Intuitive Surgical's (ISRG) "Hold (C+)" Rating Reiterated at Weiss Ratings

Intuitive Surgical (NASDAQ:ISRG - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other analysts have also issued research reports about the stock. BTIG Research reaffirmed a "buy" rating and set a $571.00 price target on shares of Intuitive Surgical in a research report on Wednesday, October 1st. Piper Sandler reaffirmed an "overweight" rating and set a $595.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Erste Group Bank reaffirmed a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Truist Financial lifted their price target on shares of Intuitive Surgical from $590.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Finally, Zacks Research lowered shares of Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $589.43.

Intuitive Surgical Price Performance

ISRG opened at $448.09 on Wednesday. The company's 50 day simple moving average is $460.50 and its two-hundred day simple moving average is $499.05. Intuitive Surgical has a 1-year low of $425.00 and a 1-year high of $616.00. The firm has a market capitalization of $160.63 billion, a price-to-earnings ratio of 62.50, a price-to-earnings-growth ratio of 4.64 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, beating the consensus estimate of $1.93 by $0.26. The firm had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.78 EPS. On average, equities analysts anticipate that Intuitive Surgical will post 6.43 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, insider Gary S. Guthart sold 29,360 shares of the business's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $472.49, for a total value of $13,872,306.40. Following the completion of the transaction, the insider owned 19,827 shares in the company, valued at $9,368,059.23. The trade was a 59.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Amy L. Ladd sold 335 shares of the business's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total transaction of $147,631.15. Following the completion of the transaction, the director owned 739 shares of the company's stock, valued at approximately $325,669.91. This trade represents a 31.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 45,224 shares of company stock worth $21,716,492. Insiders own 0.70% of the company's stock.

Hedge Funds Weigh In On Intuitive Surgical

Several institutional investors have recently modified their holdings of the business. FCG Investment Co grew its stake in shares of Intuitive Surgical by 16.7% in the third quarter. FCG Investment Co now owns 2,657 shares of the medical equipment provider's stock worth $1,188,000 after acquiring an additional 381 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its stake in shares of Intuitive Surgical by 601.5% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 3,248 shares of the medical equipment provider's stock worth $1,453,000 after acquiring an additional 2,785 shares in the last quarter. YHB Investment Advisors Inc. grew its stake in shares of Intuitive Surgical by 0.3% in the third quarter. YHB Investment Advisors Inc. now owns 22,043 shares of the medical equipment provider's stock worth $9,858,000 after acquiring an additional 62 shares in the last quarter. Rise Advisors LLC grew its stake in shares of Intuitive Surgical by 12.4% in the third quarter. Rise Advisors LLC now owns 398 shares of the medical equipment provider's stock worth $178,000 after acquiring an additional 44 shares in the last quarter. Finally, RDA Financial Network grew its stake in shares of Intuitive Surgical by 5.5% in the third quarter. RDA Financial Network now owns 10,569 shares of the medical equipment provider's stock worth $4,727,000 after acquiring an additional 551 shares in the last quarter. Institutional investors and hedge funds own 83.64% of the company's stock.

Intuitive Surgical Company Profile

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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