Intuitive Surgical, Inc. (NASDAQ:ISRG) shares are scheduled to split on the morning of Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Wednesday, August 30th.

Shares of Intuitive Surgical (NASDAQ:ISRG) opened at 964.56 on Tuesday. Intuitive Surgical has a 52 week low of $610.71 and a 52 week high of $974.66. The firm has a market capitalization of $35.83 billion, a price-to-earnings ratio of 46.20 and a beta of 0.39. The firm has a 50-day moving average price of $941.59 and a 200-day moving average price of $837.95.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.79 by $0.16. The company had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. Intuitive Surgical’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 earnings per share. On average, equities analysts expect that Intuitive Surgical will post $23.86 earnings per share for the current fiscal year.

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A number of research analysts have recently weighed in on ISRG shares. Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $911.00 price target on the stock in a report on Monday, April 24th. Barclays PLC reiterated a “buy” rating and set a $830.00 price target (up previously from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Canaccord Genuity reiterated a “buy” rating and set a $870.00 price target (up previously from $800.00) on shares of Intuitive Surgical in a report on Wednesday, April 19th. Stifel Nicolaus lifted their price target on Intuitive Surgical from $800.00 to $850.00 and gave the company a “buy” rating in a report on Wednesday, April 19th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $917.00 price target (up previously from $820.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $980.03.

In other Intuitive Surgical news, SVP Curet Myriam sold 1,202 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $950.20, for a total value of $1,142,140.40. Following the completion of the sale, the senior vice president now owns 1,428 shares of the company’s stock, valued at $1,356,885.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Mark J. Meltzer sold 3,000 shares of the business’s stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $887.09, for a total value of $2,661,270.00. Following the completion of the sale, the senior vice president now directly owns 3,046 shares of the company’s stock, valued at approximately $2,702,076.14. The disclosure for this sale can be found here. Insiders sold 34,065 shares of company stock worth $31,659,090 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Glen Harbor Capital Management LLC boosted its stake in shares of Intuitive Surgical by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 12,912 shares of the medical equipment provider’s stock worth $9,897,000 after buying an additional 304 shares in the last quarter. Meritage Portfolio Management boosted its stake in shares of Intuitive Surgical by 0.6% in the first quarter. Meritage Portfolio Management now owns 6,795 shares of the medical equipment provider’s stock worth $5,208,000 after buying an additional 43 shares in the last quarter. Profund Advisors LLC boosted its stake in shares of Intuitive Surgical by 6.7% in the first quarter. Profund Advisors LLC now owns 3,525 shares of the medical equipment provider’s stock worth $2,702,000 after buying an additional 222 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Intuitive Surgical by 3.7% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 1,033 shares of the medical equipment provider’s stock worth $740,000 after buying an additional 37 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in shares of Intuitive Surgical by 3.1% in the first quarter. Candriam Luxembourg S.C.A. now owns 17,725 shares of the medical equipment provider’s stock worth $13,586,000 after buying an additional 537 shares in the last quarter. 96.08% of the stock is owned by institutional investors.

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.

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