Intuitive Surgical, Inc. (NASDAQ:ISRG) COO Salvatore Brogna sold 2,090 shares of the company’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $541.88, for a total value of $1,132,529.20. Following the sale, the chief operating officer now owns 2,049 shares of the company’s stock, valued at approximately $1,110,312.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ ISRG traded down $22.26 during trading on Tuesday, reaching $526.67. 34,317 shares of the stock traded hands, compared to its average volume of 717,196. Intuitive Surgical, Inc. has a 52-week low of $359.75 and a 52-week high of $581.12. The stock has a market capitalization of $60.63 billion, a PE ratio of 73.00, a P/E/G ratio of 3.84 and a beta of 1.03.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The firm had revenue of $920.90 million for the quarter, compared to analysts’ expectations of $916.22 million. During the same quarter in the prior year, the firm earned $2.77 EPS. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, research analysts forecast that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ISRG. Belpointe Asset Management LLC purchased a new stake in Intuitive Surgical during the 3rd quarter worth about $342,000. Vanguard Group Inc. lifted its holdings in Intuitive Surgical by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,313,421 shares of the medical equipment provider’s stock worth $4,771,903,000 after purchasing an additional 29,260 shares in the last quarter. Morgan Stanley lifted its holdings in Intuitive Surgical by 119.5% during the 3rd quarter. Morgan Stanley now owns 2,856,195 shares of the medical equipment provider’s stock worth $1,639,456,000 after purchasing an additional 1,554,896 shares in the last quarter. Rehmann Capital Advisory Group lifted its holdings in Intuitive Surgical by 55,900.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 183,680 shares of the medical equipment provider’s stock worth $320,000 after purchasing an additional 183,352 shares in the last quarter. Finally, Financial Enhancement Group LLC lifted its holdings in Intuitive Surgical by 33.2% during the 3rd quarter. Financial Enhancement Group LLC now owns 763 shares of the medical equipment provider’s stock worth $438,000 after purchasing an additional 190 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
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About Intuitive Surgical
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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