Truist Financial Raises Intuitive Surgical (NASDAQ:ISRG) Price Target to $666.00

Intuitive Surgical (NASDAQ:ISRG) had its price objective boosted by research analysts at Truist Financial from $640.00 to $666.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the medical equipment provider’s stock. Truist Financial’s price target points to a potential upside of 14.03% from the company’s current price.

A number of other equities analysts have also commented on ISRG. Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Royal Bank of Canada lifted their price target on Intuitive Surgical from $525.00 to $555.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Wells Fargo & Company increased their price objective on Intuitive Surgical from $630.00 to $687.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Raymond James increased their price target on shares of Intuitive Surgical from $560.00 to $688.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $583.83.

Intuitive Surgical Trading Down 4.0 %

NASDAQ:ISRG opened at $584.05 on Friday. The firm has a market capitalization of $208.03 billion, a PE ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39. Intuitive Surgical has a 1 year low of $364.17 and a 1 year high of $616.00. The firm’s fifty day simple moving average is $547.16 and its 200 day simple moving average is $504.35.

Insider Buying and Selling at Intuitive Surgical

In other news, CEO Gary S. Guthart sold 18,151 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 24,219 shares of the company’s stock, valued at $12,391,166.97. The trade was a 42.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert Desantis sold 188 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total value of $95,225.76. Following the sale, the executive vice president now owns 5,506 shares in the company, valued at approximately $2,788,899.12. This trade represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,475 shares of company stock valued at $22,070,807. 0.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its stake in shares of Intuitive Surgical by 12.6% during the second quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock valued at $18,958,000 after acquiring an additional 4,775 shares during the period. APG Asset Management N.V. grew its position in shares of Intuitive Surgical by 3.4% during the 2nd quarter. APG Asset Management N.V. now owns 234,279 shares of the medical equipment provider’s stock worth $97,242,000 after buying an additional 7,648 shares during the period. Daymark Wealth Partners LLC raised its stake in shares of Intuitive Surgical by 3.6% during the second quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider’s stock worth $3,115,000 after buying an additional 246 shares during the last quarter. MBB Public Markets I LLC lifted its holdings in Intuitive Surgical by 1,739.6% in the second quarter. MBB Public Markets I LLC now owns 25,129 shares of the medical equipment provider’s stock valued at $11,179,000 after buying an additional 23,763 shares during the period. Finally, Mark Asset Management LP grew its holdings in Intuitive Surgical by 0.3% during the 2nd quarter. Mark Asset Management LP now owns 29,067 shares of the medical equipment provider’s stock worth $12,930,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds 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.