Intuitive Surgical (NASDAQ:ISRG) Shares Up 1%

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) shares rose 1% during trading on Tuesday . The stock traded as high as $484.23 and last traded at $483.98. Approximately 219,293 shares were traded during trading, a decline of 85% from the average daily volume of 1,508,839 shares. The stock had previously closed at $479.39.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ISRG shares. BTIG Research upped their target price on Intuitive Surgical from $469.00 to $494.00 and gave the stock a "buy" rating in a research note on Wednesday, August 28th. Stifel Nicolaus raised their price objective on Intuitive Surgical from $430.00 to $475.00 and gave the company a "buy" rating in a research note on Friday, July 19th. Evercore ISI lowered their target price on Intuitive Surgical from $425.00 to $410.00 and set an "in-line" rating for the company in a research note on Friday, July 19th. Truist Financial increased their target price on shares of Intuitive Surgical from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Finally, Barclays lifted their price target on shares of Intuitive Surgical from $430.00 to $490.00 and gave the company an "overweight" rating in a report on Thursday, July 18th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $446.45.

Intuitive Surgical Trading Up 1.0 %

The stock's 50-day moving average price is $460.51 and its 200-day moving average price is $419.84. The company has a market cap of $171.76 billion, a P/E ratio of 87.41, a PEG ratio of 5.20 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.24. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. Intuitive Surgical had a return on equity of 13.04% and a net margin of 27.65%. Intuitive Surgical's revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.18 earnings per share. On average, research analysts anticipate that Intuitive Surgical, Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Activity at Intuitive Surgical

In other news, EVP Robert Desantis sold 376 shares of the company's stock in a transaction on Monday, July 29th. The shares were sold at an average price of $446.60, for a total value of $167,921.60. Following the completion of the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,458,979.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, EVP Robert Desantis sold 376 shares of the stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $446.60, for a total transaction of $167,921.60. Following the completion of the transaction, the executive vice president now owns 5,506 shares in the company, valued at $2,458,979.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Henry L. Charlton sold 40,243 shares of Intuitive Surgical stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the sale, the senior vice president now directly owns 3,001 shares in the company, valued at approximately $1,461,006.84. The disclosure for this sale can be found here. In the last three months, insiders sold 51,955 shares of company stock valued at $24,857,221. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Intuitive Surgical

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ISRG. Creekmur Asset Management LLC grew its stake in Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider's stock valued at $25,000 after buying an additional 42 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in Intuitive Surgical during the 2nd quarter worth about $26,000. Able Wealth Management LLC bought a new position in Intuitive Surgical in the 4th quarter worth about $28,000. Delos Wealth Advisors LLC grew its holdings in Intuitive Surgical by 380.0% during the 1st quarter. Delos Wealth Advisors LLC now owns 72 shares of the medical equipment provider's stock valued at $29,000 after buying an additional 57 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of Intuitive Surgical during the first quarter valued at about $30,000. 83.64% of the stock is currently owned by institutional investors.

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.