Intuitive Surgical (NASDAQ:ISRG) Reaches New 52-Week High – Time to Buy?

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $544.32 and last traded at $544.31, with a volume of 303870 shares. The stock had previously closed at $536.69.

Wall Street Analyst Weigh In

Several analysts have weighed in on ISRG shares. Wells Fargo & Company lifted their target price on Intuitive Surgical from $466.00 to $549.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. BTIG Research set a $535.00 price objective on shares of Intuitive Surgical in a research note on Friday, October 18th. Redburn Atlantic upgraded shares of Intuitive Surgical from a “neutral” rating to a “buy” rating and increased their target price for the company from $380.00 to $510.00 in a research report on Friday, August 2nd. Robert W. Baird boosted their price target on shares of Intuitive Surgical from $503.00 to $565.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Finally, Oppenheimer reiterated a “market perform” rating on shares of Intuitive Surgical in a report on Friday, October 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $513.74.

Intuitive Surgical Stock Down 1.9 %

The business’s 50 day simple moving average is $499.29 and its 200 day simple moving average is $457.28. The company has a market capitalization of $187.92 billion, a PE ratio of 84.82, a price-to-earnings-growth ratio of 5.28 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 17th. The medical equipment provider reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.32. The firm had revenue of $2.04 billion for the quarter, compared to analysts’ expectations of $2.01 billion. Intuitive Surgical had a net margin of 28.51% and a return on equity of 13.41%. On average, analysts anticipate that Intuitive Surgical, Inc. will post 5.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Intuitive Surgical news, EVP Robert Desantis sold 188 shares of Intuitive Surgical stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $482.21, for a total transaction of $90,655.48. Following the completion of the sale, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,655,048.26. This trade represents a 3.30 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Henry L. Charlton sold 40,243 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $486.84, for a total transaction of $19,591,902.12. Following the completion of the transaction, the senior vice president now directly owns 3,001 shares in the company, valued at $1,461,006.84. This trade represents a 93.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,178 shares of company stock valued at $45,897,071. Corporate insiders own 0.90% of the company’s stock.

Institutional Trading of Intuitive Surgical

Several large investors have recently added to or reduced their stakes in ISRG. Geode Capital Management LLC increased its position in Intuitive Surgical by 1.9% during the third quarter. Geode Capital Management LLC now owns 7,512,925 shares of the medical equipment provider’s stock worth $3,677,194,000 after buying an additional 143,440 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in Intuitive Surgical by 0.3% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 248,208 shares of the medical equipment provider’s stock worth $121,937,000 after purchasing an additional 861 shares during the last quarter. Clarity Asset Management Inc. bought a new position in shares of Intuitive Surgical in the third quarter valued at approximately $160,000. Brophy Wealth Management LLC bought a new stake in shares of Intuitive Surgical during the 3rd quarter worth $737,000. Finally, Conway Capital Management Inc. bought a new position in Intuitive Surgical in the 3rd quarter worth $2,245,000. 83.64% of the stock is owned by institutional investors.

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.