Intuitive Surgical (NASDAQ:ISRG) Given Overweight Rating at Piper Sandler

Intuitive Surgical (NASDAQ:ISRG)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Sandler in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $670.00 price objective on the medical equipment provider’s stock, up from their previous price objective of $538.00. Piper Sandler’s price target would indicate a potential upside of 14.38% from the stock’s current price.

A number of other brokerages have also commented on ISRG. Erste Group Bank raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Mizuho raised their target price on shares of Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. Robert W. Baird upped their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Evercore ISI reissued a “cautious” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Finally, The Goldman Sachs Group set a $604.00 target price on shares of Intuitive Surgical in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average price target of $574.17.

Intuitive Surgical Trading Down 3.8 %

Shares of NASDAQ:ISRG traded down $22.89 during midday trading on Friday, reaching $585.77. 2,491,103 shares of the company were exchanged, compared to its average volume of 1,867,070. The stock has a market cap of $208.64 billion, a PE ratio of 94.39, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The business’s fifty day moving average is $546.03 and its two-hundred day moving average is $503.38. Intuitive Surgical has a one year low of $364.17 and a one year high of $616.00.

Insider Transactions at Intuitive Surgical

In related news, CFO Jamie Samath sold 270 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total value of $145,840.50. Following the completion of the sale, the chief financial officer now owns 8,757 shares in the company, valued at approximately $4,730,093.55. The trade was a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert Desantis sold 376 shares of the firm’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $539.00, for a total value of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,967,734. The trade was a 6.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 42,475 shares of company stock worth $22,070,807. Insiders own 0.90% of the company’s stock.

Institutional Trading of Intuitive Surgical

A number of hedge funds have recently added to or reduced their stakes in the business. Bennett Selby Investments LP raised its stake in Intuitive Surgical by 3.9% in the fourth quarter. Bennett Selby Investments LP now owns 449 shares of the medical equipment provider’s stock worth $234,000 after buying an additional 17 shares in the last quarter. LVW Advisors LLC increased its holdings in shares of Intuitive Surgical by 1.3% in the 4th quarter. LVW Advisors LLC now owns 1,448 shares of the medical equipment provider’s stock valued at $756,000 after acquiring an additional 19 shares during the period. Wesbanco Bank Inc. lifted its stake in shares of Intuitive Surgical by 1.6% during the 4th quarter. Wesbanco Bank Inc. now owns 1,216 shares of the medical equipment provider’s stock worth $635,000 after purchasing an additional 19 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in Intuitive Surgical by 5.8% during the third quarter. Hazlett Burt & Watson Inc. now owns 362 shares of the medical equipment provider’s stock valued at $177,000 after purchasing an additional 20 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in Intuitive Surgical by 4.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 503 shares of the medical equipment provider’s stock valued at $247,000 after purchasing an additional 20 shares during the last quarter. 83.64% of the stock is owned by hedge funds and other institutional investors.

Intuitive Surgical Company Profile

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.