Salvatore Brogna Sells 1,306 Shares of Intuitive Surgical, Inc. (ISRG) Stock

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.

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

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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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