Intuitive Surgical (NASDAQ:ISRG) Hits New 1-Year High - Still a Buy?

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) shares reached a new 52-week high on Thursday . The company traded as high as $545.00 and last traded at $545.00, with a volume of 2880 shares changing hands. The stock had previously closed at $541.82.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ISRG. Citigroup increased their target price on shares of Intuitive Surgical from $512.00 to $560.00 and gave the stock a "buy" rating in a research note on Thursday, August 22nd. Redburn Atlantic upgraded Intuitive Surgical from a "neutral" rating to a "buy" rating and increased their price target for the stock from $380.00 to $510.00 in a research report on Friday, August 2nd. 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. Stifel Nicolaus increased their target price on Intuitive Surgical from $475.00 to $525.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Finally, Truist Financial boosted their price target on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a "buy" rating in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $524.61.

Intuitive Surgical Stock Up 1.6 %

The stock has a 50-day moving average of $503.57 and a 200 day moving average of $461.88. The stock has a market cap of $196.05 billion, a PE ratio of 88.49, a P/E/G ratio of 5.30 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings results on Thursday, October 17th. The medical equipment provider reported $1.56 EPS for the quarter, topping the consensus estimate of $1.24 by $0.32. Intuitive Surgical had a return on equity of 13.41% and a net margin of 28.51%. The business had revenue of $2.04 billion for the quarter, compared to analyst estimates of $2.01 billion. Research analysts forecast that Intuitive Surgical, Inc. will post 5.45 EPS for the current fiscal year.

Insider Activity

In other news, insider Jamie Samath sold 269 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $539.89, for a total transaction of $145,230.41. Following the completion of the transaction, the insider now directly owns 8,757 shares in the company, valued at approximately $4,727,816.73. This represents a 2.98 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 396 shares of the business's stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $486.88, for a total transaction of $192,804.48. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,680,761.28. This trade represents a 6.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 91,178 shares of company stock valued at $45,897,071 in the last 90 days. Company insiders own 0.90% of the company's stock.

Institutional Investors Weigh In On Intuitive Surgical

A number of institutional investors have recently made changes to their positions in ISRG. Ridgewood Investments LLC acquired a new position in Intuitive Surgical during the 2nd quarter worth about $26,000. Godsey & Gibb Inc. lifted its position in shares of Intuitive Surgical by 140.0% during the third quarter. Godsey & Gibb Inc. now owns 60 shares of the medical equipment provider's stock worth $29,000 after purchasing an additional 35 shares in the last quarter. Creekmur Asset Management LLC boosted its stake in shares of Intuitive Surgical by 200.0% in the first quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock valued at $25,000 after purchasing an additional 42 shares during the period. LGT Financial Advisors LLC grew its holdings in shares of Intuitive Surgical by 415.4% in the second quarter. LGT Financial Advisors LLC now owns 67 shares of the medical equipment provider's stock valued at $30,000 after purchasing an additional 54 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. purchased a new stake in Intuitive Surgical during the 3rd quarter worth approximately $33,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.