Intuitive Surgical (NASDAQ:ISRG) Shares Down 1.4%

Intuitive Surgical, Inc. (NASDAQ:ISRG) was down 1.4% on Friday . The company traded as low as $469.24 and last traded at $470.02. Approximately 238,156 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,510,089 shares. The stock had previously closed at $476.69.

Analysts Set New Price Targets

Several analysts have issued reports on ISRG shares. Morgan Stanley lifted their price target on Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a research note on Monday, July 15th. The Goldman Sachs Group started coverage on Intuitive Surgical in a research report on Thursday, May 30th. They issued a “buy” rating and a $500.00 target price on the stock. Robert W. Baird upped their price target on Intuitive Surgical from $487.00 to $503.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. BTIG Research lifted their price objective on shares of Intuitive Surgical from $469.00 to $494.00 and gave the company a “buy” rating in a report on Wednesday, August 28th. Finally, Redburn Atlantic upgraded shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and increased their target price for the stock from $380.00 to $510.00 in a report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and a consensus price target of $446.45.

Intuitive Surgical Trading Down 1.5 %

The company has a market capitalization of $166.54 billion, a P/E ratio of 84.84, a P/E/G ratio of 5.43 and a beta of 1.39. The company has a 50 day moving average price of $458.20 and a 200 day moving average price of $417.34.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 18th. The medical equipment provider reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.24. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.18 earnings per share. As a group, sell-side analysts forecast that Intuitive Surgical, Inc. will post 5.22 EPS for the current fiscal year.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 239 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $416.60, for a total transaction of $99,567.40. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,293,799.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Robert Desantis sold 239 shares of the business’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $416.60, for a total value of $99,567.40. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,293,799.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Henry L. Charlton sold 40,243 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the transaction, the senior vice president now directly owns 3,001 shares in the company, valued at $1,461,006.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,656 shares of company stock worth $24,700,644. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Intuitive Surgical

A number of large investors have recently added to or reduced their stakes in ISRG. Creekmur Asset Management LLC lifted its position in shares of Intuitive Surgical by 200.0% during the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock valued at $25,000 after acquiring an additional 42 shares during the period. Ridgewood Investments LLC bought a new stake in Intuitive Surgical during the second quarter worth about $26,000. Able Wealth Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth about $28,000. Delos Wealth Advisors LLC increased its holdings in Intuitive Surgical by 380.0% in the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider’s stock valued at $29,000 after buying an additional 57 shares during the period. Finally, LRI Investments LLC acquired a new position in shares of Intuitive Surgical in the 1st quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.64% of the company’s stock.

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.