Intuitive Surgical, Inc. (NASDAQ:ISRG) – Wedbush boosted their Q4 2017 earnings per share estimates for Intuitive Surgical in a report released on Tuesday. Wedbush analyst Levy. T now forecasts that the medical equipment provider will post earnings per share of $1.95 for the quarter, up from their previous estimate of $1.95. Wedbush has a “Buy” rating on the stock. Wedbush also issued estimates for Intuitive Surgical’s FY2018 earnings at $8.10 EPS and FY2019 earnings at $9.30 EPS.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.02. The firm had revenue of $756.20 million for the quarter, compared to the consensus estimate of $724.51 million. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the business posted $0.62 EPS.

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A number of other brokerages have also weighed in on ISRG. Stifel Nicolaus reissued a “buy” rating and set a $122.22 price objective (up from $94.44) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Royal Bank Of Canada boosted their price objective on shares of Intuitive Surgical from $88.89 to $105.56 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $116.67 price objective (up from $111.11) on shares of Intuitive Surgical in a report on Wednesday, July 12th. Five equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $137.11.

Intuitive Surgical (NASDAQ:ISRG) traded up 0.49% during trading on Thursday, hitting $362.07. The stock had a trading volume of 195,747 shares. The firm has a market cap of $40.35 billion, a PE ratio of 52.03 and a beta of 0.39. Intuitive Surgical has a 52-week low of $203.57 and a 52-week high of $1,094.55. The company’s 50 day moving average is $344.80 and its 200 day moving average is $308.64.

Hedge funds have recently bought and sold shares of the company. Stifel Financial Corp boosted its stake in shares of Intuitive Surgical by 11.2% during the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after acquiring an additional 841 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Intuitive Surgical by 26.7% during the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after acquiring an additional 279 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Intuitive Surgical by 9.8% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock worth $420,839,000 after acquiring an additional 40,115 shares in the last quarter. Brown Advisory Securities LLC boosted its stake in shares of Intuitive Surgical by 1.4% during the 1st quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock worth $1,722,000 after acquiring an additional 31 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Intuitive Surgical by 3.3% during the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after acquiring an additional 21,795 shares in the last quarter. 94.23% of the stock is currently owned by institutional investors and hedge funds.

In other Intuitive Surgical news, EVP Salvatore Brogna sold 899 shares of the company’s stock in a transaction on 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 sale, the executive vice president now directly owns 570 shares of the company’s stock, valued at $571,083. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gary S. Guthart sold 17,975 shares of the company’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total transaction of $16,847,428.25. Following the completion of the sale, the chief executive officer now directly owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,172 shares of company stock worth $21,923,487. 2.20% of the stock is owned by corporate insiders.

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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