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.
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.
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