Earnings on the Doorstep For Intuitive Surgical, Inc

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Intuitive Surgical Inc on Tuesday increased its 2017 forecast for growth in procedures using its da Vinci surgical robots after reporting higher-than-expected first-quarter revenue and profit, and its shares rose almost 4 percent. The Pl Capital Advisors Llc holds 3.40 million shares with $59.02 million value, up from 2.37M last quarter.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Tuesday, January 24th. Revenue tallied up to $674 million, which was better than the $669.7 million that Wall Street had called for, as well as the $595 million posted a year ago.

Shares of Intuitive Surgical have gained 7.2% to $813.98 at 10:21 a.m. today. Intuitive Surgical stock is now 8% extended from a 700.52 buy point achieved in February out of a cup-with-handle formation.

On 4/18/2017, Zacks Investment Research released a statement about Intuitive Surgical (NASDAQ:ISRG) bumped up the target price from $0.00 to $860.00 that suggested an upside of 0.13%. Following the completion of the sale, the director now owns 3,460 shares of the company's stock, valued at $2,595,000.

When a stock is trading at a 52-week high heading into earnings, it's often a sign that investors have high expectations heading into the report. Gateway Investment Advisers LLC now owns 40,553 shares of the medical equipment provider's stock worth $29,394,000 after buying an additional 1,672 shares during the last quarter.

However, the adjusted operating income for the quarter stood at $263.90 million compared to $229.10 million in the prior year period. Finally, Dynamic Advisors Solutions LLC boosted its stake in Intuitive Surgical by 0.6% in the first quarter. They now have a United States dollars 800 price target on the stock.

Apg Asset Management Nv increased Bce Inc (NYSE:BCE) stake by 49,400 shares to 1.81M valued at $74.20M in 2016Q4. Intuitive Surgical had a return on equity of 14.24% and a net margin of 27.21%.

Intuitive said it deferred $23 million in first-quarter revenue under a new program in which some customers were offered the opportunity to trade products purchased in the first quarter of this year for products expected to be launched in the future.

"Procedure growth of about 18 percent was one of the strongest we have seen so far", Evercore ISI analyst Vijay Kumar said in a note. If you are accessing this report on another publication, it was copied illegally and republished in violation of United States and global copyright and trademark legislation. The stock was sold at an average price of $684.38, for a total value of $684,380.00.

Intuitive Surgical, Inc. had its "overweight" rating reiterated by analysts at Barclays. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Following the transaction, the senior vice president now directly owns 762 shares of the company's stock, valued at $556,107.60.

On 3/1/2017 Salvatore Brogna, EVP, sold 6,628 with an average share price of $736.80 per share and the total transaction amounting to $4,883,510.40. The disclosure for this sale can be found here. On Friday, February 3 the stock rating was downgraded by Berenberg to "Hold".

Intuitive Surgical, Inc. designs, makes and markets da Vinci Surgical Systems, and related instruments and accessories.

The company revealed that it shipped 133 units of its da Vinci robot surgery systems, which perform human tasks with more precision and without wearing out. It dropped, as 57 investors sold ISRG shares while 165 reduced holdings. 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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