Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath Sells 130 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath sold 130 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $500.60, for a total value of $65,078.00. Following the completion of the transaction, the vice president now owns 219 shares in the company, valued at approximately $109,631.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jamie Samath also recently made the following trade(s):

  • On Tuesday, April 23rd, Jamie Samath sold 260 shares of Intuitive Surgical stock. The stock was sold at an average price of $500.00, for a total value of $130,000.00.

NASDAQ:ISRG traded down $3.16 during trading hours on Tuesday, hitting $506.56. The company’s stock had a trading volume of 699,301 shares, compared to its average volume of 783,795. The firm has a market capitalization of $58.48 billion, a PE ratio of 53.38, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06. Intuitive Surgical, Inc. has a twelve month low of $430.24 and a twelve month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.70 by ($0.09). The business had revenue of $974.00 million during the quarter, compared to analyst estimates of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $2.44 earnings per share. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 9.4 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its stake in Intuitive Surgical by 31,963.6% in the fourth 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 in the last quarter. BlackRock Inc. boosted its stake in shares of Intuitive Surgical by 1.2% during the first quarter. BlackRock Inc. now owns 8,424,675 shares of the medical equipment provider’s stock valued at $4,806,951,000 after purchasing an additional 96,860 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Intuitive Surgical by 0.4% during the third quarter. Vanguard Group Inc now owns 8,313,421 shares of the medical equipment provider’s stock valued at $4,771,903,000 after purchasing an additional 29,260 shares in the last quarter. FMR LLC boosted its stake in shares of Intuitive Surgical by 7.3% during the first quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after purchasing an additional 462,957 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Intuitive Surgical by 37.4% during the first quarter. Jennison Associates LLC now owns 2,679,394 shares of the medical equipment provider’s stock valued at $1,528,809,000 after purchasing an additional 729,710 shares in the last quarter. 85.53% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently commented on the company. BidaskClub upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Tuesday. Piper Jaffray Companies upgraded Intuitive Surgical to an “overweight” rating and set a $610.00 price target on the stock in a research report on Wednesday, May 22nd. Citigroup decreased their price target on Intuitive Surgical from $611.00 to $575.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th. Zacks Investment Research cut Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Wednesday, April 24th. Finally, Raymond James decreased their price target on Intuitive Surgical from $630.00 to $610.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $576.82.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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