Wells Fargo & Company Boosts Intuitive Surgical (NASDAQ:ISRG) Price Target to $687.00

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) had its target price hoisted by equities researchers at Wells Fargo & Company from $630.00 to $687.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the medical equipment provider's stock. Wells Fargo & Company's target price would indicate a potential upside of 17.63% from the company's current price.

Other equities analysts have also issued research reports about the company. BTIG Research lifted their price target on Intuitive Surgical from $535.00 to $561.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Raymond James boosted their target price on Intuitive Surgical from $500.00 to $540.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Robert W. Baird raised their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Morgan Stanley upgraded shares of Intuitive Surgical from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $522.00 to $650.00 in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $583.83.

Intuitive Surgical Price Performance

NASDAQ:ISRG traded down $24.61 during mid-day trading on Friday, reaching $584.05. The stock had a trading volume of 4,350,539 shares, compared to its average volume of 1,342,626. Intuitive Surgical has a 12 month low of $364.17 and a 12 month high of $616.00. The stock has a market capitalization of $208.03 billion, a PE ratio of 93.90, a P/E/G ratio of 5.19 and a beta of 1.39. The stock has a 50-day simple moving average of $547.16 and a two-hundred day simple moving average of $504.35.

Insider Transactions at Intuitive Surgical

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of the firm's stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total value of $95,225.76. Following the completion of the sale, the executive vice president now directly owns 5,506 shares in the company, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jamie Samath sold 22,903 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $525.00, for a total transaction of $12,024,075.00. Following the transaction, the insider now owns 8,757 shares in the company, valued at $4,597,425. This represents a 72.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,475 shares of company stock worth $22,070,807 over the last three months. 0.90% of the stock is owned by company insiders.

Institutional Trading of Intuitive Surgical

Large investors have recently made changes to their positions in the company. Patron Partners LLC grew its position in Intuitive Surgical by 3.7% in the 4th quarter. Patron Partners LLC now owns 1,890 shares of the medical equipment provider's stock valued at $987,000 after purchasing an additional 67 shares during the period. Trust Point Inc. grew its holdings in shares of Intuitive Surgical by 7.7% during the fourth quarter. Trust Point Inc. now owns 2,262 shares of the medical equipment provider's stock valued at $1,181,000 after buying an additional 162 shares during the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in shares of Intuitive Surgical during the fourth quarter worth about $278,000. Optas LLC raised its holdings in shares of Intuitive Surgical by 22.1% in the 4th quarter. Optas LLC now owns 795 shares of the medical equipment provider's stock worth $415,000 after acquiring an additional 144 shares during the last quarter. Finally, Financial Life Planners bought a new position in Intuitive Surgical in the 4th quarter valued at about $81,000. 83.64% of the stock is currently owned by institutional investors and hedge funds.

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.