Intuitive Surgical (NASDAQ:ISRG) Hits New 12-Month High at $403.76

Intuitive Surgical, Inc. (NASDAQ:ISRG) shares reached a new 52-week high on Wednesday . The stock traded as high as $403.76 and last traded at $398.31, with a volume of 144258 shares changing hands. The stock had previously closed at $397.63.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price on shares of Intuitive Surgical from $390.00 to $435.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $420.00 price objective on shares of Intuitive Surgical in a research note on Friday, March 15th. Mizuho lifted their price objective on shares of Intuitive Surgical from $350.00 to $390.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. Royal Bank of Canada upped their target price on shares of Intuitive Surgical from $400.00 to $432.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company raised their target price on shares of Intuitive Surgical from $363.00 to $416.00 and gave the company an “overweight” rating in a research note on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $371.60.

Intuitive Surgical Stock Performance

The firm has a market capitalization of $141.46 billion, a P/E ratio of 79.34, a P/E/G ratio of 6.17 and a beta of 1.36. The stock’s 50 day simple moving average is $385.19 and its 200 day simple moving average is $332.83.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Tuesday, January 23rd. The medical equipment provider reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.12. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.89 billion. Intuitive Surgical had a return on equity of 13.11% and a net margin of 25.24%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.91 EPS. On average, analysts anticipate that Intuitive Surgical, Inc. will post 4.93 earnings per share for the current year.

Insider Activity

In other news, EVP Robert Desantis sold 20,296 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $393.80, for a total transaction of $7,992,564.80. Following the transaction, the executive vice president now directly owns 5,507 shares in the company, valued at $2,168,656.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Intuitive Surgical news, EVP Myriam Curet sold 4,318 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $370.15, for a total transaction of $1,598,307.70. Following the completion of the sale, the executive vice president now directly owns 189 shares of the company’s stock, valued at $69,958.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Desantis sold 20,296 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $393.80, for a total transaction of $7,992,564.80. Following the transaction, the executive vice president now owns 5,507 shares of the company’s stock, valued at approximately $2,168,656.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 248,418 shares of company stock worth $95,927,097. 0.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Intuitive Surgical

Several institutional investors and hedge funds have recently bought and sold shares of ISRG. OFI Invest Asset Management purchased a new position in shares of Intuitive Surgical in the 3rd quarter valued at approximately $25,000. Baystate Wealth Management LLC boosted its position in Intuitive Surgical by 150.0% in the fourth quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 45 shares during the last quarter. MCF Advisors LLC lifted its position in Intuitive Surgical by 108.1% during the fourth quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock valued at $26,000 after purchasing an additional 40 shares during the period. Headinvest LLC purchased a new position in shares of Intuitive Surgical during the 3rd quarter valued at about $28,000. Finally, Able Wealth Management LLC acquired a new stake in Intuitive Surgical during the fourth quarter worth about $28,000. 83.64% of the stock is owned by hedge funds and other 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.