Intuitive Surgical (NASDAQ:ISRG) PT Raised to $525.00

Intuitive Surgical (NASDAQ:ISRG) had its target price lifted by Stifel Nicolaus from $475.00 to $525.00 in a research note published on Friday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the medical equipment provider’s stock.

Several other equities analysts also recently weighed in on the company. Mizuho lifted their target price on Intuitive Surgical from $440.00 to $500.00 in a research report on Thursday, October 17th. Evercore ISI lifted their target price on Intuitive Surgical from $410.00 to $475.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Morgan Stanley lifted their target price on Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a research report on Monday, July 15th. Royal Bank of Canada lifted their target price on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Robert W. Baird lifted their price objective on Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $513.74.

Intuitive Surgical Price Performance

NASDAQ ISRG opened at $518.86 on Friday. The company has a market cap of $184.04 billion, a P/E ratio of 93.66, a P/E/G ratio of 5.40 and a beta of 1.39. The stock has a 50-day moving average of $484.91 and a two-hundred day moving average of $439.55. Intuitive Surgical has a 1-year low of $254.85 and a 1-year high of $523.34.

Insider Buying and Selling

In related news, insider Mark Brosius sold 2,115 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $491.91, for a total transaction of $1,040,389.65. Following the completion of the sale, the insider now owns 295 shares in the company, valued at $145,113.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Intuitive Surgical news, insider Mark Brosius sold 2,115 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $491.91, for a total transaction of $1,040,389.65. Following the transaction, the insider now owns 295 shares of the company’s stock, valued at $145,113.45. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Amal M. Johnson sold 2,943 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $443.30, for a total value of $1,304,631.90. Following the transaction, the director now directly owns 12,275 shares in the company, valued at approximately $5,441,507.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,902 shares of company stock worth $23,596,360 over the last 90 days. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its holdings in shares of Intuitive Surgical by 34.4% in the first quarter. NBC Securities Inc. now owns 121 shares of the medical equipment provider’s stock valued at $48,000 after purchasing an additional 31 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in shares of Intuitive Surgical by 7.8% in the first quarter. Massmutual Trust Co. FSB ADV now owns 930 shares of the medical equipment provider’s stock valued at $371,000 after purchasing an additional 67 shares during the period. Signal Advisors Wealth LLC acquired a new position in shares of Intuitive Surgical in the first quarter valued at approximately $203,000. &PARTNERS acquired a new position in shares of Intuitive Surgical in the first quarter valued at approximately $293,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Intuitive Surgical by 9.7% in the first quarter. International Assets Investment Management LLC now owns 2,234 shares of the medical equipment provider’s stock valued at $882,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.