Intuitive Surgical (NASDAQ:ISRG) Shares Up 0.3% – Here’s Why

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares traded up 0.3% on Tuesday . The stock traded as high as $582.85 and last traded at $580.30. 320,877 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,920,105 shares. The stock had previously closed at $578.55.

Wall Street Analyst Weigh In

ISRG has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $670.00 price objective (up from $538.00) on shares of Intuitive Surgical in a research note on Friday, January 24th. Barclays boosted their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a report on Monday, January 27th. Mizuho boosted their price target on Intuitive Surgical from $440.00 to $500.00 in a research note on Thursday, October 17th. Leerink Partners upped their target price on Intuitive Surgical from $490.00 to $548.00 in a research report on Monday, January 27th. Finally, Wells Fargo & Company boosted their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $613.10.

Intuitive Surgical Stock Performance

The business has a fifty day simple moving average of $551.24 and a 200 day simple moving average of $511.16. The company has a market cap of $205.71 billion, a P/E ratio of 90.08, a P/E/G ratio of 5.51 and a beta of 1.39.

Insider Buying and Selling at Intuitive Surgical

In other news, Director Amal M. Johnson sold 4,635 shares of the business’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the transaction, the director now directly owns 12,275 shares in the company, valued at $6,955,015. The trade was a 27.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Jamie Samath sold 94 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $571.11, for a total transaction of $53,684.34. Following the completion of the sale, the chief financial officer now owns 2,630 shares of the company’s stock, valued at $1,502,019.30. This trade represents a 3.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,843 shares of company stock valued at $15,357,560 in the last ninety days. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Czech National Bank boosted its position in Intuitive Surgical by 6.9% in the 3rd quarter. Czech National Bank now owns 72,257 shares of the medical equipment provider’s stock valued at $35,498,000 after buying an additional 4,665 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Intuitive Surgical by 31.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,090 shares of the medical equipment provider’s stock worth $2,501,000 after purchasing an additional 1,211 shares during the last quarter. Consilio Wealth Advisors LLC acquired a new position in Intuitive Surgical during the third quarter worth approximately $218,000. Miracle Mile Advisors LLC lifted its stake in shares of Intuitive Surgical by 7.7% during the 3rd quarter. Miracle Mile Advisors LLC now owns 1,805 shares of the medical equipment provider’s stock worth $887,000 after buying an additional 129 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in Intuitive Surgical by 7.4% during the 3rd quarter. Fulton Bank N.A. now owns 3,070 shares of the medical equipment provider’s stock worth $1,508,000 after buying an additional 211 shares during the period. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.