Intuitive Surgical (NASDAQ:ISRG) Stock Price Down 0.9% – Time to Sell?

Intuitive Surgical, Inc. (NASDAQ:ISRG)’s stock price fell 0.9% during mid-day trading on Thursday . The stock traded as low as $597.77 and last traded at $603.30. 287,679 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,693,671 shares. The stock had previously closed at $608.48.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Intuitive Surgical from $525.00 to $610.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Erste Group Bank upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Leerink Partners raised their price objective on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. CICC Research started coverage on shares of Intuitive Surgical in a research report on Monday, January 27th. They set a “neutral” rating and a $550.00 target price for the company. Finally, Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $522.00 to $650.00 in a research report on Monday, December 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, Intuitive Surgical presently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Down 2.4 %

The company has a market capitalization of $210.78 billion, a PE ratio of 92.32, a P/E/G ratio of 5.85 and a beta of 1.39. The stock’s fifty day moving average is $565.45 and its two-hundred day moving average is $524.52.

Insiders Place Their Bets

In other news, CFO Jamie Samath sold 94 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the transaction, the chief financial officer now directly owns 2,630 shares of the company’s stock, valued at $1,502,019.30. This represents a 3.45 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Robert Desantis sold 376 shares of Intuitive Surgical stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,967,734. This trade represents a 6.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 6,348 shares of company stock valued at $3,587,582. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ISRG. Howard Capital Management Group LLC increased its stake in shares of Intuitive Surgical by 4.5% in the third quarter. Howard Capital Management Group LLC now owns 2,125 shares of the medical equipment provider’s stock worth $1,044,000 after purchasing an additional 92 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in Intuitive Surgical by 8.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 590 shares of the medical equipment provider’s stock valued at $290,000 after acquiring an additional 46 shares during the period. Private Advisor Group LLC raised its holdings in Intuitive Surgical by 6.4% during the 3rd quarter. Private Advisor Group LLC now owns 14,910 shares of the medical equipment provider’s stock valued at $7,325,000 after acquiring an additional 891 shares during the period. McAdam LLC bought a new stake in Intuitive Surgical during the 3rd quarter valued at $225,000. Finally, International Assets Investment Management LLC raised its holdings in Intuitive Surgical by 49,383.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock valued at $535,788,000 after acquiring an additional 1,088,415 shares during the period. Hedge funds and other 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.