Intuitive Surgical (NASDAQ:ISRG) Trading Up 1.4% – Here’s Why

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) rose 1.4% during mid-day trading on Wednesday . The company traded as high as $592.54 and last traded at $587.96. Approximately 424,673 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 1,904,234 shares. The stock had previously closed at $579.65.

Analyst Ratings Changes

ISRG has been the topic of several recent analyst reports. Raymond James lifted their target price on Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. Robert W. Baird upped their price objective on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. UBS Group upped their price target on shares of Intuitive Surgical from $500.00 to $560.00 and gave the stock a “neutral” rating in a research note on Monday, January 27th. Finally, Evercore ISI raised their price objective on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Trading Down 0.9 %

The stock has a market capitalization of $207.65 billion, a price-to-earnings ratio of 90.95, a PEG ratio of 5.51 and a beta of 1.39. The stock has a fifty day moving average of $554.03 and a two-hundred day moving average of $513.12.

Insider Activity

In other news, insider Jamie Samath sold 269 shares of Intuitive Surgical stock in a transaction on Monday, November 11th. The stock was sold at an average price of $539.89, for a total value of $145,230.41. Following the completion of the sale, the insider now directly owns 8,757 shares of the company’s stock, valued at approximately $4,727,816.73. This trade represents a 2.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total value of $2,626,191.00. Following the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. This trade represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,940 shares of company stock worth $3,333,485. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Intuitive Surgical

Institutional investors and hedge funds have recently modified their holdings of the business. Atomi Financial Group Inc. raised its position in shares of Intuitive Surgical by 15.0% during the 3rd quarter. Atomi Financial Group Inc. now owns 1,363 shares of the medical equipment provider’s stock valued at $669,000 after acquiring an additional 178 shares during the last quarter. Brookstone Capital Management lifted its stake in Intuitive Surgical by 15.2% in the third quarter. Brookstone Capital Management now owns 14,439 shares of the medical equipment provider’s stock valued at $7,093,000 after buying an additional 1,909 shares during the period. Daymark Wealth Partners LLC boosted its holdings in Intuitive Surgical by 0.3% during the third quarter. Daymark Wealth Partners LLC now owns 7,027 shares of the medical equipment provider’s stock worth $3,452,000 after buying an additional 24 shares during the last quarter. CWM LLC grew its position in shares of Intuitive Surgical by 5.3% during the 3rd quarter. CWM LLC now owns 43,152 shares of the medical equipment provider’s stock worth $21,199,000 after buying an additional 2,162 shares during the period. Finally, Marcum Wealth LLC increased its stake in shares of Intuitive Surgical by 1.1% in the 3rd quarter. Marcum Wealth LLC now owns 2,689 shares of the medical equipment provider’s stock valued at $1,321,000 after acquiring an additional 29 shares during the last quarter. 83.64% of the stock is owned by institutional investors.

About Intuitive Surgical

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.