Shares of Intuitive Surgical (NASDAQ:ISRG) have been assigned an average recommendation of “Buy” from the twenty analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $472.73.

A number of equities research analysts have recently weighed in on ISRG shares. Bank of America boosted their target price on Intuitive Surgical from $465.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Vetr downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 price target on the stock. in a report on Tuesday, April 10th. Leerink Swann restated an “outperform” rating and set a $510.00 price target (up previously from $475.00) on shares of Intuitive Surgical in a report on Wednesday, April 18th. Royal Bank of Canada boosted their price target on Intuitive Surgical to $430.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. Finally, Cantor Fitzgerald boosted their price target on Intuitive Surgical to $510.00 and gave the company an “overweight” rating in a report on Wednesday, April 18th.

In other Intuitive Surgical news, EVP David J. Rosa sold 54,000 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $457.02, for a total transaction of $24,679,080.00. Following the transaction, the executive vice president now owns 65,141 shares in the company, valued at approximately $29,770,739.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jamie Samath sold 1,060 shares of the company’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $457.74, for a total value of $485,204.40. Following the transaction, the vice president now owns 257 shares in the company, valued at approximately $117,639.18. The disclosure for this sale can be found here. Insiders have sold a total of 214,767 shares of company stock worth $94,507,063 in the last quarter. Company insiders own 2.20% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Chevy Chase Trust Holdings Inc. grew its holdings in shares of Intuitive Surgical by 206.2% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock worth $65,613,000 after acquiring an additional 121,082 shares during the period. Atria Investments LLC grew its holdings in shares of Intuitive Surgical by 189.4% during the 4th quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after acquiring an additional 1,163 shares during the period. Shaker Investments LLC OH grew its holdings in shares of Intuitive Surgical by 200.0% during the 4th quarter. Shaker Investments LLC OH now owns 2,100 shares of the medical equipment provider’s stock worth $766,000 after acquiring an additional 1,400 shares during the period. Gulf International Bank UK Ltd grew its holdings in shares of Intuitive Surgical by 200.0% during the 4th quarter. Gulf International Bank UK Ltd now owns 35,841 shares of the medical equipment provider’s stock worth $13,079,000 after acquiring an additional 23,894 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Intuitive Surgical by 309.0% during the 4th quarter. LPL Financial LLC now owns 16,124 shares of the medical equipment provider’s stock worth $5,884,000 after acquiring an additional 12,182 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.

Shares of NASDAQ ISRG traded up $8.23 during midday trading on Thursday, reaching $446.19. The company had a trading volume of 731,507 shares, compared to its average volume of 890,331. Intuitive Surgical has a one year low of $277.59 and a one year high of $473.79. The firm has a market cap of $49,449.91, a PE ratio of 62.06, a price-to-earnings-growth ratio of 4.08 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last released its earnings results on Tuesday, April 17th. The medical equipment provider reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.37. Intuitive Surgical had a return on equity of 20.72% and a net margin of 23.25%. The company had revenue of $848.00 million during the quarter, compared to analyst estimates of $773.20 million. During the same quarter in the previous year, the company posted $5.09 EPS. Intuitive Surgical’s revenue for the quarter was up 25.8% on a year-over-year basis. sell-side analysts anticipate that Intuitive Surgical will post 8.84 earnings per share for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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