Intuitive Surgical (NASDAQ:ISRG) Trading Up 1.2% – Still a Buy?

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) were up 1.2% on Friday . The stock traded as high as $599.07 and last traded at $598.37. Approximately 347,289 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,724,817 shares. The stock had previously closed at $591.39.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ISRG shares. Truist Financial boosted their target price on shares of Intuitive Surgical from $640.00 to $666.00 and gave the company a “buy” rating in a research note on Friday, January 24th. BTIG Research boosted their target price on shares of Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Citigroup upped their price objective on shares of Intuitive Surgical from $640.00 to $711.00 and gave the company a “buy” rating in a research note on Friday, January 24th. CICC Research initiated coverage on shares of Intuitive Surgical in a research note on Monday, January 27th. They set a “neutral” rating and a $550.00 price objective for the company. Finally, Evercore ISI upped 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 issued a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and a consensus target price of $613.10.

Intuitive Surgical Stock Performance

The stock has a market cap of $212.12 billion, a PE ratio of 92.91, a PEG ratio of 5.67 and a beta of 1.39. The stock has a fifty day simple moving average of $559.48 and a two-hundred day simple moving average of $519.06.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Myriam Curet sold 408 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $589.75, for a total value of $240,618.00. Following the completion of the transaction, the executive vice president now owns 353 shares in the company, valued at $208,181.75. This represents a 53.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 376 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at approximately $2,967,734. This trade represents a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,348 shares of company stock worth $3,587,582 in the last 90 days. 0.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Intuitive Surgical

Several institutional investors and hedge funds have recently made changes to their positions in the business. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Intuitive Surgical by 6.8% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 472 shares of the medical equipment provider’s stock valued at $246,000 after buying an additional 30 shares during the last quarter. Meiji Yasuda Life Insurance Co raised its position in shares of Intuitive Surgical by 2.5% during the 4th quarter. Meiji Yasuda Life Insurance Co now owns 5,846 shares of the medical equipment provider’s stock valued at $3,051,000 after acquiring an additional 145 shares in the last quarter. Wahed Invest LLC raised its position in shares of Intuitive Surgical by 6.1% during the 4th quarter. Wahed Invest LLC now owns 9,042 shares of the medical equipment provider’s stock valued at $4,720,000 after acquiring an additional 523 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Intuitive Surgical by 5.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 55,273 shares of the medical equipment provider’s stock valued at $28,850,000 after acquiring an additional 2,866 shares in the last quarter. Finally, Westbourne Investments Inc. acquired a new stake in shares of Intuitive Surgical during the 4th quarter valued at approximately $2,524,000. 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.