Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Salvatore Brogna sold 1,306 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $915.09, for a total value of $1,195,107.54. Following the completion of the transaction, the executive vice president now directly owns 977 shares of the company’s stock, valued at $894,042.93. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.55% during trading on Tuesday, hitting $941.53. The stock had a trading volume of 168,385 shares. The stock has a 50-day moving average of $885.92 and a 200 day moving average of $755.57. The firm has a market cap of $34.69 billion, a price-to-earnings ratio of 47.46 and a beta of 0.41. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $948.98.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, April 18th. The medical equipment provider reported $5.09 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $1.12. The business had revenue of $674.20 million for the quarter, compared to analyst estimates of $664.72 million. Intuitive Surgical had a return on equity of 15.41% and a net margin of 27.99%. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $4.42 earnings per share. On average, analysts predict that Intuitive Surgical, Inc. will post $23.64 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of ISRG. Skandinaviska Enskilda Banken AB publ increased its stake in Intuitive Surgical by 1.4% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 6,133 shares of the medical equipment provider’s stock worth $4,701,000 after buying an additional 87 shares during the period. Public Employees Retirement System of Ohio increased its stake in Intuitive Surgical by 11.7% in the first quarter. Public Employees Retirement System of Ohio now owns 37,178 shares of the medical equipment provider’s stock worth $28,496,000 after buying an additional 3,889 shares during the period. Achmea Investment Management B.V. purchased a new stake in Intuitive Surgical during the first quarter worth $2,235,000. Bank of Nova Scotia increased its stake in Intuitive Surgical by 2.6% in the first quarter. Bank of Nova Scotia now owns 878 shares of the medical equipment provider’s stock worth $673,000 after buying an additional 22 shares during the period. Finally, Hutchens Investment Management Inc purchased a new stake in Intuitive Surgical during the first quarter worth $1,885,000. Institutional investors and hedge funds own 97.56% of the company’s stock.
A number of analysts have issued reports on ISRG shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $800.00 target price on shares of Intuitive Surgical in a research note on Friday, March 24th. Royal Bank Of Canada raised their target price on Intuitive Surgical from $720.00 to $770.00 and gave the stock a “sector perform” rating in a research note on Monday, April 17th. Barclays PLC reiterated a “buy” rating and set a $800.00 price target on shares of Intuitive Surgical in a report on Sunday, March 26th. Leerink Swann reiterated an “outperform” rating and set a $850.00 price target (up from $840.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Finally, Morgan Stanley set a $950.00 price target on Intuitive Surgical and gave the stock an “overweight” rating in a report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $856.69.
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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