Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Brian Edward Miller Sells 2,553 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) EVP Brian Edward Miller sold 2,553 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $515.00, for a total transaction of $1,314,795.00. Following the completion of the transaction, the executive vice president now owns 7,066 shares in the company, valued at $3,638,990. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Intuitive Surgical Stock Down 0.8 %

Shares of NASDAQ ISRG traded down $3.92 during midday trading on Wednesday, hitting $513.58. 235,354 shares of the company's stock were exchanged, compared to its average volume of 1,471,021. The company's 50 day moving average price is $485.88 and its 200 day moving average price is $440.46. Intuitive Surgical, Inc. has a 12 month low of $254.85 and a 12 month high of $523.34. The firm has a market capitalization of $182.17 billion, a PE ratio of 93.41, a price-to-earnings-growth ratio of 5.40 and a beta of 1.39.

Hedge Funds Weigh In On Intuitive Surgical

Several large investors have recently modified their holdings of the stock. Mirador Capital Partners LP raised its holdings in Intuitive Surgical by 1.4% in the 3rd quarter. Mirador Capital Partners LP now owns 3,526 shares of the medical equipment provider's stock valued at $1,732,000 after acquiring an additional 50 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Intuitive Surgical by 18.1% in the first quarter. Advisors Asset Management Inc. now owns 7,380 shares of the medical equipment provider's stock valued at $2,945,000 after acquiring an additional 1,129 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Intuitive Surgical by 617.1% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 89,069 shares of the medical equipment provider's stock valued at $39,622,000 after purchasing an additional 76,649 shares during the period. Brookstone Capital Management raised its holdings in Intuitive Surgical by 22.4% in the 2nd quarter. Brookstone Capital Management now owns 12,530 shares of the medical equipment provider's stock valued at $5,340,000 after acquiring an additional 2,289 shares in the last quarter. Finally, M&G Plc lifted its position in Intuitive Surgical by 53.5% during the second quarter. M&G Plc now owns 5,069 shares of the medical equipment provider's stock worth $2,256,000 after purchasing an additional 1,766 shares during the period. 83.64% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Piper Sandler restated an "overweight" rating and set a $538.00 target price (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. JPMorgan Chase & Co. lifted their price objective on shares of Intuitive Surgical from $495.00 to $575.00 and gave the stock an "overweight" rating in a research note on Friday, October 11th. Morgan Stanley upped their target price on shares of Intuitive Surgical from $375.00 to $460.00 and gave the company an "equal weight" rating in a research note on Monday, July 15th. Truist Financial lifted their price target on shares of Intuitive Surgical from $520.00 to $570.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Finally, BTIG Research set a $535.00 price objective on shares of Intuitive Surgical in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, Intuitive Surgical currently has a consensus rating of "Moderate Buy" and a consensus price target of $513.74.

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.