Fintel reports that on July 24, 2023, Morgan Stanley maintained coverage of Intuitive Surgical (NASDAQ:ISRG) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 4.63% Downside
As of July 6, 2023, the average one-year price target for Intuitive Surgical is 321.09. The forecasts range from a low of 272.70 to a high of $383.25. The average price target represents a decrease of 4.63% from its latest reported closing price of 336.66.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Intuitive Surgical is 7,158MM, an increase of 7.40%. The projected annual non-GAAP EPS is 5.57.
What is the Fund Sentiment?
There are 2551 funds or institutions reporting positions in Intuitive Surgical. This is an increase of 49 owner(s) or 1.96% in the last quarter. Average portfolio weight of all funds dedicated to ISRG is 0.53%, a decrease of 2.57%. Total shares owned by institutions increased in the last three months by 185.77% to 980,563K shares. 
The put/call ratio of ISRG is 0.87, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 20,424K shares representing 5.83% ownership of the company. In it's prior filing, the firm reported owning 20,875K shares, representing a decrease of 2.21%. The firm decreased its portfolio allocation in ISRG by 12.34% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 10,850K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 10,745K shares, representing an increase of 0.97%. The firm decreased its portfolio allocation in ISRG by 10.23% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 8,176K shares representing 2.33% ownership of the company. In it's prior filing, the firm reported owning 8,169K shares, representing an increase of 0.08%. The firm decreased its portfolio allocation in ISRG by 10.64% over the last quarter.
Capital World Investors holds 7,471K shares representing 2.13% ownership of the company. In it's prior filing, the firm reported owning 7,436K shares, representing an increase of 0.46%. The firm decreased its portfolio allocation in ISRG by 6.22% over the last quarter.
Bank of New York Mellon holds 7,264K shares representing 2.07% ownership of the company. In it's prior filing, the firm reported owning 7,597K shares, representing a decrease of 4.59%. The firm decreased its portfolio allocation in ISRG by 89.85% over the last quarter.
Intuitive Surgical Background Information
(This description is provided by the company.)
Intuitive, headquartered in Sunnyvale, California, is a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery. Intuitive believes that minimally invasive care is life-enhancing care. Through ingenuity and intelligent technology, it expands the potential of physicians to heal without constraints.
Additional reading:
- INTUITIVE ANNOUNCES SECOND QUARTER EARNINGS
- INTUITIVE ANNOUNCES EXECUTIVE LEADERSHIP CHANGES Dave Rosa named President; Gary Guthart remains Chief Executive Officer
- INTUITIVE ANNOUNCES FIRST QUARTER EARNINGS
- Form of Amended and Restated Intuitive Surgical, Inc. 2010 Incentive Award Plan Global Restricted Stock Unit Grant Notice.
- Form of Amended and Restated Intuitive Surgical, Inc. 2010 Incentive Award Plan Global Performance Stock Unit Grant Notice
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
