Intuitive Surgical (NASDAQ:ISRG) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of Intuitive Surgical (NASDAQ:ISRG) from a buy rating to a hold rating in a research report report published on Saturday morning.

ISRG has been the topic of a number of other research reports. Truist Financial lowered their price objective on Intuitive Surgical from $600.00 to $525.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Wells Fargo & Company increased their price objective on Intuitive Surgical from $559.00 to $599.00 and gave the company an “overweight” rating in a report on Wednesday, July 23rd. Erste Group Bank reissued a “hold” rating on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Evercore ISI lowered their price objective on Intuitive Surgical from $535.00 to $450.00 and set an “in-line” rating on the stock in a report on Tuesday, October 7th. Finally, BTIG Research lowered their price objective on Intuitive Surgical from $571.00 to $529.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $580.29.

Intuitive Surgical Price Performance

Shares of ISRG stock opened at $458.47 on Friday. Intuitive Surgical has a fifty-two week low of $425.00 and a fifty-two week high of $616.00. The stock’s 50-day moving average is $454.70 and its two-hundred day moving average is $495.81. The firm has a market cap of $164.35 billion, a P/E ratio of 63.94, a PEG ratio of 4.69 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, topping the consensus estimate of $1.93 by $0.26. The company had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The business’s revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.78 EPS. As a group, research analysts expect that Intuitive Surgical will post 6.43 EPS for the current year.

Insider Activity at Intuitive Surgical

In related news, EVP Myriam Curet sold 4,500 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total transaction of $2,216,160.00. Following the completion of the sale, the executive vice president owned 353 shares in the company, valued at $173,845.44. This represents a 92.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Amy L. Ladd sold 335 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the completion of the sale, the director owned 739 shares of the company’s stock, valued at $325,669.91. This represents a 31.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,224 shares of company stock worth $21,716,492 in the last 90 days. 0.70% of the stock is owned by company insiders.

Institutional Trading of Intuitive Surgical

A number of hedge funds have recently modified their holdings of ISRG. Chilton Capital Management LLC lifted its position in shares of Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 43 shares during the period. Tobam raised its holdings in shares of Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after buying an additional 40 shares in the last quarter. Elite Financial Inc. acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $26,000. Kilter Group LLC acquired a new position in shares of Intuitive Surgical in the 2nd quarter worth approximately $27,000. Finally, LFA Lugano Financial Advisors SA acquired a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $30,000. 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.