Intuitive Surgical, Inc. (NASDAQ:ISRG) Short Interest Up 5.2% in May

Intuitive Surgical, Inc. (NASDAQ:ISRGGet Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,650,000 shares, an increase of 5.2% from the April 30th total of 3,470,000 shares. Based on an average daily volume of 1,410,000 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Several research analysts have commented on ISRG shares. StockNews.com downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. BTIG Research boosted their price target on Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup boosted their price target on Intuitive Surgical from $428.00 to $462.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group initiated coverage on Intuitive Surgical in a report on Thursday. They set a “buy” rating and a $500.00 price target on the stock. Finally, Jefferies Financial Group upped their target price on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a report on Friday, April 19th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $403.67.

Check Out Our Latest Stock Report on ISRG

Insiders Place Their Bets

In other Intuitive Surgical news, VP Fredrik Widman sold 5,041 shares of Intuitive Surgical stock in a transaction on Friday, March 15th. The shares were sold at an average price of $397.07, for a total transaction of $2,001,629.87. Following the completion of the transaction, the vice president now directly owns 110 shares of the company’s stock, valued at $43,677.70. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Fredrik Widman sold 5,041 shares of Intuitive Surgical stock in a transaction on Friday, March 15th. The stock was sold at an average price of $397.07, for a total transaction of $2,001,629.87. Following the completion of the sale, the vice president now owns 110 shares of the company’s stock, valued at $43,677.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Desantis sold 584 shares of Intuitive Surgical stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $404.41, for a total value of $236,175.44. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at approximately $2,226,681.46. The disclosure for this sale can be found here. Insiders sold a total of 38,479 shares of company stock valued at $14,934,991 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Provence Wealth Management Group bought a new position in Intuitive Surgical in the 4th quarter worth about $276,000. Portside Wealth Group LLC raised its holdings in shares of Intuitive Surgical by 8.2% in the 4th quarter. Portside Wealth Group LLC now owns 816 shares of the medical equipment provider’s stock valued at $275,000 after acquiring an additional 62 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Intuitive Surgical by 58.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,315 shares of the medical equipment provider’s stock valued at $2,805,000 after acquiring an additional 3,054 shares in the last quarter. HCR Wealth Advisors raised its holdings in shares of Intuitive Surgical by 26.3% in the 4th quarter. HCR Wealth Advisors now owns 1,042 shares of the medical equipment provider’s stock valued at $352,000 after acquiring an additional 217 shares in the last quarter. Finally, Kades & Cheifetz LLC purchased a new stake in shares of Intuitive Surgical in the 4th quarter valued at about $230,000. Institutional investors own 83.64% of the company’s stock.

Intuitive Surgical Stock Down 0.3 %

Shares of NASDAQ:ISRG opened at $402.12 on Monday. Intuitive Surgical has a twelve month low of $254.85 and a twelve month high of $412.29. The stock’s 50 day moving average is $387.46 and its 200-day moving average is $367.42. The firm has a market capitalization of $142.63 billion, a price-to-earnings ratio of 72.58, a PEG ratio of 5.19 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. Intuitive Surgical’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Equities research analysts anticipate that Intuitive Surgical will post 4.8 earnings per share for the current fiscal year.

About Intuitive Surgical

(Get Free Report)

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.

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