Intuitive Surgical, Inc. (NASDAQ:ISRG) Given Average Rating of "Moderate Buy" by Analysts

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twenty analysts that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $598.95.

ISRG has been the subject of a number of research reports. UBS Group upped their price objective on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a "neutral" rating in a research note on Monday, January 27th. Erste Group Bank lowered shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 17th. Leerink Partners lifted their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. Piper Sandler decreased their price objective on Intuitive Surgical from $670.00 to $575.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Finally, Evercore ISI reduced their target price on Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating on the stock in a research report on Wednesday, April 23rd.

Insider Buying and Selling

In other news, Director Jami K. Nachtsheim sold 2,400 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the sale, the director now owns 6,371 shares of the company's stock, valued at $3,312,920. This trade represents a 27.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian Edward Miller sold 8,900 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $485.07, for a total transaction of $4,317,123.00. Following the completion of the transaction, the executive vice president now owns 5,758 shares of the company's stock, valued at approximately $2,793,033.06. This represents a 60.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 33,313 shares of company stock valued at $17,229,143 over the last ninety days. Company insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Intuitive Surgical

Several institutional investors and hedge funds have recently modified their holdings of ISRG. Norges Bank acquired a new stake in Intuitive Surgical in the 4th quarter valued at $2,401,493,000. GAMMA Investing LLC lifted its holdings in Intuitive Surgical by 54,010.7% during the first quarter. GAMMA Investing LLC now owns 3,028,576 shares of the medical equipment provider's stock valued at $14,999,630,000 after purchasing an additional 3,022,979 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in Intuitive Surgical by 89,098.8% during the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock valued at $495,845,000 after purchasing an additional 948,902 shares in the last quarter. Capital Research Global Investors grew its position in shares of Intuitive Surgical by 25.5% in the fourth quarter. Capital Research Global Investors now owns 3,381,302 shares of the medical equipment provider's stock valued at $1,764,904,000 after purchasing an additional 687,906 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Intuitive Surgical during the fourth quarter worth about $313,769,000. Hedge funds and other institutional investors own 83.64% of the company's stock.

Intuitive Surgical Stock Down 0.3 %

Shares of Intuitive Surgical stock opened at $530.46 on Wednesday. The stock's fifty day moving average is $502.67 and its two-hundred day moving average is $534.43. Intuitive Surgical has a 52 week low of $379.67 and a 52 week high of $616.00. The company has a market capitalization of $190.13 billion, a PE ratio of 82.76, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating analysts' consensus estimates of $1.71 by $0.10. The company had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts anticipate that Intuitive Surgical will post 6.43 earnings per share for the current year.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.

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