Intuitive Surgical (NASDAQ:ISRG) Price Target Increased to $549.00 by Analysts at Wells Fargo & Company

Intuitive Surgical (NASDAQ:ISRG) had its price objective increased by Wells Fargo & Company from $466.00 to $549.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the medical equipment provider’s stock.

Several other equities analysts have also recently issued reports on the company. Evercore ISI raised their price target on Intuitive Surgical from $410.00 to $475.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Citigroup raised their price target on Intuitive Surgical from $512.00 to $560.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their target price on Intuitive Surgical from $495.00 to $575.00 and gave the company an “overweight” rating in a research report on Friday, October 11th. Stifel Nicolaus lifted their target price on Intuitive Surgical from $475.00 to $525.00 and gave the company a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada raised their price target on Intuitive Surgical from $525.00 to $555.00 and gave the company an “outperform” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.75.

Intuitive Surgical Price Performance

Intuitive Surgical stock opened at $521.15 on Friday. The stock has a fifty day moving average price of $483.85 and a two-hundred day moving average price of $437.79. Intuitive Surgical has a 52-week low of $254.85 and a 52-week high of $523.34. The firm has a market capitalization of $184.85 billion, a P/E ratio of 94.07, a P/E/G ratio of 5.40 and a beta of 1.39.

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

Insider Buying and Selling at Intuitive Surgical

In other Intuitive Surgical news, Director Craig H. Barratt sold 1,400 shares of Intuitive Surgical stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total value of $641,382.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Craig H. Barratt sold 1,400 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $458.13, for a total transaction of $641,382.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Amal M. Johnson sold 2,943 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $443.30, for a total value of $1,304,631.90. Following the transaction, the director now directly owns 12,275 shares of the company’s stock, valued at $5,441,507.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 53,120 shares of company stock valued at $25,528,753 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Intuitive Surgical

A number of institutional investors have recently modified their holdings of ISRG. NBC Securities Inc. increased its holdings in Intuitive Surgical by 34.4% in the 1st quarter. NBC Securities Inc. now owns 121 shares of the medical equipment provider’s stock worth $48,000 after purchasing an additional 31 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in Intuitive Surgical by 7.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 930 shares of the medical equipment provider’s stock worth $371,000 after purchasing an additional 67 shares in the last quarter. Signal Advisors Wealth LLC acquired a new position in Intuitive Surgical in the 1st quarter worth about $203,000. &PARTNERS acquired a new position in Intuitive Surgical in the 1st quarter worth about $293,000. Finally, International Assets Investment Management LLC increased its holdings in Intuitive Surgical by 9.7% in the 1st quarter. International Assets Investment Management LLC now owns 2,234 shares of the medical equipment provider’s stock worth $882,000 after purchasing an additional 198 shares in 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.