Intuitive Surgical (NASDAQ:ISRG) Given New $490.00 Price Target at Piper Sandler

Intuitive Surgical (NASDAQ:ISRGGet Free Report) had its price objective hoisted by equities research analysts at Piper Sandler from $435.00 to $490.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the medical equipment provider’s stock. Piper Sandler’s price objective points to a potential upside of 10.18% from the company’s current price.

A number of other analysts also recently weighed in on the stock. BTIG Research upped their price target on shares of Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Citigroup raised their target price on Intuitive Surgical from $428.00 to $462.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. The Goldman Sachs Group began coverage on Intuitive Surgical in a report on Thursday, May 30th. They set a “buy” rating and a $500.00 price target for the company. Jefferies Financial Group raised their price objective on Intuitive Surgical from $365.00 to $375.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Finally, Stifel Nicolaus boosted their target price on Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, April 8th. Six analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average price target of $410.32.

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Intuitive Surgical Price Performance

Shares of NASDAQ ISRG opened at $444.74 on Tuesday. The stock’s fifty day moving average price is $414.51 and its two-hundred day moving average price is $389.28. Intuitive Surgical has a one year low of $254.85 and a one year high of $448.10. The firm has a market cap of $157.75 billion, a price-to-earnings ratio of 80.28, a P/E/G ratio of 5.74 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRGGet Free Report) last released its earnings results on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the firm posted $1.00 EPS. Intuitive Surgical’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts anticipate that Intuitive Surgical will post 4.8 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Intuitive Surgical news, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $369.92, for a total transaction of $554,140.16. Following the transaction, the executive vice president now directly owns 5,507 shares of the company’s stock, valued at approximately $2,037,149.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Myriam Curet sold 5,318 shares of Intuitive Surgical stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $370.66, for a total value of $1,971,169.88. Following the completion of the transaction, the executive vice president now directly owns 298 shares of the company’s stock, valued at approximately $110,456.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 1,498 shares of Intuitive Surgical stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $369.92, for a total value of $554,140.16. Following the completion of the transaction, the executive vice president now directly owns 5,507 shares of the company’s stock, valued at $2,037,149.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,956 shares of company stock valued at $6,927,011. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Baystate Wealth Management LLC raised its position in shares of Intuitive Surgical by 150.0% in the 4th quarter. Baystate Wealth Management LLC now owns 75 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 45 shares in the last quarter. Creekmur Asset Management LLC raised its position in shares of Intuitive Surgical by 200.0% in the 1st quarter. Creekmur Asset Management LLC now owns 63 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 42 shares in the last quarter. MCF Advisors LLC increased its position in Intuitive Surgical by 108.1% in the 4th quarter. MCF Advisors LLC now owns 77 shares of the medical equipment provider’s stock valued at $26,000 after buying an additional 40 shares in the last quarter. Headinvest LLC bought a new stake in Intuitive Surgical in the 3rd quarter valued at about $28,000. Finally, Able Wealth Management LLC bought a new stake in Intuitive Surgical in the 4th quarter valued at about $28,000. 83.64% of the stock is owned by institutional investors.

Intuitive Surgical Company Profile

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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.

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