Intuitive Surgical (NASDAQ:ISRG) Trading Up 0.1% - Still a Buy?

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) was up 0.1% during trading on Monday . The stock traded as high as $600.58 and last traded at $592.31. Approximately 306,843 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,682,286 shares. The stock had previously closed at $591.79.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several recent research reports. Barclays upped their target price on shares of Intuitive Surgical from $610.00 to $674.00 in a research note on Monday, January 27th. Piper Sandler reiterated an "overweight" rating and issued a $670.00 target price (up from $538.00) on shares of Intuitive Surgical in a report on Friday, January 24th. Wells Fargo & Company boosted their target price on Intuitive Surgical from $630.00 to $687.00 and gave the stock an "overweight" rating in a research note on Friday, January 24th. CICC Research started coverage on Intuitive Surgical in a research report on Monday, January 27th. They set a "neutral" rating and a $550.00 price objective for the company. Finally, Evercore ISI lifted their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and a consensus price target of $613.10.

Intuitive Surgical Stock Performance

The stock has a market cap of $204.35 billion, a PE ratio of 89.51, a P/E/G ratio of 5.85 and a beta of 1.39. The firm's 50-day moving average is $567.01 and its 200 day moving average is $527.27.

Insider Buying and Selling

In related news, EVP Myriam Curet sold 408 shares of Intuitive Surgical stock in a transaction 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 transaction, the executive vice president now directly owns 353 shares in the company, valued at $208,181.75. This trade represents a 53.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Robert Desantis sold 376 shares of the company's stock in a transaction on Friday, November 29th. The stock was sold at an average price of $539.00, for a total transaction of $202,664.00. Following the transaction, the executive vice president now owns 5,506 shares of the company's stock, valued at approximately $2,967,734. The trade was a 6.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,240 shares of company stock valued at $3,529,040 over the last quarter. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Intuitive Surgical

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Intuitive Surgical by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 32,212,196 shares of the medical equipment provider's stock valued at $16,813,478,000 after buying an additional 360,591 shares in the last quarter. State Street Corp raised its position in Intuitive Surgical by 1.4% in the third quarter. State Street Corp now owns 15,050,121 shares of the medical equipment provider's stock worth $7,393,673,000 after acquiring an additional 210,363 shares in the last quarter. FMR LLC lifted its holdings 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 valued at $5,389,765,000 after acquiring an additional 838,793 shares during the period. Geode Capital Management LLC boosted its position in shares of Intuitive Surgical by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 7,756,727 shares of the medical equipment provider's stock worth $4,039,200,000 after purchasing an additional 243,802 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of Intuitive Surgical by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 4,868,869 shares of the medical equipment provider's stock worth $2,541,356,000 after purchasing an additional 86,488 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

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.