Intuitive Surgical (NASDAQ:ISRG) Trading Down 0.4% - Here's What Happened

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report)'s stock price dropped 0.4% on Friday . The stock traded as low as $598.03 and last traded at $604.06. Approximately 310,260 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,683,221 shares. The stock had previously closed at $606.57.

Analysts Set New Price Targets

ISRG has been the topic of several research reports. Citigroup raised their price target on shares of Intuitive Surgical from $640.00 to $711.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Stifel Nicolaus raised their price target on shares of Intuitive Surgical from $525.00 to $610.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Morgan Stanley raised shares of Intuitive Surgical from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $522.00 to $650.00 in a research note on Monday, December 2nd. CICC Research initiated coverage on shares of Intuitive Surgical in a research note on Monday, January 27th. They issued a "neutral" rating and a $550.00 price target on the stock. Finally, Leerink Partners raised their price target on shares of Intuitive Surgical from $490.00 to $548.00 in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $613.10.

Intuitive Surgical Stock Down 0.1 %

The firm has a market capitalization of $210.51 billion, a price-to-earnings ratio of 92.20, a PEG ratio of 5.85 and a beta of 1.39. The business's 50-day simple moving average is $566.43 and its two-hundred day simple moving average is $526.49.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $589.75, for a total value of $240,618.00. Following the completion of the transaction, the executive vice president now owns 353 shares in the company, valued at approximately $208,181.75. The trade was a 53.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amal M. Johnson sold 4,635 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $566.60, for a total transaction of $2,626,191.00. Following the completion of the transaction, the director now owns 12,275 shares of the company's stock, valued at $6,955,015. This trade represents a 27.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,348 shares of company stock worth $3,587,582 over the last three months. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Norges Bank purchased a new position in Intuitive Surgical in the fourth quarter worth approximately $2,401,493,000. Massachusetts Financial Services Co. MA purchased a new position in Intuitive Surgical in the third quarter worth approximately $558,807,000. Proficio Capital Partners LLC lifted its stake in Intuitive Surgical by 89,098.8% in the fourth quarter. Proficio Capital Partners LLC now owns 949,967 shares of the medical equipment provider's stock worth $495,845,000 after acquiring an additional 948,902 shares during the last quarter. FMR LLC lifted its stake in Intuitive Surgical by 8.3% in the third quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider's stock worth $5,389,765,000 after acquiring an additional 838,793 shares during the last quarter. Finally, Capital Research Global Investors lifted its stake in Intuitive Surgical by 25.5% in the fourth quarter. Capital Research Global Investors now owns 3,381,302 shares of the medical equipment provider's stock worth $1,764,904,000 after acquiring an additional 687,906 shares during the last quarter. Institutional investors and hedge funds 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.