Lonnie M. Smith Sells 580 Shares of Intuitive Surgical, Inc. (ISRG) Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Lonnie M. Smith sold 580 shares of Intuitive Surgical stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $386.76, for a total value of $224,320.80. Following the completion of the transaction, the director now owns 559,410 shares in the company, valued at approximately $216,357,411.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Intuitive Surgical, Inc. (ISRG) traded up $2.73 during trading on Thursday, reaching $392.42. The company’s stock had a trading volume of 133,416 shares, compared to its average volume of 830,902. The company has a market cap of $43,970.00, a PE ratio of 51.74, a price-to-earnings-growth ratio of 5.43 and a beta of 0.46. Intuitive Surgical, Inc. has a fifty-two week low of $203.57 and a fifty-two week high of $1,094.55.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.06 EPS. research analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.

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Institutional investors have recently bought and sold shares of the business. ETF Managers Group LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter worth approximately $110,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical in the 2nd quarter worth approximately $120,000. Parallel Advisors LLC raised its holdings in Intuitive Surgical by 3.9% in the 2nd 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 last quarter. Lincoln National Corp purchased a new position in Intuitive Surgical in the 3rd quarter worth approximately $200,000. Finally, MUFG Americas Holdings Corp purchased a new position in Intuitive Surgical in the 3rd quarter worth approximately $208,000. 31.30% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently commented on ISRG shares. Wedbush reiterated a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Barclays PLC reiterated an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Morgan Stanley reiterated an “overweight” rating and issued a $118.89 price objective (up previously from $105.56) on shares of Intuitive Surgical in a report on Tuesday, July 25th. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Monday. Finally, Vetr raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.59 target price on the stock in a research note on Monday, August 28th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $155.78.

Intuitive Surgical Company Profile

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.

Insider Buying and Selling by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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