Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) were down 198.5% during mid-day trading on Friday . The company traded as low as $360.20 and last traded at $361.47. Approximately 889,588 shares were traded during trading, an increase of 190% from the average daily volume of 306,954 shares. The stock had previously closed at $121.08.
A number of analysts recently issued reports on ISRG shares. Stifel Nicolaus reiterated a “buy” rating and set a $122.22 price objective (up from $94.44) on shares of Intuitive Surgical in a research note on Saturday, July 22nd. Leerink Swann restated an “outperform” rating on shares of Intuitive Surgical in a research report on Wednesday, July 5th. Wedbush restated an “outperform” rating and set a $353.33 target price on shares of Intuitive Surgical in a research report on Monday, September 25th. Morgan Stanley restated an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Finally, Royal Bank Of Canada boosted their target price on Intuitive Surgical from $88.89 to $105.56 and gave the stock a “sector perform” rating in a research report on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $137.11.
The company has a market capitalization of $42.06 billion, a P/E ratio of 57.90 and a beta of 0.39. The firm’s 50 day moving average price is $342.46 and its 200-day moving average price is $305.94.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. During the same quarter last year, the business posted $0.62 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. On average, equities research analysts expect that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.
In other Intuitive Surgical news, SVP Curet Myriam sold 1,202 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the completion of the transaction, the senior vice president now owns 1,428 shares in the company, valued at $1,356,885.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary S. Guthart sold 17,975 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the transaction, the chief executive officer now owns 101,798 shares of the company’s stock, valued at approximately $95,412,211.46. The disclosure for this sale can be found here. Insiders have sold 23,172 shares of company stock valued at $21,923,487 in the last 90 days. Company insiders own 2.20% of the company’s stock.
Several large investors have recently made changes to their positions in the business. Eqis Capital Management Inc. boosted its position in shares of Intuitive Surgical by 17.2% during the third quarter. Eqis Capital Management Inc. now owns 408 shares of the medical equipment provider’s stock valued at $427,000 after buying an additional 60 shares during the period. Paulson & CO. Inc. raised its stake in shares of Intuitive Surgical by 37.8% during the second quarter. Paulson & CO. Inc. now owns 10,200 shares of the medical equipment provider’s stock valued at $9,541,000 after acquiring an additional 2,800 shares in the last quarter. W. E. Donoghue & Co. LLC bought a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $2,306,000. Lord Abbett & CO. LLC raised its stake in shares of Intuitive Surgical by 55.5% during the second quarter. Lord Abbett & CO. LLC now owns 62,078 shares of the medical equipment provider’s stock valued at $58,066,000 after acquiring an additional 22,152 shares in the last quarter. Finally, USA Financial Portformulas Corp bought a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $2,905,000. Institutional investors and hedge funds own 94.23% 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.
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