Several large investors have adjusted their stakes in Intuitive Surgical. Advisors Asset Management increased their ownership by 18.1% this year, owning 7,380 shares worth $2.9 million after buying 1,129 additional shares. The Public Employees Retirement System of Ohio raised its stake by 5.4%, owning 191,283 shares valued at $64.5 million after acquiring 9,869 shares. SWP Financial bought $255,000 worth of shares, Brookstone Capital boosted its stake by 22.4%, owning shares worth $5.3 million after adding 2,289 shares, and M&G Plc raised its share by 53.5%, now holding shares worth $2.3 million after purchasing 1,766 shares. Overall, institutional investors own 83.64% of the company.
Analyst Ratings Changes
Recent analyses by several firms have led to increased target prices for Intuitive Surgical. Robert W. Baird raised their target from $487 to $503 with an outperform rating. Citigroup increased theirs from $512 to $560 with a buy rating. Evercore ISI set theirs at $475 with an in-line rating, while Truist Financial raised their target to $515 with a buy rating. BTIG also increased their target to $494 with a buy rating. Currently, there are six hold ratings and fifteen buy ratings, leading to a consensus of Moderate Buy and a target price of $449.70.
Read Our Latest Analysis on Intuitive Surgical
Insider Buying and Selling
In related news, Director Amy L. Ladd sold 450 shares on September 13 at an average price of $490.28, totaling $220,626. She now owns 821 shares valued at about $402,520. Additionally, EVP Robert Desantis sold 1,413 shares at an average price of $438.60 on July 26, totaling $619,741.80, and now holds 5,506 shares worth approximately $2.4 million. Insiders sold 53,120 shares worth about $25.5 million in the last quarter, owning 0.90% of the company.
Intuitive Surgical Price Performance
ISRG shares opened at $486.62, with a market cap of $172.6 billion and a P/E ratio of 87.84. The stock reached a 1-year low of $254.85 and a high of $496.48. It currently has a 50-day average of $474.88, and a 200-day average of $430.58. In its latest earnings report, Intuitive Surgical reported $1.78 EPS, exceeding estimates, with revenue of $2.01 billion, up 14.5% year-over-year. Analysts project an EPS of 5.22 for this year.
Intuitive Surgical Profile
Intuitive Surgical, Inc. develops surgical products, including the da Vinci Surgical System for minimally invasive procedures and the Ion system for lung biopsies.
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