Intuitive Surgical, Inc. (ISRG)’s Stock Is Buy After Achieving 52-Week High

June 14, 2018 - By Richard Conner

Intuitive Surgical, Inc. (NASDAQ:ISRG) Logo

Investors sentiment decreased to 1.13 in Q1 2018. Its down 11.35, from 12.48 in 2017Q4. It worsened, as 44 investors sold Intuitive Surgical, Inc. shares while 208 reduced holdings. 89 funds opened positions while 195 raised stakes. 94.20 million shares or 50.91% less from 191.92 million shares in 2017Q4 were reported.
Moreover, Edgewood has 3.95% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Two Sigma Securities Limited Liability Company holds 0.02% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 7,210 shares. Pathstone Family Office Limited Liability Com invested in 0.01% or 21 shares. Bessemer holds 0% or 1,741 shares. Intrust Savings Bank Na has 2,777 shares. Bath Savings Company has 4,691 shares. First Foundation Advisors holds 2,264 shares. 6,955 are held by Bnp Paribas Asset. Banque Pictet And Cie reported 0.07% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Family Capital holds 3,960 shares. Howard Capital Mngmt reported 900 shares. Waters Parkerson holds 0.04% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 1,010 shares. Gulf Bankshares (Uk) Ltd holds 35,674 shares or 0.19% of its portfolio. Tb Alternative Assets Limited owns 500 shares or 0.09% of their US portfolio. Vanguard Group invested in 0.15% or 8.12M shares.

Since January 30, 2018, it had 0 insider purchases, and 30 insider sales for $128.57 million activity. SMITH LONNIE M also sold $4.48 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. $1.23M worth of stock was sold by Brogna Salvatore on Friday, June 1. Samath Jamie sold $361,698 worth of stock or 861 shares. $420,006 worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) was sold by RUBASH MARK J on Monday, March 5. Rosa David J. also sold $24.68 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) shares. Shares for $118,350 were sold by Myriam Curet on Tuesday, April 24.

The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) hit a new 52-week high and has $538.17 target or 9.00 % above today’s $493.73 share price. The 6 months bullish chart indicates low risk for the $55.94B company. The 1-year high was reported on Jun, 14 by Barchart.com. If the $538.17 price target is reached, the company will be worth $5.03 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.66% or $3.26 during the last trading session, reaching $493.73. About 425,318 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 50.92% since June 14, 2017 and is uptrending. It has outperformed by 38.35% the S&P500.

Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on July, 19. They expect $2.02 earnings per share, up 20.24 % or $0.34 from last year’s $1.68 per share. ISRG’s profit will be $228.86M for 61.11 P/E if the $2.02 EPS becomes a reality. After $2.44 actual earnings per share reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts -17.21 % negative EPS growth.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Ratings Coverage

Among 11 analysts covering Intuitive Surgical (NASDAQ:ISRG), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Intuitive Surgical had 22 analyst reports since January 3, 2018 according to SRatingsIntel. Cantor Fitzgerald maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Tuesday, April 17. Cantor Fitzgerald has “Buy” rating and $51000 target. The stock has “Buy” rating by Cantor Fitzgerald on Monday, April 9. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, April 18. The firm has “Buy” rating by Cantor Fitzgerald given on Wednesday, January 10. The firm earned “Buy” rating on Thursday, January 25 by Stifel Nicolaus. On Thursday, January 25 the stock rating was maintained by Piper Jaffray with “Hold”. Canaccord Genuity maintained the stock with “Hold” rating in Tuesday, January 2 report. Cantor Fitzgerald maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Friday, January 26 with “Buy” rating. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) earned “Buy” rating by Citigroup on Tuesday, February 6. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) has “Buy” rating given on Wednesday, April 18 by Leerink Swann.

More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “Better Buy: Intuitive Surgical, Inc. vs. Medtronic PLC” on June 06, 2018, also Nasdaq.com with their article: “Market Trends Toward New Normal in Neogen, Intuitive Surgical, IDT, Government Properties Income Trust, Everbridge …” published on June 13, 2018, Seekingalpha.com published: “Discovery Is Undervalued – Cramer’s Lightning Round (6/11/18)” on June 12, 2018. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Globenewswire.com and their article: “Intuitive to Begin Direct Operations in India” published on May 30, 2018 as well as Investorplace.com‘s news article titled: “The Top 20 Stocks of 2018” with publication date: June 12, 2018.

Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company has market cap of $55.94 billion. The companyÂ’s da Vinci surgical System translates a surgeonÂ’s natural 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. It has a 75.37 P/E ratio. The Company’s da Vinci surgical system include surgeonÂ’s consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

Intuitive Surgical, Inc. (NASDAQ:ISRG) Institutional Positions Chart

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