Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “overweight” rating restated by equities researchers at Cantor Fitzgerald in a research report issued to clients and investors on Friday. They presently have a $410.00 target price on the medical equipment provider’s stock. Cantor Fitzgerald’s price objective would indicate a potential downside of 1.76% from the stock’s current price.

The analysts wrote, “ISRG announced preliminary 4Q revenue of $892MM (+18%), beating FactSet consensus by $45MM. The beat was driven by 20% y/y growth in system revenue and 18% y/y growth in instrument and accessory revenue.””

Other analysts have also issued reports about the company. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 price objective for the company in a report on Wednesday, October 25th. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a report on Monday, October 16th. Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. Finally, Goldman Sachs Group reissued a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $349.69.

Shares of Intuitive Surgical (NASDAQ:ISRG) traded up $19.76 during trading on Friday, reaching $417.36. The company had a trading volume of 703,524 shares, compared to its average volume of 934,700. Intuitive Surgical has a twelve month low of $213.91 and a twelve month high of $405.05. The company has a market cap of $47,550.00, a price-to-earnings ratio of 53.92, a price-to-earnings-growth ratio of 5.33 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm’s revenue was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. research analysts forecast that Intuitive Surgical will post 7.85 EPS for the current year.

In related news, insider Craig H. Barratt sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, October 26th. The stock was sold at an average price of $381.00, for a total value of $2,857,500.00. Following the transaction, the insider now owns 7,500 shares in the company, valued at $2,857,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $371.18, for a total value of $5,567,700.00. Following the completion of the transaction, the insider now owns 7,500 shares in the company, valued at approximately $2,783,850. The disclosure for this sale can be found here. Insiders sold a total of 55,944 shares of company stock worth $21,432,971 in the last 90 days. Company insiders own 2.20% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Edgewood Management LLC lifted its position in shares of Intuitive Surgical by 200.7% during the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after acquiring an additional 1,934,382 shares in the last quarter. FMR LLC lifted its position in shares of Intuitive Surgical by 19.6% during the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after acquiring an additional 447,397 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Intuitive Surgical by 0.8% during the second quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock worth $2,360,900,000 after acquiring an additional 20,210 shares in the last quarter. Koch Industries Inc. lifted its position in shares of Intuitive Surgical by 202,917.0% during the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after acquiring an additional 1,387,952 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Intuitive Surgical by 3.3% during the second quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after acquiring an additional 21,795 shares in the last quarter. Institutional investors and hedge funds own 32.80% of the company’s stock.

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Intuitive Surgical Company Profile

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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