Intuitive Surgical, Inc. (NASDAQ:ISRG) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a report issued on Thursday. They presently have a $1,010.56 target price on the medical equipment provider’s stock. Vetr‘s price target indicates a potential upside of 4.00% from the stock’s previous close.

A number of other research analysts have also issued reports on ISRG. Canaccord Genuity restated a “hold” rating and issued a $870.00 target price on shares of Intuitive Surgical in a report on Tuesday, July 11th. Royal Bank Of Canada upped their target price on shares of Intuitive Surgical from $800.00 to $950.00 and gave the company a “sector perform” rating in a report on Tuesday. Wells Fargo & Company restated an “outperform” rating and issued a $1,050.00 target price (up from $1,000.00) on shares of Intuitive Surgical in a report on Wednesday, July 12th. Leerink Swann restated an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Finally, BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and an average target price of $885.98.

Shares of Intuitive Surgical (ISRG) traded up 0.51% during midday trading on Thursday, hitting $971.73. 664,323 shares of the stock were exchanged. The firm has a market cap of $35.80 billion, a PE ratio of 48.99 and a beta of 0.39. Intuitive Surgical has a 12-month low of $610.71 and a 12-month high of $974.66. The firm has a 50-day moving average price of $934.93 and a 200 day moving average price of $803.42.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping the consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 27.99% and a return on equity of 15.41%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.62 EPS. Analysts predict that Intuitive Surgical will post $23.59 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Intuitive Surgical, Inc. (NASDAQ:ISRG) Rating Lowered to Hold at Vetr Inc.” was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/07/20/intuitive-surgical-inc-nasdaqisrg-rating-lowered-to-hold-at-vetr-inc.html.

In related news, CEO Gary S. Guthart sold 18,775 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $810.33, for a total transaction of $15,213,945.75. Following the transaction, the chief executive officer now directly owns 95,573 shares in the company, valued at $77,445,669.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Jamie Samath sold 490 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $811.67, for a total value of $397,718.30. Following the transaction, the vice president now owns 48 shares in the company, valued at $38,960.16. The disclosure for this sale can be found here. Insiders have sold 55,306 shares of company stock worth $46,588,332 over the last 90 days. 2.50% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its position in shares of Intuitive Surgical by 2,770.9% in the first quarter. BlackRock Inc. now owns 2,846,621 shares of the medical equipment provider’s stock valued at $2,181,851,000 after buying an additional 2,747,465 shares during the period. Vanguard Group Inc. boosted its position in shares of Intuitive Surgical by 1.2% in the first quarter. Vanguard Group Inc. now owns 2,503,817 shares of the medical equipment provider’s stock valued at $1,919,101,000 after buying an additional 30,306 shares during the period. FMR LLC boosted its position in shares of Intuitive Surgical by 3.4% in the first quarter. FMR LLC now owns 2,277,567 shares of the medical equipment provider’s stock valued at $1,745,686,000 after buying an additional 75,894 shares during the period. Edgewood Management LLC boosted its position in shares of Intuitive Surgical by 38.8% in the first quarter. Edgewood Management LLC now owns 919,617 shares of the medical equipment provider’s stock valued at $704,859,000 after buying an additional 257,165 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Intuitive Surgical by 6.0% in the first quarter. American Century Companies Inc. now owns 551,992 shares of the medical equipment provider’s stock valued at $423,085,000 after buying an additional 31,132 shares during the period. Hedge funds and other institutional investors own 97.53% of the company’s stock.

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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.