Intuitive Surgical, Inc. (ISRG) COO Salvatore Brogna Sells 2,090 Shares

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 equities research analysts recently issued reports on the company. Wells Fargo & Co upped their price target on Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a report on Wednesday, September 12th. Piper Jaffray Companies upgraded Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target for the company in a report on Tuesday, October 9th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 22nd. Raymond James upped their price target on Intuitive Surgical from $620.00 to $630.00 and gave the stock an “outperform” rating in a report on Friday, October 19th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $560.00 price target on shares of Intuitive Surgical in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and an average price target of $552.41.

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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