Wells Fargo & Company Boosts Intuitive Surgical (NASDAQ:ISRG) Price Target to $630.00

Intuitive Surgical (NASDAQ:ISRG) had its price target increased by Wells Fargo & Company from $549.00 to $630.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the medical equipment provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 15.66% from the stock’s current price.

ISRG has been the topic of several other research reports. Evercore ISI reissued a “cautious” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Royal Bank of Canada lifted their price target on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Raymond James upped their price objective on Intuitive Surgical from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Robert W. Baird lifted their target price on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley upgraded shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and a consensus target price of $550.28.

Intuitive Surgical Stock Up 0.2 %

Shares of Intuitive Surgical stock opened at $544.72 on Wednesday. The company has a market cap of $194.02 billion, a PE ratio of 87.40, a price-to-earnings-growth ratio of 5.41 and a beta of 1.38. Intuitive Surgical has a 52 week low of $320.22 and a 52 week high of $556.23. The business has a 50 day moving average price of $519.37 and a 200-day moving average price of $477.06.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.32. The firm had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. As a group, research analysts anticipate that Intuitive Surgical will post 5.45 EPS for the current year.

Insider Activity

In other Intuitive Surgical news, EVP Robert Desantis sold 376 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the completion of the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,967,734. The trade was a 6.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jamie Samath sold 270 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $540.15, for a total transaction of $145,840.50. Following the sale, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,730,093.55. This trade represents a 2.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,190 shares of company stock worth $25,012,927 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ISRG. Great Valley Advisor Group Inc. raised its holdings in shares of Intuitive Surgical by 8.3% during the 2nd quarter. Great Valley Advisor Group Inc. now owns 2,477 shares of the medical equipment provider’s stock valued at $1,102,000 after buying an additional 189 shares in the last quarter. ORG Partners LLC boosted its stake in shares of Intuitive Surgical by 3,411.1% in the 2nd quarter. ORG Partners LLC now owns 316 shares of the medical equipment provider’s stock valued at $138,000 after purchasing an additional 307 shares in the last quarter. Rockingstone Advisors LLC grew its holdings in shares of Intuitive Surgical by 0.5% during the 2nd quarter. Rockingstone Advisors LLC now owns 8,748 shares of the medical equipment provider’s stock valued at $3,892,000 after purchasing an additional 41 shares during the last quarter. Fiduciary Financial Group LLC purchased a new position in Intuitive Surgical in the 2nd quarter worth $394,000. Finally, Valley National Advisers Inc. lifted its stake in Intuitive Surgical by 29.3% in the second quarter. Valley National Advisers Inc. now owns 622 shares of the medical equipment provider’s stock worth $276,000 after purchasing an additional 141 shares during the last quarter. 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.