Brokerages Set Intuitive Surgical, Inc. (NASDAQ:ISRG) Target Price at $617.23

Intuitive Surgical, Inc. (NASDAQ:ISRG) has earned an average recommendation of “Moderate Buy” from the twenty-five research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, fifteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $617.2273.

A number of analysts have recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of Intuitive Surgical from $740.00 to $750.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Mizuho set a $575.00 price objective on shares of Intuitive Surgical in a report on Wednesday, October 22nd. Jefferies Financial Group boosted their target price on shares of Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Argus reduced their price target on shares of Intuitive Surgical from $630.00 to $560.00 and set a “buy” rating on the stock in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada lifted their price target on Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 17th.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Myriam Curet sold 230 shares of Intuitive Surgical stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $532.61, for a total value of $122,500.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Craig H. Barratt sold 750 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $580.00, for a total transaction of $435,000.00. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 70,011 shares of company stock worth $38,858,275. 0.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Brighton Jones LLC grew its holdings in shares of Intuitive Surgical by 24.9% during the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider’s stock valued at $1,916,000 after purchasing an additional 731 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Intuitive Surgical by 3.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 928 shares of the medical equipment provider’s stock valued at $504,000 after purchasing an additional 34 shares during the period. BankPlus Trust Department boosted its position in Intuitive Surgical by 131.8% during the 2nd quarter. BankPlus Trust Department now owns 153 shares of the medical equipment provider’s stock valued at $83,000 after purchasing an additional 87 shares during the period. Venturi Wealth Management LLC grew its stake in Intuitive Surgical by 4.6% during the 2nd quarter. Venturi Wealth Management LLC now owns 1,795 shares of the medical equipment provider’s stock worth $975,000 after buying an additional 79 shares during the last quarter. Finally, Sax Wealth Advisors LLC increased its position in Intuitive Surgical by 218.1% in the second quarter. Sax Wealth Advisors LLC now owns 2,456 shares of the medical equipment provider’s stock worth $1,334,000 after buying an additional 1,684 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

Intuitive Surgical Stock Performance

Shares of NASDAQ ISRG opened at $488.15 on Friday. Intuitive Surgical has a 1 year low of $425.00 and a 1 year high of $609.08. The stock’s 50-day simple moving average is $549.63 and its 200-day simple moving average is $510.60. The firm has a market cap of $173.36 billion, a price-to-earnings ratio of 61.87, a PEG ratio of 3.79 and a beta of 1.65.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.26. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. During the same quarter last year, the firm earned $2.21 EPS. Intuitive Surgical’s quarterly revenue was up 18.8% on a year-over-year basis. As a group, research analysts predict that Intuitive Surgical will post 6.43 EPS for the current year.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.