Intuitive Surgical (NASDAQ:ISRG) Hits New 12-Month High – What’s Next?

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $525.00 and last traded at $519.55, with a volume of 18155 shares changing hands. The stock had previously closed at $515.17.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ISRG shares. Raymond James increased their target price on shares of Intuitive Surgical from $500.00 to $540.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. BTIG Research set a $535.00 price objective on Intuitive Surgical in a report on Friday, October 18th. Robert W. Baird boosted their target price on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley increased their price target on Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a report on Monday, July 15th. Finally, Citigroup boosted their price objective on shares of Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $513.74.

Intuitive Surgical Stock Performance

The firm has a market capitalization of $186.74 billion, a price-to-earnings ratio of 84.29, a price-to-earnings-growth ratio of 4.99 and a beta of 1.39. The firm’s 50-day moving average price is $492.30 and its two-hundred day moving average price is $450.05.

Insider Buying and Selling at Intuitive Surgical

In other news, SVP Henry L. Charlton sold 40,243 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total value of $19,591,902.12. Following the completion of the transaction, the senior vice president now directly owns 3,001 shares of the company’s stock, valued at approximately $1,461,006.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Henry L. Charlton sold 40,243 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $486.84, for a total value of $19,591,902.12. Following the sale, the senior vice president now owns 3,001 shares of the company’s stock, valued at approximately $1,461,006.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Mark Brosius sold 2,128 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,095,920.00. Following the transaction, the senior vice president now directly owns 273 shares of the company’s stock, valued at $140,595. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,246 shares of company stock valued at $33,839,308. 0.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Surgical

Large investors have recently bought and sold shares of the business. Norden Group LLC lifted its stake in Intuitive Surgical by 32.4% in the first quarter. Norden Group LLC now owns 957 shares of the medical equipment provider’s stock valued at $382,000 after buying an additional 234 shares in the last quarter. Csenge Advisory Group raised its stake in Intuitive Surgical by 16.4% in the 1st quarter. Csenge Advisory Group now owns 1,229 shares of the medical equipment provider’s stock valued at $490,000 after acquiring an additional 173 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Intuitive Surgical by 16.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 42,804 shares of the medical equipment provider’s stock valued at $17,083,000 after purchasing an additional 5,941 shares during the last quarter. Empowered Funds LLC grew its stake in Intuitive Surgical by 5.3% in the 1st quarter. Empowered Funds LLC now owns 7,093 shares of the medical equipment provider’s stock valued at $2,831,000 after buying an additional 354 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Intuitive Surgical during the first quarter worth approximately $194,000. 83.64% of the stock is currently owned by institutional investors.

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.