Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) are going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, October 5th.

Intuitive Surgical (NASDAQ ISRG) opened at 1045.47 on Wednesday. Intuitive Surgical has a one year low of $610.71 and a one year high of $1,054.77. The stock has a market cap of $38.84 billion, a PE ratio of 50.08 and a beta of 0.38. The company’s 50 day moving average is $990.40 and its 200 day moving average is $891.23.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.05. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. Intuitive Surgical’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.87 EPS. On average, equities research analysts expect that Intuitive Surgical will post $23.92 EPS for the current year.

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A number of analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “hold” rating and set a $333.33 price target on shares of Intuitive Surgical in a research note on Friday, July 21st. Vetr downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 price objective for the company. in a research report on Wednesday, August 16th. Citigroup Inc. restated a “buy” rating and set a $359.33 price objective (up previously from $305.67) on shares of Intuitive Surgical in a research report on Monday, July 24th. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research report on Thursday, June 15th. Finally, Bank of America Corporation restated a “buy” rating and set a $333.33 price objective on shares of Intuitive Surgical in a research report on Thursday, June 1st. Five equities research 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. Intuitive Surgical presently has an average rating of “Buy” and an average price target of $366.12.

In other news, EVP Salvatore Brogna sold 899 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $1,001.90, for a total value of $900,708.10. Following the completion of the transaction, the executive vice president now owns 570 shares in the company, valued at approximately $571,083. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael A. Friedman sold 1,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total transaction of $945,600.00. Following the completion of the transaction, the director now owns 977 shares of the company’s stock, valued at approximately $923,851.20. The disclosure for this sale can be found here. Insiders sold a total of 23,172 shares of company stock valued at $21,923,487 in the last quarter. Insiders own 2.20% of the company’s stock.

Large investors have recently bought and sold shares of the business. Guardian Life Insurance Co. of America increased its holdings in Intuitive Surgical by 2.2% during the 1st quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after acquiring an additional 3 shares in the last quarter. ETF Managers Group LLC purchased a new position in Intuitive Surgical during the 2nd quarter valued at about $110,000. D. Scott Neal Inc. purchased a new position in Intuitive Surgical during the 2nd quarter valued at about $120,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical during the 2nd quarter valued at about $120,000. Finally, Parallel Advisors LLC increased its holdings in Intuitive Surgical by 10.1% during the 1st quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after acquiring an additional 14 shares in the last quarter. Hedge funds and other institutional investors own 94.23% 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.

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