Intuitive Surgical (NASDAQ:ISRG) Hits New 52-Week High – What’s Next?

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares hit a new 52-week high on Wednesday . The company traded as high as $562.00 and last traded at $558.46, with a volume of 163335 shares. The stock had previously closed at $538.88.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ISRG. BTIG Research upped their price objective 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 raised their price objective on Intuitive Surgical from $567.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. Leerink Partners raised their price target on Intuitive Surgical from $489.00 to $502.00 in a research report on Thursday, October 17th. Finally, Royal Bank of Canada boosted their price objective on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $554.17.

Intuitive Surgical Price Performance

The stock’s 50 day simple moving average is $538.34 and its two-hundred day simple moving average is $497.08. The firm has a market cap of $208.04 billion, a P/E ratio of 93.90, a P/E/G ratio of 4.66 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.32. The firm had revenue of $2.04 billion during the quarter, compared to the consensus estimate of $2.01 billion. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current year.

Insider Activity at Intuitive Surgical

In other Intuitive Surgical news, EVP Brian Edward Miller sold 2,553 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the sale, the executive vice president now directly owns 7,066 shares in the company, valued at approximately $3,638,990. The trade was a 26.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark Brosius sold 2,128 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $515.00, for a total value of $1,095,920.00. Following the completion of the transaction, the senior vice president now owns 273 shares in the company, valued at approximately $140,595. This trade represents a 88.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 48,190 shares of company stock valued at $25,012,927. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Surgical

Several institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its holdings in Intuitive Surgical by 10.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 572,934 shares of the medical equipment provider’s stock worth $254,872,000 after purchasing an additional 52,976 shares during the period. Moors & Cabot Inc. lifted its position in shares of Intuitive Surgical by 2.3% during the 2nd quarter. Moors & Cabot Inc. now owns 1,159 shares of the medical equipment provider’s stock valued at $516,000 after buying an additional 26 shares in the last quarter. Wealth Alliance grew its stake in shares of Intuitive Surgical by 2.7% during the 2nd quarter. Wealth Alliance now owns 2,796 shares of the medical equipment provider’s stock valued at $1,244,000 after acquiring an additional 74 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Intuitive Surgical by 11.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 45,393 shares of the medical equipment provider’s stock worth $20,172,000 after acquiring an additional 4,694 shares in the last quarter. Finally, Sienna Gestion lifted its holdings in Intuitive Surgical by 5.3% during the second quarter. Sienna Gestion now owns 17,036 shares of the medical equipment provider’s stock valued at $7,575,000 after purchasing an additional 853 shares in the last quarter. Institutional investors own 83.64% of the company’s stock.

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.