Is Intuitive Surgical, Inc. (ISRG) a Buy? The Stock Reaches 52-Week High Today

June 14, 2018 - By Alfred Lee

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 is negative, 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.
320 were reported by Mckinley Carter Wealth Services. Hikari Tsushin, Japan-based fund reported 11,340 shares. First Long Island Investors Limited Company holds 0.78% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 13,700 shares. Kcm Investment Advisors Lc invested in 725 shares. State Street Corp invested 0.16% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Edgewood Mgmt Limited Liability Company stated it has 2.40 million shares or 3.95% of all its holdings. Spc Financial reported 0.11% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Moreover, Joel Isaacson And Co Ltd Liability Com has 0.06% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 900 shares. Barclays Public Ltd accumulated 0.07% or 211,179 shares. Bryn Mawr Trust holds 0.02% or 1,035 shares in its portfolio. Waters Parkerson And Company Llc holds 1,010 shares or 0.04% of its portfolio. Employees Retirement Of Ohio invested in 115,275 shares or 0.25% of the stock. Ontario Teachers Pension Plan Board stated it has 0.08% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Howard Management owns 0.05% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 900 shares. Jane Street Group Inc Ltd invested in 33,572 shares or 0.04% of the stock.

Since January 30, 2018, it had 0 insider purchases, and 30 selling transactions for $128.57 million activity. BARRATT CRAIG H had sold 2,500 shares worth $1.11M on Friday, March 9. Myriam Curet also sold $118,350 worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Tuesday, April 24. 28,525 shares were sold by GUTHART GARY S, worth $11.82M on Monday, February 5. The insider Friedman Michael A sold 2,181 shares worth $999,198. MELTZER MARK J sold $10.39M worth of stock or 24,000 shares. Another trade for 1,060 shares valued at $485,202 was made by Samath Jamie on Friday, April 20.

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 EPS, up 20.24 % or $0.34 from last year’s $1.68 per share. ISRG’s profit will be $228.86 million for 61.11 P/E if the $2.02 EPS becomes a reality. After $2.44 actual EPS 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. The firm has “Buy” rating given on Monday, April 9 by Cantor Fitzgerald. Canaccord Genuity maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Friday, January 26 with “Hold” rating. The rating was maintained by Leerink Swann on Thursday, January 18 with “Buy”. Morgan Stanley maintained it with “Overweight” rating and $525 target in Wednesday, April 18 report. The rating was maintained by Morgan Stanley on Friday, January 26 with “Overweight”. The firm has “Hold” rating by Canaccord Genuity given on Tuesday, January 2. On Tuesday, February 20 the stock rating was maintained by Cantor Fitzgerald with “Buy”. J.P. Morgan maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) on Monday, April 16 with “Buy” rating. Morgan Stanley maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Friday, June 1. Morgan Stanley has “Overweight” rating and $535 target. As per Wednesday, April 18, the company rating was maintained by Stifel Nicolaus.

More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Neogen, Intuitive Surgical, IDT, Government Properties Income Trust, Everbridge …” on June 13, 2018, also Nasdaq.com with their article: “3 Robotic Stocks That Can Electrify Your Portfolio” published on May 31, 2018, Benzinga.com published: “A New Automation ETF For Traders Who Haven’t Yet Been Replaced By Robots” on June 13, 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 Seekingalpha.com‘s news article titled: “Discovery Is Undervalued – Cramer’s Lightning Round (6/11/18)” 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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