Stifel Nicolaus Raises Intuitive Surgical (NASDAQ:ISRG) Price Target to $525.00

Intuitive Surgical (NASDAQ:ISRG) had its price objective hoisted by Stifel Nicolaus from $475.00 to $525.00 in a research report report published on Friday morning, Marketbeat.com reports. They currently have a buy rating on the medical equipment provider’s stock.

A number of other research analysts have also weighed in on the company. BTIG Research upped their price objective on Intuitive Surgical from $494.00 to $518.00 and gave the stock a “buy” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upped their price objective on Intuitive Surgical from $495.00 to $575.00 and gave the stock an “overweight” rating in a report on Friday, October 11th. Robert W. Baird upped their price objective on Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Truist Financial upped their price objective on Intuitive Surgical from $520.00 to $570.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $538.00 price objective (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $513.74.

Intuitive Surgical Trading Down 0.4 %

NASDAQ:ISRG opened at $518.86 on Friday. The stock’s 50 day simple moving average is $484.91 and its 200-day simple moving average is $439.55. Intuitive Surgical has a 12-month low of $254.85 and a 12-month high of $523.34. The firm has a market cap of $184.04 billion, a P/E ratio of 93.66, a PEG ratio of 5.40 and a beta of 1.39.

Insider Activity

In other news, EVP Robert Desantis sold 188 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $482.21, for a total value of $90,655.48. Following the sale, the executive vice president now directly owns 5,506 shares in the company, valued at $2,655,048.26. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Robert Desantis sold 188 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $482.21, for a total transaction of $90,655.48. Following the transaction, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,655,048.26. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Amal M. Johnson sold 2,943 shares of the stock in a transaction dated 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 transaction, the director now owns 12,275 shares in the company, valued at $5,441,507.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 48,902 shares of company stock worth $23,596,360 over the last three months. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Surgical

Several large investors have recently added to or reduced their stakes in ISRG. Capital Research Global Investors purchased a new position in Intuitive Surgical during the first quarter worth about $374,390,000. Vanguard Group Inc. increased its stake in Intuitive Surgical by 1.6% during the first quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock worth $12,319,358,000 after acquiring an additional 493,126 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in Intuitive Surgical by 51.2% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 893,341 shares of the medical equipment provider’s stock worth $356,524,000 after acquiring an additional 302,382 shares during the last quarter. Strategic Financial Concepts LLC increased its stake in Intuitive Surgical by 40,221.4% during the second quarter. Strategic Financial Concepts LLC now owns 266,121 shares of the medical equipment provider’s stock worth $1,184,000 after acquiring an additional 265,461 shares during the last quarter. Finally, GQG Partners LLC acquired a new stake in Intuitive Surgical during the first quarter worth about $99,523,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.