Intuitive Surgical (NASDAQ:ISRG) Given New $687.00 Price Target at Wells Fargo & Company

Intuitive Surgical (NASDAQ:ISRG) had its price target hoisted by Wells Fargo & Company from $630.00 to $687.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the medical equipment provider’s stock.

Several other analysts have also issued reports on ISRG. JPMorgan Chase & Co. increased their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the stock an “overweight” rating in a report on Friday. The Goldman Sachs Group set a $604.00 price objective on Intuitive Surgical in a report on Friday, October 18th. BTIG Research raised their target price on Intuitive Surgical from $535.00 to $561.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Piper Sandler restated an “overweight” rating and set a $538.00 target price (up from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Finally, Truist Financial raised their target price on Intuitive Surgical from $570.00 to $640.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, Intuitive Surgical currently has an average rating of “Moderate Buy” and an average target price of $583.83.

Intuitive Surgical Stock Down 4.0 %

ISRG opened at $584.05 on Friday. Intuitive Surgical has a 12-month low of $364.17 and a 12-month high of $616.00. The stock has a fifty day moving average of $547.16 and a 200-day moving average of $504.78. The firm has a market capitalization of $208.03 billion, a P/E ratio of 93.90, a PEG ratio of 5.19 and a beta of 1.39.

Insider Activity

In related news, CFO Jamie Samath sold 108 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $542.06, for a total value of $58,542.48. Following the completion of the transaction, the chief financial officer now owns 8,757 shares in the company, valued at $4,746,819.42. The trade was a 1.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $506.52, for a total transaction of $95,225.76. Following the sale, the executive vice president now directly owns 5,506 shares of the company’s stock, valued at $2,788,899.12. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,453 shares of company stock worth $22,059,506. Insiders own 0.90% of the company’s stock.

Institutional Trading of Intuitive Surgical

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Intuitive Surgical by 12.6% in the 2nd quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock valued at $18,958,000 after buying an additional 4,775 shares during the period. APG Asset Management N.V. boosted its stake in Intuitive Surgical by 3.4% in 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 purchasing an additional 7,648 shares during the period. Daymark Wealth Partners LLC boosted its stake in Intuitive Surgical by 3.6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider’s stock worth $3,115,000 after purchasing an additional 246 shares during the period. MBB Public Markets I LLC boosted its stake in Intuitive Surgical by 1,739.6% in the 2nd quarter. MBB Public Markets I LLC now owns 25,129 shares of the medical equipment provider’s stock worth $11,179,000 after purchasing an additional 23,763 shares during the period. Finally, Mark Asset Management LP boosted its stake in Intuitive Surgical by 0.3% in the 2nd quarter. Mark Asset Management LP now owns 29,067 shares of the medical equipment provider’s stock worth $12,930,000 after purchasing an additional 77 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

About Intuitive Surgical

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.