This morning we watched Intuitive Surgical drop -3.9% to a price of $584.86 per share. The Large-Cap Specialty Industrial Machinery company is now trading -6.25% below its average target price of $623.87. Analysts have set target prices ranging from $350.0 to $711.0 per share for Intuitive Surgical, and have given the stock an average rating of buy.
Intuitive Surgical's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.2%. The stock's short ratio is 3.39. The company's insiders own 0.52% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 89.3%. In conclusion, we believe there is mixed market sentiment regarding Intuitive Surgical.
Institutions Invested in Intuitive Surgical
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 31,851,605 | $18,628,729,233 |
| 2024-09-30 | Blackrock Inc. | 8% | 30,190,103 | $17,656,983,198 |
| 2024-09-30 | State Street Corporation | 4% | 15,050,121 | $8,802,213,547 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 4% | 14,595,436 | $8,536,286,485 |
| 2024-09-30 | FMR, LLC | 3% | 10,971,085 | $6,416,548,612 |
| 2024-09-30 | JP Morgan Chase & Company | 3% | 9,998,618 | $5,847,791,577 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 7,512,925 | $4,394,009,205 |
| 2024-09-30 | Capital World Investors | 2% | 7,414,450 | $4,336,415,118 |
| 2024-09-30 | Morgan Stanley | 2% | 5,581,412 | $3,264,344,540 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 2% | 5,388,903 | $3,151,753,729 |
