Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Robert Desantis Sells 1,012 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Robert Desantis sold 1,012 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $514.00, for a total transaction of $520,168.00. Following the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,830,084. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Robert Desantis also recently made the following trade(s):

• On Tuesday, October 29th, Robert Desantis sold 188 shares of Intuitive Surgical stock. The stock was sold at an average price of $506.52, for a total transaction of $95,225.76.
• On Tuesday, September 10th, Robert Desantis sold 238 shares of Intuitive Surgical stock. The stock was sold at an average price of $477.50, for a total value of $113,645.00.
• On Thursday, August 29th, Robert Desantis sold 188 shares of Intuitive Surgical stock. The shares were sold at an average price of $482.21, for a total value of $90,655.48.
• On Monday, August 26th, Robert Desantis sold 396 shares of Intuitive Surgical stock. The stock was sold at an average price of $486.88, for a total value of $192,804.48.
• On Monday, August 12th, Robert Desantis sold 240 shares of Intuitive Surgical stock. The shares were sold at an average price of $464.76, for a total value of $111,542.40.

Intuitive Surgical Stock Up 1.1 %

Intuitive Surgical stock traded up $5.43 during mid-day trading on Tuesday, reaching $516.31. 1,064,808 shares of the company’s stock traded hands, compared to its average volume of 1,464,542. Intuitive Surgical, Inc. has a 12-month low of $254.85 and a 12-month high of $523.34. The company has a market cap of $183.90 billion, a price-to-earnings ratio of 82.14, a PEG ratio of 5.11 and a beta of 1.39. The stock has a 50 day moving average of $488.56 and a two-hundred day moving average of $443.89.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ISRG. Piper Sandler reaffirmed an “overweight” rating and set a $538.00 price target (up previously from $495.00) on shares of Intuitive Surgical in a report on Friday, October 18th. Truist Financial lifted their target price on shares of Intuitive Surgical from $520.00 to $570.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a research note on Friday, October 18th. Morgan Stanley raised their price target on Intuitive Surgical from $375.00 to $460.00 and gave the company an “equal weight” rating in a report on Monday, July 15th. Finally, Redburn Atlantic raised Intuitive Surgical from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $380.00 to $510.00 in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $513.74.

Institutional Trading of Intuitive Surgical

Hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC increased its stake in Intuitive Surgical by 49,383.6% during 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 acquiring an additional 1,088,415 shares during the last quarter. Capital Research Global Investors purchased a new position in shares of Intuitive Surgical in the 1st quarter worth approximately $374,390,000. Vanguard Group Inc. boosted its holdings in shares of Intuitive Surgical by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 30,868,620 shares of the medical equipment provider’s stock worth $12,319,358,000 after purchasing an additional 493,126 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Intuitive Surgical by 51.2% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 893,341 shares of the medical equipment provider’s stock valued at $356,524,000 after purchasing an additional 302,382 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its holdings in Intuitive Surgical by 40,221.4% during the 2nd quarter. Strategic Financial Concepts LLC now owns 266,121 shares of the medical equipment provider’s stock valued at $1,184,000 after buying an additional 265,461 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

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.