Evercore ISI began coverage on shares of Intuitive Surgical (NASDAQ:ISRG) in a report released on Wednesday, January 3rd, Marketbeat reports. The brokerage issued an in-line rating and a $380.00 price objective on the medical equipment provider’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Co restated a buy rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Morgan Stanley restated an overweight rating on shares of Intuitive Surgical in a research note on Tuesday, September 5th. Wedbush restated an outperform rating and set a $353.33 price objective on shares of Intuitive Surgical in a research note on Monday, September 25th. Goldman Sachs Group reiterated a buy rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. Finally, Zacks Investment Research upgraded Intuitive Surgical from a hold rating to a buy rating and set a $418.00 price target on the stock in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Buy and an average target price of $409.40.

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Shares of Intuitive Surgical (NASDAQ:ISRG) opened at $436.34 on Wednesday. Intuitive Surgical has a 1 year low of $227.89 and a 1 year high of $452.00. The company has a market capitalization of $48,890.00, a price-to-earnings ratio of 76.82, a PEG ratio of 5.25 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm had revenue of $892.40 million during the quarter, compared to the consensus estimate of $866.54 million. During the same quarter in the previous year, the business earned $2.03 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. analysts predict that Intuitive Surgical will post 7.85 earnings per share for the current fiscal year.

In related news, COO Salvatore Brogna sold 6,082 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $397.61, for a total value of $2,418,264.02. Following the completion of the transaction, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at approximately $1,231,000.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark J. Rubash sold 6,000 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $395.95, for a total value of $2,375,700.00. Following the completion of the transaction, the director now directly owns 5,453 shares of the company’s stock, valued at $2,159,115.35. The disclosure for this sale can be found here. Insiders sold a total of 22,621 shares of company stock valued at $8,983,248 over the last three months. Corporate 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. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Intuitive Surgical by 0.5% during the 2nd quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock valued at $346,000 after acquiring an additional 2 shares during the last quarter. 1st Global Advisors Inc. lifted its position in shares of Intuitive Surgical by 0.7% during the 2nd quarter. 1st Global Advisors Inc. now owns 1,035 shares of the medical equipment provider’s stock valued at $968,000 after acquiring an additional 7 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Intuitive Surgical by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 1,952 shares of the medical equipment provider’s stock valued at $1,826,000 after acquiring an additional 12 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Intuitive Surgical by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,737 shares of the medical equipment provider’s stock valued at $2,560,000 after acquiring an additional 13 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Intuitive Surgical by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,336 shares of the medical equipment provider’s stock valued at $2,185,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 34.01% 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.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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