Several large investors have recently changed their holdings in Intuitive Surgical. Advisors Asset Management increased its stake by 18.1%, now owning 7,380 shares worth $2.95 million. The Public Employees Retirement System of Ohio raised its position by 5.4%, bringing its total to 191,283 shares valued at $64.53 million. SWP Financial acquired a new stake worth $255,000, while Brookstone Capital Management grew its position by 22.4%, now holding 12,530 shares valued at $5.34 million. M&G Plc increased its stake by 53.5%, owning 5,069 shares worth $2.26 million. Overall, institutional investors hold 83.64% of the company’s stock.
Analyst Ratings
Analysts have recently upgraded their ratings for Intuitive Surgical (ISRG). Robert W. Baird raised its target price from $487 to $503 and rated it “outperform.” Citigroup increased its target from $512 to $560 with a “buy” rating. Other firms like Evercore ISI and Truist Financial also raised their target prices, with the stock receiving 15 “buy” ratings and 6 “hold” ratings overall. The consensus rating is “Moderate Buy” with a target price of $449.70.
Read Our Latest Analysis on Intuitive Surgical
Insider Transactions
On September 13th, Director Amy L. Ladd sold 450 shares at $490.28 each, totaling $220,626. She now owns 821 shares valued at $402,519. EVP Robert Desantis sold 1,413 shares on July 26th at $438.60 each for approximately $619,741. In the last quarter, insiders sold 53,120 shares worth $25.53 million.
Stock Performance
On Thursday, ISRG shares opened at $486.62. The company has a market cap of $172.6 billion and a P/E ratio of 87.84. Over the past year, shares have ranged from $254.85 to $496.48. Intuitive Surgical reported earnings of $1.78 per share on July 18th, surpassing estimates of $1.54. Revenue for the quarter was $2.01 billion, up 14.5% year-over-year.
Company Overview
Intuitive Surgical develops and sells products for minimally invasive surgeries, including the da Vinci Surgical System and the Ion endoluminal system for diagnostic procedures.
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