Intuitive Surgical (NASDAQ:ISRG) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday, BidAskClub reports.
Several other brokerages have also commented on ISRG. Oppenheimer initiated coverage on shares of Intuitive Surgical in a report on Wednesday, November 20th. They issued a “market perform” rating for the company. UBS Group raised their target price on Intuitive Surgical from $560.00 to $590.00 and gave the company a “neutral” rating in a research note on Friday, October 18th. Wells Fargo & Co set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a research report on Friday, October 18th. Redburn Partners began coverage on Intuitive Surgical in a research note on Friday, September 13th. They issued a “buy” rating on the stock. Finally, Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $587.62.
NASDAQ:ISRG opened at $582.33 on Tuesday. The company has a 50-day moving average price of $563.13 and a 200-day moving average price of $524.91. Intuitive Surgical has a 12 month low of $430.24 and a 12 month high of $594.16. The stock has a market cap of $68.52 billion, a price-to-earnings ratio of 61.36, a P/E/G ratio of 4.44 and a beta of 1.13.
In related news, EVP Curet Myriam sold 3,000 shares of Intuitive Surgical stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $553.54, for a total value of $1,660,620.00. Following the completion of the sale, the executive vice president now directly owns 3,851 shares in the company, valued at approximately $2,131,682.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lonnie M. Smith sold 205 shares of Intuitive Surgical stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $554.49, for a total value of $113,670.45. Following the completion of the sale, the director now owns 368,952 shares of the company’s stock, valued at $204,580,194.48. The disclosure for this sale can be found here. Insiders have sold 12,726 shares of company stock valued at $7,036,366 in the last three months. 1.70% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Intuitive Surgical during the 3rd quarter valued at $35,000. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its position in Intuitive Surgical by 733.3% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 75 shares of the medical equipment provider’s stock valued at $39,000 after acquiring an additional 66 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Intuitive Surgical in the second quarter valued at about $47,000. North Star Investment Management Corp. bought a new position in Intuitive Surgical in the third quarter valued at about $49,000. Finally, Motco purchased a new position in Intuitive Surgical in the second quarter worth about $51,000. 85.59% of the stock is currently owned by hedge funds and other institutional investors.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
Further Reading: What impact do institutional investors have on markets?
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.