Intuitive Surgical, Inc. (ISRG) Sets New 52-Week High at $1,020.00
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.
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.