shares of Intuitive Surgical stock in a transaction on Friday, September 1st. The shares were sold at an average price of $1,001.90, for a total value of $900,708.10. Following the sale, the executive vice president now directly owns 570 shares of the company’s stock, valued at approximately $571,083. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,422 shares of company stock valued at $27,564,287. Insiders own 2.20% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ISRG. ETF Managers Group LLC acquired a new stake in shares of Intuitive Surgical in the second quarter worth about $110,000. D. Scott Neal Inc. acquired a new stake in shares of Intuitive Surgical in the second quarter worth about $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Intuitive Surgical in the second quarter worth about $120,000. Guardian Life Insurance Co. of America lifted its position in shares of Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares during the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares during the last quarter. 94.23% of the stock is owned by hedge funds and other institutional investors.

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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.