Intuitive Surgical, Inc. (NASDAQ:ISRG) CFO Marshall Mohr sold 6,000 shares of the company’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $372.22, for a total value of $2,233,320.00. Following the completion of the transaction, the chief financial officer now directly owns 12,316 shares in the company, valued at approximately $4,584,261.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Intuitive Surgical, Inc. (ISRG) opened at 375.36 on Wednesday. Intuitive Surgical, Inc. has a 1-year low of $203.57 and a 1-year high of $1,094.55. The stock has a 50 day moving average of $356.38 and a 200-day moving average of $319.86. The firm has a market capitalization of $41.83 billion, a P/E ratio of 53.94 and a beta of 0.39.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping analysts’ consensus estimates of $1.99 by $0.78. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The business had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. During the same period last year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities research analysts anticipate that Intuitive Surgical, Inc. will post $8.67 earnings per share for the current year.
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Large investors have recently modified their holdings of the stock. ETF Managers Group LLC acquired a new stake in shares of Intuitive Surgical during the second quarter worth $110,000. D. Scott Neal Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter worth $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Intuitive Surgical during the second quarter worth $120,000. Parallel Advisors LLC raised its holdings in shares of Intuitive Surgical by 3.9% during the second quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock worth $149,000 after acquiring an additional 6 shares during the period. Finally, Lincoln National Corp acquired a new stake in shares of Intuitive Surgical during the third quarter worth $200,000. Institutional investors and hedge funds own 31.40% of the company’s stock.
Several research analysts have issued reports on ISRG shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $122.22 price target (up previously from $94.44) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Leerink Swann reaffirmed an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Wedbush reaffirmed an “outperform” rating and issued a $353.33 price target on shares of Intuitive Surgical in a report on Monday, September 25th. Barclays PLC reaffirmed an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and a consensus price target of $154.72.
About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s hand movements, which are performed on instrument controls at a console, into corresponding micro-movements of instruments positioned inside the patient through small incisions or ports.
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