Intuitive Surgical (NASDAQ:ISRG) Upgraded at Erste Group Bank

Erste Group Bank upgraded shares of Intuitive Surgical (NASDAQ:ISRG) from a hold rating to a buy rating in a research note released on Thursday morning, Marketbeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Truist Financial dropped their price objective on shares of Intuitive Surgical from $605.00 to $590.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. Evercore ISI dropped their price objective on shares of Intuitive Surgical from $510.00 to $470.00 and set an “in-line” rating on the stock in a report on Wednesday, April 23rd. Barclays dropped their price objective on shares of Intuitive Surgical from $684.00 to $635.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Robert W. Baird lowered their target price on shares of Intuitive Surgical from $600.00 to $575.00 and set an “outperform” rating on the stock in a report on Wednesday, April 23rd. Finally, Piper Sandler lowered their target price on shares of Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Four investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $596.05.

Intuitive Surgical Trading Down 0.2%

Shares of ISRG opened at $557.08 on Thursday. The stock has a market capitalization of $199.67 billion, a P/E ratio of 86.91, a price-to-earnings-growth ratio of 5.85 and a beta of 1.67. The firm’s fifty day simple moving average is $521.99 and its two-hundred day simple moving average is $539.24. Intuitive Surgical has a 12 month low of $413.52 and a 12 month high of $616.00.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 27.81% and a return on equity of 14.55%. The firm had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter in the prior year, the business earned $1.50 earnings per share. As a group, research analysts predict that Intuitive Surgical will post 6.43 EPS for the current fiscal year.

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 8,900 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $485.07, for a total value of $4,317,123.00. Following the sale, the executive vice president now directly owns 5,758 shares in the company, valued at $2,793,033.06. The trade was a 60.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gary Loeb sold 1,700 shares of the business’s stock in a transaction on Friday, April 25th. The shares were sold at an average price of $513.18, for a total value of $872,406.00. Following the completion of the sale, the executive vice president now owns 2,245 shares in the company, valued at approximately $1,152,089.10. The trade was a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,443 shares of company stock worth $12,692,195 over the last ninety days. 0.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Intuitive Surgical

Several hedge funds have recently made changes to their positions in the stock. Nicola Wealth Management LTD. grew its position in shares of Intuitive Surgical by 100.0% in the first quarter. Nicola Wealth Management LTD. now owns 22,000 shares of the medical equipment provider’s stock valued at $10,896,000 after purchasing an additional 11,000 shares in the last quarter. Cim LLC grew its position in shares of Intuitive Surgical by 30.5% in the first quarter. Cim LLC now owns 39,911 shares of the medical equipment provider’s stock valued at $19,767,000 after purchasing an additional 9,334 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Intuitive Surgical by 49.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the medical equipment provider’s stock valued at $41,000 after purchasing an additional 27 shares in the last quarter. Invst LLC purchased a new position in shares of Intuitive Surgical in the first quarter valued at $888,000. Finally, Modern Wealth Management LLC grew its position in shares of Intuitive Surgical by 4.5% in the first quarter. Modern Wealth Management LLC now owns 1,014 shares of the medical equipment provider’s stock valued at $502,000 after purchasing an additional 44 shares in the last quarter. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Company Profile

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.