Many large investors have recently changed their stakes in Intuitive Surgical. Advisors Asset Management Inc. increased its investment by 18.1%, owning 7,380 shares now valued at $2.9 million after buying 1,129 additional shares. The Public Employees Retirement System of Ohio raised its stake by 5.4%, now holding 191,283 shares worth $64.5 million after acquiring 9,869 shares. SWP Financial LLC bought a new stake valued at $255,000, while Brookstone Capital Management raised its position by 22.4%, now owning 12,530 shares worth $5.3 million. M&G Plc increased their stake by 53.5%, holding 5,069 shares valued at $2.3 million. Overall, institutional investors own 83.64% of the company’s stock.
Analyst Ratings
Recent reports from research firms indicate positive changes for Intuitive Surgical stock. Robert W. Baird raised its target price from $487 to $503, giving it an “outperform” rating. Citigroup increased its target from $512 to $560, maintaining a “buy” status. Evercore ISI raised its price target from $410 to $475. Truist Financial increased their target from $450 to $515, while BTIG Research raised theirs from $469 to $494. Currently, six analysts rate it as ‘hold’ and 15 as ‘buy’, giving an overall consensus of “Moderate Buy” with a target price of $449.70.
Insider Transactions
In recent insider news, Director Amy L. Ladd sold 450 shares on September 13 at an average price of $490.28, totaling $220,626, leaving her with 821 shares valued at approx. $402,520. EVP Robert Desantis sold 1,413 shares on July 26 for $619,741.80, and now owns 5,506 shares valued at about $2.4 million. In total, insiders sold 53,120 shares recently, amounting to approximately $25.5 million. Corporate insiders own 0.90% of the stock.
Price Performance
On Thursday, Intuitive Surgical shares opened at $486.62, with a market cap of $172.6 billion. The stock has a price-to-earnings ratio of 87.84 and has ranged from $254.85 to $496.48 in the past year. Their last earnings report showed $1.78 earnings per share, beating estimates of $1.54, with revenue of $2.01 billion, up 14.5% year-over-year.
Company Overview
Intuitive Surgical, Inc. develops products for minimally invasive care, including the da Vinci Surgical System and Ion endoluminal system for diagnostic procedures.
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