Intuitive Surgical (NASDAQ:ISRG) Price Target Raised to $916.00

Intuitive Surgical (NASDAQ:ISRG) had its price target lifted by Wells Fargo & Company from $892.00 to $916.00 in a research note published on Monday, The Fly reports. Wells Fargo & Company currently has an overweight rating on the medical equipment provider’s stock.

Other research analysts have also recently issued research reports about the company. Citigroup increased their target price on Intuitive Surgical from $862.00 to $939.00 in a research note on Wednesday, April 21st. Deutsche Bank Aktiengesellschaft increased their target price on Intuitive Surgical from $690.00 to $825.00 and gave the company a hold rating in a research note on Wednesday, April 21st. Morgan Stanley increased their target price on Intuitive Surgical from $780.00 to $855.00 and gave the company an equal weight rating in a research note on Wednesday, April 21st. Zacks Investment Research raised Intuitive Surgical from a hold rating to a buy rating and set a $804.00 target price on the stock in a research note on Tuesday, April 6th. Finally, Piper Sandler raised their price objective on Intuitive Surgical from $735.00 to $840.00 and gave the company a neutral rating in a research note on Wednesday, April 21st. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $807.21.

Shares of ISRG stock opened at $859.14 on Monday. Intuitive Surgical has a 52-week low of $543.03 and a 52-week high of $893.79. The stock has a market capitalization of $101.73 billion, a P/E ratio of 88.57, a PEG ratio of 7.23 and a beta of 1.04. The stock has a fifty day simple moving average of $827.19.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Monday, April 19th. The medical equipment provider reported $3.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.89. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.11 billion. Intuitive Surgical had a return on equity of 12.35% and a net margin of 25.78%. The firm’s revenue was up 17.5% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 earnings per share. Research analysts expect that Intuitive Surgical will post 12.26 EPS for the current year.

In other news, SVP Reiter Kara Andersen sold 750 shares of Intuitive Surgical stock in a transaction that occurred on Friday, April 23rd. The shares were sold at an average price of $848.01, for a total transaction of $636,007.50. Following the completion of the transaction, the senior vice president now directly owns 5,594 shares in the company, valued at $4,743,767.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amal M. Johnson sold 2,500 shares of Intuitive Surgical stock in a transaction that occurred on Wednesday, May 12th. The shares were sold at an average price of $817.82, for a total transaction of $2,044,550.00. Following the transaction, the director now owns 6,223 shares of the company’s stock, valued at $5,089,293.86. The disclosure for this sale can be found here. Insiders sold 39,205 shares of company stock valued at $33,639,395 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in ISRG. Vantage Consulting Group Inc purchased a new position in shares of Intuitive Surgical during the fourth quarter valued at approximately $25,000. Wealthcare Capital Management LLC purchased a new position in Intuitive Surgical in the 1st quarter worth approximately $25,000. Rockbridge Investment Management LCC raised its holdings in Intuitive Surgical by 52.0% in the 1st quarter. Rockbridge Investment Management LCC now owns 38 shares of the medical equipment provider’s stock worth $28,000 after acquiring an additional 13 shares during the last quarter. Kistler Tiffany Companies LLC raised its holdings in Intuitive Surgical by 100.0% in the 1st quarter. Kistler Tiffany Companies LLC now owns 40 shares of the medical equipment provider’s stock worth $30,000 after acquiring an additional 20 shares during the last quarter. Finally, Alpha Paradigm Partners LLC purchased a new position in Intuitive Surgical in the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 83.97% of the company’s stock.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc, together with its subsidiaries, designs, develops, manufactures, and markets da Vinci surgical systems, and related instruments and accessories in the United States and internationally. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D HD vision systems, skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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