Intuitive Surgical, Inc. (NASDAQ:ISRG – Get Free Report) dropped 0.4% during trading on Tuesday . The stock traded as low as $563.85 and last traded at $571.10. Approximately 572,352 shares were traded during trading, a decline of 70% from the average daily volume of 1,933,652 shares. The stock had previously closed at $573.48.
Wall Street Analyst Weigh In
ISRG has been the subject of several research reports. Evercore ISI upped their price target on shares of Intuitive Surgical from $490.00 to $530.00 in a research report on Monday. Wells Fargo & Company increased their target price on shares of Intuitive Surgical from $630.00 to $687.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group increased their target price on shares of Intuitive Surgical from $475.00 to $575.00 in a report on Monday. CICC Research began coverage on shares of Intuitive Surgical in a report on Monday. They issued a “neutral” rating and a $550.00 target price for the company. Finally, Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $522.00 to $650.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $613.10.
Get Our Latest Research Report on ISRG
Intuitive Surgical Trading Up 0.1 %
Insider Buying and Selling
In related news, CFO Jamie Samath sold 270 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $540.15, for a total value of $145,840.50. Following the completion of the sale, the chief financial officer now directly owns 8,757 shares in the company, valued at $4,730,093.55. This trade represents a 2.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gary S. Guthart sold 18,151 shares of the stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $511.63, for a total value of $9,286,596.13. Following the completion of the sale, the chief executive officer now owns 24,219 shares in the company, valued at approximately $12,391,166.97. The trade was a 42.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,265 shares of company stock worth $21,964,281 over the last three months. 0.90% of the stock is owned by insiders.
Institutional Trading of Intuitive Surgical
A number of hedge funds and other institutional investors have recently bought and sold shares of ISRG. Massachusetts Financial Services Co. MA purchased a new stake in Intuitive Surgical in the third quarter worth $558,807,000. International Assets Investment Management LLC increased its stake in Intuitive Surgical by 49,383.6% in the third quarter. International Assets Investment Management LLC now owns 1,090,619 shares of the medical equipment provider’s stock worth $535,788,000 after purchasing an additional 1,088,415 shares during the period. FMR LLC increased its stake in Intuitive Surgical by 8.3% in the third quarter. FMR LLC now owns 10,971,085 shares of the medical equipment provider’s stock worth $5,389,765,000 after purchasing an additional 838,793 shares during the period. Wilmington Savings Fund Society FSB increased its stake in Intuitive Surgical by 15,322.2% in the third quarter. Wilmington Savings Fund Society FSB now owns 555,661 shares of the medical equipment provider’s stock worth $272,980,000 after purchasing an additional 552,058 shares during the period. Finally, Strategic Financial Concepts LLC increased its stake in shares of Intuitive Surgical by 50,740.8% during the fourth quarter. Strategic Financial Concepts LLC now owns 312,671 shares of the medical equipment provider’s stock valued at $163,202,000 after buying an additional 312,056 shares during the period. Hedge funds and other institutional investors own 83.64% of the company’s stock.
Intuitive Surgical Company Profile
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.
Read More
- Five stocks we like better than Intuitive Surgical
- Insider Trades May Not Tell You What You Think
- Survey Reveals: Top 150 Best Coffee Shops for Remote Workers and Business Deals [2025]
- What is MarketRank™? How to Use it
- What Does the Future Hold for Eli Lilly?
- How to Invest in Insurance Companies: A Guide
- Oracle Stock Drops Nearly 14% – Is Now the Time to Buy?
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.