Intuitive Surgical (ISRG) slides 3% as investors refocus on recent safety and cybersecurity overhangs

Intuitive Surgical, Inc. (ISRG) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears tied to risk-off positioning around lingering headline risks for the company’s ecosystem, including a recent U.S. regulator safety communication involving certain stapler products used with da Vinci systems and a disclosed cybersecurity incident affecting internal administrative systems. With the stock’s premium valuation, incremental uncertainty can pressure shares even without a new earnings update.

Details:

A U.S. regulator highlighted an issue involving certain stapler and reload products used with compatible da Vinci systems; the communication described reports of serious injuries and a death tied to incomplete staple lines (as of February 23, 2026).

The company disclosed in March 2026 that it identified unauthorized access to part of its internal administrative network stemming from a targeted phishing event; it stated the incident did not impact its surgical systems.

Earlier 2026 trading has also been sensitive to the company’s updates on procedure growth and system placement trends, which can move expectations for recurring instruments and accessories revenue.

This could also reflect pre-earnings de-risking or broader med-tech sector rotation, as investors weigh near-term headline risk against longer-term procedure growth.

Sources:

FDA, Intuitive Surgical, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ISRG Insider Trading Activity

$ISRG insiders have traded $ISRG stock on the open market 47 times in the past 6 months. Of those trades, 0 have been purchases and 47 have been sales.

Here’s a breakdown of recent trading of $ISRG stock by insiders over the last 6 months:

GARY S GUTHART has made 0 purchases and 7 sales selling 81,706 shares for an estimated $44,794,586.
DAVID J. ROSA (Chief Executive Officer (CEO)) sold 24,500 shares for an estimated $13,414,979
MYRIAM CURET (EVP & Chief Medical Officer) has made 0 purchases and 16 sales selling 16,206 shares for an estimated $8,440,205.
HENRY L CHARLTON (EVP & Chief Commercial and Mkt) has made 0 purchases and 5 sales selling 13,731 shares for an estimated $7,963,980.
MARK BROSIUS (SVP & Chief Mfg and Supply Cha) has made 0 purchases and 8 sales selling 10,379 shares for an estimated $5,417,654.
BRIAN EDWARD MILLER (EVP & Chief Digital Officer) has made 0 purchases and 2 sales selling 3,500 shares for an estimated $2,012,500.
CRAIG H BARRATT has made 0 purchases and 2 sales selling 2,943 shares for an estimated $1,636,785.
FREDRIK WIDMAN (VP Corporate Controller) has made 0 purchases and 5 sales selling 2,567 shares for an estimated $1,384,594.
PATRICIA L WADORS (SVP Chief Human Resources Offi) sold 220 shares for an estimated $109,936

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ISRG Hedge Fund Activity

We have seen 1,219 institutional investors add shares of $ISRG stock to their portfolio, and 860 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 9,726,221 shares (-76.8%) from their portfolio in Q4 2025, for an estimated $5,508,542,525
J. STERN & CO. LLP added 2,115,814 shares (+18504.6%) to their portfolio in Q4 2025, for an estimated $1,198,312,417
FMR LLC added 1,577,557 shares (+31.6%) to their portfolio in Q4 2025, for an estimated $893,465,182
MILLENNIUM MANAGEMENT LLC added 1,225,985 shares (+469.8%) to their portfolio in Q4 2025, for an estimated $694,348,864
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added 1,224,734 shares (+1043.3%) to their portfolio in Q4 2025, for an estimated $693,640,348
BLACKROCK, INC. removed 1,027,783 shares (-3.3%) from their portfolio in Q4 2025, for an estimated $582,095,179
AMUNDI removed 992,212 shares (-30.7%) from their portfolio in Q4 2025, for an estimated $561,949,188

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ISRG Government Contracts

We have seen $1,454,955 of award payments to $ISRG over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

8511346118!DAVINCI MAINTENANCE - 4TH QTR: $512,000
INTUITIVE DAVINCI ROBOT MAINTENANCE SERVICE: $172,000
8511328358!MEDICAL CAPITAL EQUIPMENT - I: $154,000
4568072410!HOT SHEARS (MONOPOLAR CURVED SCISSORS) -: $55,900
4568117264!HOT SHEARS (MONOPOLAR CURVED SCISSORS) -: $52,680

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$ISRG Congressional Stock Trading

Members of Congress have traded $ISRG stock 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $ISRG stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 3 times. They made 3 purchases worth up to $45,000 on 01/30, 12/10, 11/18 and 0 sales.
SENATOR MARKWAYNE MULLIN purchased up to $50,000 on 12/29.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$ISRG Analyst Ratings

Wall Street analysts have issued reports on $ISRG in the last several months. We have seen 6 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

BTIG issued a "Buy" rating on 01/23/2026
Truist Securities issued a "Buy" rating on 12/18/2025
RBC Capital issued a "Outperform" rating on 12/17/2025
Wells Fargo issued a "Overweight" rating on 10/22/2025
Raymond James issued a "Outperform" rating on 10/22/2025
Piper Sandler issued a "Overweight" rating on 10/22/2025

To track analyst ratings and price targets for $ISRG, check out Quiver Quantitative's $ISRG forecast page.

$ISRG Price Targets

Multiple analysts have issued price targets for $ISRG recently. We have seen 16 analysts offer price targets for $ISRG in the last 6 months, with a median target of $606.0.

Here are some recent targets:

Richard Newitter from Truist Securities set a target price of $580.0 on 04/15/2026
Anthony Petrone from Mizuho set a target price of $525.0 on 04/13/2026
Ryan Zimmerman from BTIG set a target price of $616.0 on 04/10/2026
David Roman from Goldman Sachs set a target price of $609.0 on 04/09/2026
Vijay Kumar from Evercore ISI Group set a target price of $480.0 on 04/06/2026
Andre Salles from UBS set a target price of $550.0 on 03/17/2026
Joanne Wuensch from Citigroup set a target price of $590.0 on 03/11/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.