Analysts Set Intuitive Surgical, Inc. (NASDAQ:ISRG) Price Target at $508.68

Intuitive Surgical, Inc. (NASDAQ:ISRG) has received an average rating of “Moderate Buy” from the thirty-one brokerages that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and twenty-two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $508.6830.

Several research analysts have commented on the stock. BMO Capital Markets restated an “outperform” rating on shares of Intuitive Surgical in a report on Monday, July 20th. KeyCorp reaffirmed an “overweight” rating on shares of Intuitive Surgical in a research report on Wednesday, August 12th. Oppenheimer upgraded shares of Intuitive Surgical from a “market perform” rating to an “outperform” rating and set a $500.00 price target for the company in a research note on Wednesday, August 12th. Bank of America dropped their price objective on shares of Intuitive Surgical from $520.00 to $515.00 in a research note on Friday, June 12th. Finally, HSBC downgraded shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $391.00 target price for the company. in a research note on Thursday, July 30th.

Insider Activity at Intuitive Surgical

In other news, EVP Mark Brosius sold 77 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $375.57, for a total transaction of $28,918.89. Following the completion of the transaction, the executive vice president directly owned 881 shares in the company, valued at $330,877.17. This trade represents a 8.04% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Gary S. Guthart sold 10,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $400.00, for a total value of $4,000,000.00. Following the completion of the transaction, the director directly owned 1,245,679 shares of the company’s stock, valued at approximately $498,271,600. This represents a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 17,283 shares of company stock worth $7,015,429 over the last quarter. 0.60% of the stock is currently owned by company insiders.

Institutional Trading of Intuitive Surgical

Institutional investors and hedge funds have recently bought and sold shares of the company. Main Street Group LTD purchased a new stake in shares of Intuitive Surgical during the first quarter valued at approximately $30,000. Compass Financial Management LLC purchased a new stake in Intuitive Surgical during the 2nd quarter valued at $30,000. Laurel Wealth Advisors LLC purchased a new stake in Intuitive Surgical during the 4th quarter valued at $31,000. Vermillion Wealth Management Inc. increased its holdings in shares of Intuitive Surgical by 58.1% in the 1st quarter. Vermillion Wealth Management Inc. now owns 68 shares of the medical equipment provider’s stock worth $31,000 after purchasing an additional 25 shares in the last quarter. Finally, Turning Point Benefit Group Inc. increased its holdings in shares of Intuitive Surgical by 833.3% in the 4th quarter. Turning Point Benefit Group Inc. now owns 56 shares of the medical equipment provider’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. 83.64% of the stock is currently owned by institutional investors.

Intuitive Surgical Stock Down 0.9%

NASDAQ:ISRG opened at $367.07 on Tuesday. The firm has a market capitalization of $129.68 billion, a P/E ratio of 42.05, a P/E/G ratio of 2.68 and a beta of 1.46. The company has a fifty day moving average of $385.28 and a 200 day moving average of $433.18. Intuitive Surgical has a 52 week low of $328.57 and a 52 week high of $603.88.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, July 16th. The medical equipment provider reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.48 by $0.32. Intuitive Surgical had a net margin of 28.45% and a return on equity of 16.91%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the business posted $1.81 earnings per share. Intuitive Surgical’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, analysts anticipate that Intuitive Surgical will post 8.87 EPS for the current year.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.