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News Breaks
May 2, 2014
08:10 EDTISRGIntuitive Surgical announces accelerated share repurchase
Intuitive Surgical announced that it has entered into an accelerated share repurchase program with Goldman Sachs pursuant to which Intuitive Surgical will repurchase $1B of its common stock from Goldman. The company anticipates that a majority of the shares repurchased under the ASR Program will be received and retired within two weeks. The remaining shares, if any, under the program will be received and retired in early November, although they could be received earlier if the ASR Program is ended sooner. The company had $1B remaining under board authorized repurchases prior to this ASR Program. Additional repurchases by the company will require additional board authorizations. The company expects to fund the ASR Program through cash and investments. As of March 31, the company had approximately $3B of cash, cash equivalents and investments.
News For ISRG From The Last 14 Days
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October 20, 2014
07:11 EDTISRGAmerican Society for Reproductive Medicine to hold annual meeting
2014 Annual Meeting of ASRM is being held in Honolulu on October 18-22.
07:01 EDTISRGIntuitive Surgical Q3 expectations achievable, says Jefferies
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October 17, 2014
13:55 EDTISRGIntuitive Surgical volatility elevated into Q3 and outlook
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06:41 EDTISRGIntuitive Surgical upgraded to Outperform from Market Perform at Leerink
Leerink upgraded Intuitive Surgical to Outperform saying it has greater confidence in the company's ability to accelerate procedure growth after surveying surgeons. The firm raised its price target for shares to $560 from $450.
October 6, 2014
11:25 EDTISRGIntuitive Surgical volatility increases on rally after Goldman upgrades
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11:17 EDTISRGIntuitive Surgical climbs after Goldman ups to Buy
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10:41 EDTISRGIntuitive Surgical rises, levels to watch
At time of writing the shares were up over 3.9% to $493.83, well down from the session high at $505.74 which is resistance. At current price support is at the session low at $489.32, the opening price of the day. Goldman earlier upgraded the shares to a Buy, with a $584 price target.
10:04 EDTISRGOn The Fly: Analyst Upgrade Summary
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05:22 EDTISRGIntuitive Surgical upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded Intuitive Surgical (ISRG) to Buy citing an improving hospital spending environment and long-term uptake of surgery procedures in the U.S. The firm raised its price target for shares to $584 from $466. Shares of the robotic surgery maker closed Friday at $475.21.

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