Intuitive Surgical, Inc. (ISRG) CEO Sells $14,652,271.44 in Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) CEO Gary S. Guthart sold 28,152 shares of Intuitive Surgical stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $520.47, for a total value of $14,652,271.44. Following the transaction, the chief executive officer now owns 379,452 shares of the company’s stock, valued at $197,493,382.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of ISRG opened at $509.36 on Friday. The firm has a market capitalization of $59.76 billion, a price-to-earnings ratio of 53.67, a price-to-earnings-growth ratio of 3.96 and a beta of 1.12. Intuitive Surgical, Inc. has a fifty-two week low of $380.00 and a fifty-two week high of $581.12.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.07 by ($0.11). The business had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. Intuitive Surgical had a net margin of 30.29% and a return on equity of 18.11%. The company’s revenue was up 17.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.54 earnings per share. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 10.07 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Oregon Public Employees Retirement Fund grew its stake in shares of Intuitive Surgical by 31,963.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after buying an additional 14,633,595 shares during the period. Athena Capital Advisors LLC purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at $33,000. Financial Advantage Inc. purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at $36,000. Moody National Bank Trust Division purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at $38,000. Finally, Exane Derivatives purchased a new stake in shares of Intuitive Surgical during the 4th quarter valued at $39,000. Institutional investors own 84.16% of the company’s stock.

Several brokerages recently issued reports on ISRG. Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Wednesday, November 21st. ValuEngine downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday, December 7th. Piper Jaffray Companies lifted their price objective on Intuitive Surgical to $613.00 and gave the stock an “overweight” rating in a research report on Friday, October 19th. Canaccord Genuity upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $550.00 to $610.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. Finally, Royal Bank of Canada restated a “hold” rating and set a $560.00 price objective on shares of Intuitive Surgical in a research report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $566.40.

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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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