Intuitive Surgical, Inc. (NASDAQ:ISRG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRGGet Free Report) have earned an average recommendation of “Moderate Buy” from the nineteen research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $410.32.

Several brokerages have recently weighed in on ISRG. Stifel Nicolaus raised their target price on Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. BTIG Research lifted their price target on Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. Citigroup lifted their price target on Intuitive Surgical from $462.00 to $512.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group initiated coverage on Intuitive Surgical in a research report on Thursday, May 30th. They set a “buy” rating and a $500.00 price target on the stock. Finally, Jefferies Financial Group lifted their price target on Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a research report on Friday, April 19th.

Read Our Latest Stock Report on ISRG

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $444.74 on Thursday. Intuitive Surgical has a fifty-two week low of $254.85 and a fifty-two week high of $448.10. The firm has a market capitalization of $157.75 billion, a PE ratio of 80.28, a price-to-earnings-growth ratio of 5.74 and a beta of 1.39. The stock’s 50-day simple moving average is $414.51 and its 200-day simple moving average is $389.28.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last issued its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company earned $1.00 EPS. The business’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Intuitive Surgical will post 4.8 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In related news, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $369.92, for a total value of $554,140.16. Following the sale, the executive vice president now directly owns 5,507 shares in the company, valued at $2,037,149.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Intuitive Surgical news, EVP Myriam Curet sold 5,318 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total transaction of $1,971,169.88. Following the sale, the executive vice president now directly owns 298 shares in the company, valued at $110,456.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Robert Desantis sold 1,498 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $369.92, for a total value of $554,140.16. Following the completion of the transaction, the executive vice president now directly owns 5,507 shares of the company’s stock, valued at $2,037,149.44. The disclosure for this sale can be found here. Insiders have sold a total of 17,956 shares of company stock worth $6,927,011 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Surgical

A number of institutional investors have recently made changes to their positions in ISRG. Norges Bank acquired a new position in shares of Intuitive Surgical in the fourth quarter worth $1,313,238,000. WCM Investment Management LLC acquired a new position in Intuitive Surgical in the fourth quarter valued at $575,536,000. Capital Research Global Investors acquired a new position in Intuitive Surgical in the first quarter valued at $374,390,000. International Assets Investment Management LLC increased its stake in Intuitive Surgical by 32,360.5% in the fourth quarter. International Assets Investment Management LLC now owns 686,865 shares of the medical equipment provider’s stock valued at $231,721,000 after purchasing an additional 684,749 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Intuitive Surgical by 111.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,285,565 shares of the medical equipment provider’s stock valued at $513,056,000 after purchasing an additional 678,375 shares during the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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