The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) reached all time high today, Sep, 30 and still has $929.47 target or 28.00% above today’s $726.15 share price. This indicates more upside for the $28.04 billion company. This technical setup was reported by Barchart.com. If the $929.47 PT is reached, the company will be worth $7.85 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 149,089 shares traded hands. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 26.88% since February 26, 2016 and is uptrending. It has outperformed by 16.45% the S&P500.
Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on October, 18. They expect $4.35 earnings per share, down 3.33% or $0.15 from last year’s $4.5 per share. ISRG’s profit will be $167.97M for 41.73 P/E if the $4.35 EPS becomes a reality. After $4.86 actual earnings per share reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts -10.49% negative EPS growth.
Intuitive Surgical, Inc. (NASDAQ:ISRG) Ratings Coverage
Out of 15 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 11 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 73% are positive. Intuitive Surgical Inc has been the topic of 28 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Leerink Swann maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Thursday, January 14. Leerink Swann has “Outperform” rating and $640.0 price target. The rating was maintained by Stifel Nicolaus on Wednesday, July 20 with “Buy”. The rating was initiated by Citigroup on Thursday, November 12 with “Buy”. The firm has “Buy” rating given on Wednesday, April 20 by Bank of America. On Monday, January 4 the stock rating was upgraded by Morgan Stanley to “Overweight”. The firm has “Outperform” rating given on Wednesday, July 20 by Wedbush. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 20. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) has “Outperform” rating given on Friday, August 26 by Raymond James. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Neutral” rating by BTIG Research on Friday, April 1. On Sunday, September 6 the stock rating was maintained by Wedbush with “Buy”.
According to Zacks Investment Research, “Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.”
Insitutional Activity: The institutional sentiment decreased to 1.12 in 2016 Q2. Its down 0.13, from 1.25 in 2016Q1. The ratio worsened, as 35 funds sold all Intuitive Surgical, Inc. shares owned while 178 reduced positions. 54 funds bought stakes while 185 increased positions. They now own 36.66 million shares or 17.03% less from 44.18 million shares in 2016Q1.
Vanguard Grp Inc, a Pennsylvania-based fund reported 2.33M shares. Sva Plumb Wealth Ltd Liability Com has 6,012 shares for 0.64% of their US portfolio. Winton Cap Gru Ltd, a United Kingdom-based fund reported 23,900 shares. Moreover, Sandy Spring Retail Bank has 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 87 shares. Riverpark Limited Liability Corp holds 4,997 shares or 1.62% of its portfolio. Cordasco Finance Network holds 0.12% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 160 shares. Endurance Wealth Mngmt Inc last reported 0.03% of its portfolio in the stock. Stifel has 25,068 shares for 0.08% of their US portfolio. Winslow Evans Crocker holds 54 shares or 0% of its portfolio. Ironwood Counsel Limited Liability Corporation, a Arizona-based fund reported 700 shares. First Republic Inv Management accumulated 0.17% or 26,027 shares. The Pennsylvania-based Federated Pa has invested 0% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Shelton Cap holds 0.31% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 5,295 shares. California Public Employees Retirement holds 0.11% or 99,500 shares in its portfolio. The Germany-based Allianz Asset Ag has invested 0.01% in Intuitive Surgical, Inc. (NASDAQ:ISRG).
Insider Transactions: Since April 21, 2016, the stock had 0 buys, and 16 selling transactions for $64.11 million net activity. HALVORSON ERIC H also sold $3.64 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, April 21. On Tuesday, April 26 the insider LEVY ALAN J sold $342,392. 8,173 Intuitive Surgical, Inc. (NASDAQ:ISRG) shares with value of $5.21 million were sold by Myriam Curet. 2,000 shares with value of $1.25M were sold by SMITH LONNIE M on Tuesday, May 17. $3.16M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) was sold by MOHR MARSHALL. $1.60M worth of shares were sold by Johnson Amal M on Monday, April 25. 16,625 Intuitive Surgical, Inc. (NASDAQ:ISRG) shares with value of $10.50M were sold by MELTZER MARK J.
More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “Could Intuitive Surgical, Inc. Be the Next Great Dividend Payer?” on September 30, 2016, also Fool.com with their article: “4 Things Intuitive Surgical, Inc. Management Wants You to Know” published on September 21, 2016, Profitconfidential.com published: “Intuitive Surgical, Inc.: Reason to be Bullish on ISRG Stock” on September 26, 2016. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Fool.com and their article: “Better Buy: Intuitive Surgical, Inc. vs. Johnson & Johnson” published on July 22, 2016 as well as Fool.com‘s news article titled: “Intuitive Surgical, Inc. Continues Its Trend of Robust Growth” with publication date: July 20, 2016.
ISRG Company Profile
Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, makes 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. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. The Company’s da Vinci Surgery utilizes computational, robotic and imaging technologies.
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