Intuitive Surgical (ISRG) is Upgraded by Morgan Stanley to Overweight

Intuitive Surgical (ISRG) is Upgraded by Morgan Stanley to Overweight , according to the research report released to the investors. Earlier the firm had a rating of Equal-Weight on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-4-2016.

Intuitive Surgical, Inc. is up 19.88% in the last 3-month period. Year-to-Date the stock performance stands at 3.26%.

Intuitive Surgical, Inc. (NASDAQ:ISRG) has dropped 0.24% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 4.75% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 0.6% and the outperformance increases to 7.2% for the last 4 weeks.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) ended Thursday session in red amid volatile trading. The shares closed down 6.35 points or 1.15% at $546.16 with 180,555 shares getting traded. Post opening the session at $550.61, the shares hit an intraday low of $545.75 and an intraday high of $552.88 and the price vacillated in this range throughout the day. The company has a market cap of $20,407 million and the number of outstanding shares have been calculated to be 37,365,210 shares. The 52-week high of Intuitive Surgical, Inc. (NASDAQ:ISRG) is $564.8571 and the 52-week low is $447.

Currently the company Insiders own 3.5% of Intuitive Surgical, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.75% . Institutional Investors own 91.03% of Intuitive Surgical, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -0.88%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The officer (EVP – Product Operations), of Intuitive Surgical Inc, Brogna Salvatore had unloaded 2,734 shares at $530 per share in a transaction on December 14, 2015. The total value of transaction was $1,449,020. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Intuitive Surgical, Inc. (Intuitive) designs, manufactures and markets da Vinci Surgical Systems and related instruments and accessories. A da Vinci Surgical System consists of a surgeons console, a patient-side cart and a high performance vision system. The da Vinci Surgical System translates a surgeons 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. The da Vinci Surgical System is designed to provide its operating surgeon with intuitive control, range of motion, fine tissue manipulation capability and three dimensional (3-D), high-definition (HD) vision while simultaneously allowing the surgeon to work through the small ports of MIS. In January 2014, Luna Innovations Inc announced the sale of its shape-sensing technology for medical applications to Intuitive Surgical, Inc.