Intuitive Surgical (NASDAQ:ISRG) Given Buy Rating at BTIG Research

BTIG Research reissued their buy rating on shares of Intuitive Surgical (NASDAQ:ISRGFree Report) in a report released on Wednesday morning,Benzinga reports. They currently have a $574.00 price objective on the medical equipment provider’s stock.

Other analysts also recently issued reports about the stock. Robert W. Baird reduced their target price on shares of Intuitive Surgical from $645.00 to $575.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 15th. Barclays set a $712.00 target price on shares of Intuitive Surgical and gave the stock an “overweight” rating in a research report on Monday, January 26th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Intuitive Surgical in a research report on Monday, December 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $620.00 target price (up from $610.00) on shares of Intuitive Surgical in a research report on Friday, January 23rd. Finally, Evercore reduced their target price on shares of Intuitive Surgical from $550.00 to $480.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Eighteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $586.70.

Check Out Our Latest Stock Analysis on Intuitive Surgical

Intuitive Surgical Trading Up 7.2%

Shares of Intuitive Surgical stock opened at $483.62 on Wednesday. The company’s fifty day simple moving average is $477.54 and its two-hundred day simple moving average is $515.41. The company has a market cap of $171.75 billion, a P/E ratio of 58.62, a PEG ratio of 3.52 and a beta of 1.68. Intuitive Surgical has a 12-month low of $427.84 and a 12-month high of $603.88.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last issued its quarterly earnings data on Tuesday, April 21st. The medical equipment provider reported $2.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.42. The business had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.62 billion. Intuitive Surgical had a net margin of 28.15% and a return on equity of 15.96%. The company’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.81 EPS. Analysts predict that Intuitive Surgical will post 8.16 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 421 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $494.96, for a total value of $208,378.16. Following the transaction, the executive vice president owned 409 shares in the company, valued at $202,438.64. The trade was a 50.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Patricia L. Wadors sold 220 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $499.71, for a total transaction of $109,936.20. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,943 shares of company stock worth $17,279,568 over the last quarter. 0.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Intuitive Surgical

A number of hedge funds have recently bought and sold shares of the company. Continuum Advisory LLC boosted its stake in Intuitive Surgical by 2.7% in the 1st quarter. Continuum Advisory LLC now owns 2,507 shares of the medical equipment provider’s stock worth $1,156,000 after purchasing an additional 65 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Intuitive Surgical by 7.8% in the 1st quarter. Apollon Wealth Management LLC now owns 11,997 shares of the medical equipment provider’s stock worth $5,531,000 after purchasing an additional 864 shares in the last quarter. Patton Fund Management Inc. bought a new position in Intuitive Surgical in the 1st quarter worth about $252,000. Princeton Global Asset Management LLC lifted its stake in Intuitive Surgical by 723.5% during the 1st quarter. Princeton Global Asset Management LLC now owns 560 shares of the medical equipment provider’s stock valued at $258,000 after acquiring an additional 492 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in Intuitive Surgical by 105.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 5,842 shares of the medical equipment provider’s stock valued at $2,693,000 after acquiring an additional 2,999 shares during the period. Institutional investors own 83.64% of the company’s stock.

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Intuitive Surgical Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Intuitive Surgical (NASDAQ:ISRG)

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