Intuitive Surgical, Inc. (NASDAQ:ISRG) Receives $513.74 Average Target Price from Analysts

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) have been given a consensus recommendation of “Moderate Buy” by the nineteen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $513.74.

Several research analysts have weighed in on ISRG shares. Leerink Partners upped their target price on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. JPMorgan Chase & Co. upped their target price on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a research report on Friday, October 11th. Royal Bank of Canada upped their target price on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Truist Financial upped their target price on Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, Raymond James upped their price target on Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $512.58 on Friday. Intuitive Surgical has a fifty-two week low of $254.85 and a fifty-two week high of $523.34. The stock’s 50-day moving average is $486.71 and its two-hundred day moving average is $440.96. The firm has a market cap of $181.81 billion, a P/E ratio of 92.52, a PEG ratio of 5.40 and a beta of 1.39.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 376 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $446.60, for a total transaction of $167,921.60. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at $2,458,979.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Intuitive Surgical news, Director Amal M. Johnson sold 2,943 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $443.30, for a total value of $1,304,631.90. Following the completion of the sale, the director now owns 12,275 shares in the company, valued at approximately $5,441,507.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $446.60, for a total value of $167,921.60. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,458,979.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,455 shares of company stock worth $24,911,155 in the last 90 days. 0.90% of the stock is owned by company insiders.

Institutional Trading of Intuitive Surgical

A number of hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new position in shares of Intuitive Surgical in the 2nd quarter worth approximately $26,000. Godsey & Gibb Inc. raised its holdings in shares of Intuitive Surgical by 140.0% in the 3rd quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider’s stock worth $29,000 after buying an additional 35 shares in the last quarter. Creekmur Asset Management LLC raised its holdings in shares of Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. LGT Financial Advisors LLC raised its holdings in shares of Intuitive Surgical by 415.4% in the 2nd quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider’s stock worth $30,000 after buying an additional 54 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in shares of Intuitive Surgical by 380.0% in the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 57 shares during the period. Institutional investors own 83.64% of the company’s stock.

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.