Intuitive Surgical (NASDAQ:ISRG) Cut to "Sell" at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft cut shares of Intuitive Surgical (NASDAQ:ISRG - Free Report) from a hold rating to a sell rating in a research report sent to investors on Monday morning, MarketBeat reports. The brokerage currently has $440.00 target price on the medical equipment provider's stock, down from their prior target price of $515.00.

Several other research firms also recently issued reports on ISRG. Citigroup reaffirmed a "buy" rating and set a $650.00 price objective (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Evercore ISI cut their target price on shares of Intuitive Surgical from $510.00 to $470.00 and set an "in-line" rating for the company in a research report on Wednesday, April 23rd. Erste Group Bank raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Thursday, June 5th. Royal Bank of Canada dropped their price objective on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 23rd. Finally, Robert W. Baird cut their price objective on Intuitive Surgical from $600.00 to $575.00 and set an "outperform" rating for the company in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Intuitive Surgical presently has an average rating of "Moderate Buy" and a consensus price target of $588.95.

Intuitive Surgical Stock Performance

Shares of ISRG traded down $9.41 during trading hours on Monday, hitting $513.00. 2,390,381 shares of the company were exchanged, compared to its average volume of 1,667,065. The company has a market cap of $183.87 billion, a PE ratio of 80.03, a PEG ratio of 5.85 and a beta of 1.67. The firm's 50 day moving average is $524.49 and its 200-day moving average is $538.83. Intuitive Surgical has a 52 week low of $413.82 and a 52 week high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. The firm had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same period in the previous year, the company earned $1.50 EPS. As a group, equities analysts forecast that Intuitive Surgical will post 6.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Robert Desantis sold 188 shares of the firm's stock in a transaction that occurred on Monday, April 28th. The stock was sold at an average price of $515.91, for a total transaction of $96,991.08. Following the completion of the transaction, the executive vice president now owns 5,224 shares in the company, valued at $2,695,113.84. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gary Loeb sold 1,700 shares of the business's stock in a transaction on Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the completion of the sale, the executive vice president now directly owns 2,245 shares in the company, valued at approximately $1,152,089.10. This represents a 43.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,998 shares of company stock valued at $2,611,577 in the last 90 days. 0.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock valued at $1,916,000 after buying an additional 731 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth approximately $6,509,000. Kingsview Wealth Management LLC raised its stake in shares of Intuitive Surgical by 2.2% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,354 shares of the medical equipment provider's stock valued at $2,273,000 after acquiring an additional 94 shares during the last quarter. Stephens Inc. AR boosted its holdings in shares of Intuitive Surgical by 8.9% in the 4th quarter. Stephens Inc. AR now owns 8,943 shares of the medical equipment provider's stock worth $4,668,000 after acquiring an additional 732 shares in the last quarter. Finally, Bank of Stockton grew its position in Intuitive Surgical by 13.5% during the 4th quarter. Bank of Stockton now owns 1,161 shares of the medical equipment provider's stock worth $606,000 after acquiring an additional 138 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.