Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Rating) has received a consensus recommendation of "Moderate Buy" from the twenty-two analysts that are presently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $276.53.
ISRG has been the subject of a number of recent research reports. Piper Sandler boosted their price objective on Intuitive Surgical from $260.00 to $265.00 and gave the company an "overweight" rating in a research note on Wednesday, October 19th. Barclays boosted their price target on Intuitive Surgical from $235.00 to $298.00 in a report on Wednesday, January 4th. StockNews.com assumed coverage on Intuitive Surgical in a report on Wednesday, October 12th. They issued a "hold" rating on the stock. Morgan Stanley decreased their price objective on Intuitive Surgical from $290.00 to $265.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 25th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Intuitive Surgical from $230.00 to $245.00 in a report on Wednesday, January 25th.
Get Intuitive Surgical alerts:Intuitive Surgical Stock Performance
NASDAQ ISRG opened at $251.19 on Thursday. Intuitive Surgical has a one year low of $180.07 and a one year high of $308.97. The stock has a 50-day moving average of $263.32 and a 200 day moving average of $235.62. The company has a market capitalization of $88.77 billion, a price-to-earnings ratio of 68.63, a PEG ratio of 4.80 and a beta of 1.36.
Intuitive Surgical (NASDAQ:ISRG – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The medical equipment provider reported $1.23 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.02). The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.66 billion. Intuitive Surgical had a return on equity of 11.27% and a net margin of 21.25%. Intuitive Surgical's quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.30 earnings per share. On average, equities analysts predict that Intuitive Surgical will post 4.22 earnings per share for the current fiscal year.Insider Buying and Selling
In other Intuitive Surgical news, EVP Robert Desantis sold 1,629 shares of the firm's stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $250.00, for a total value of $407,250.00. Following the sale, the executive vice president now directly owns 6,769 shares of the company's stock, valued at $1,692,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Amal M. Johnson sold 6,375 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $239.36, for a total transaction of $1,525,920.00. Following the transaction, the director now owns 11,224 shares in the company, valued at $2,686,576.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert Desantis sold 1,629 shares of Intuitive Surgical stock in a transaction that occurred on Friday, January 27th. The stock was sold at an average price of $250.00, for a total value of $407,250.00. Following the transaction, the executive vice president now owns 6,769 shares in the company, valued at approximately $1,692,250. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Intuitive Surgical
A number of institutional investors have recently added to or reduced their stakes in ISRG. Vanguard Group Inc. grew its stake in shares of Intuitive Surgical by 1.0% in the third quarter. Vanguard Group Inc. now owns 29,283,566 shares of the medical equipment provider's stock valued at $5,488,912,000 after buying an additional 282,881 shares in the last quarter. BlackRock Inc. boosted its position in shares of Intuitive Surgical by 5.6% during the 3rd quarter. BlackRock Inc. now owns 27,887,777 shares of the medical equipment provider's stock worth $5,227,284,000 after acquiring an additional 1,477,885 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Intuitive Surgical by 3.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 25,692,735 shares of the medical equipment provider's stock worth $5,156,788,000 after acquiring an additional 816,066 shares in the last quarter. State Street Corp boosted its position in shares of Intuitive Surgical by 0.3% during the 2nd quarter. State Street Corp now owns 15,220,507 shares of the medical equipment provider's stock worth $3,054,908,000 after acquiring an additional 38,293 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in shares of Intuitive Surgical by 1.7% during the 4th quarter. Baillie Gifford & Co. now owns 4,268,859 shares of the medical equipment provider's stock worth $1,132,742,000 after acquiring an additional 69,717 shares in the last quarter. Hedge funds and other institutional investors own 81.96% of the company's stock.
About Intuitive Surgical
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Intuitive Surgical, Inc engages in the development, manufacture, and marketing of da Vinci Surgical Systems, and related instruments and accessories for invasive surgery. Its products include Da Vinci and Ion. The company was founded by Frederic H. Moll, John Gordon Freund, and Robert G. Younge in November 1995 and is headquartered in Sunnyvale, CA.
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