Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Michael A. Friedman sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $945.60, for a total transaction of $945,600.00. Following the sale, the director now owns 977 shares of the company’s stock, valued at $923,851.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down 0.45% during midday trading on Tuesday, reaching $944.92. 356,480 shares of the company’s stock were exchanged. The stock has a market cap of $35.10 billion, a P/E ratio of 45.26 and a beta of 0.39. The firm’s 50-day moving average is $935.86 and its 200 day moving average is $809.08. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $974.66.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.79 by $0.16. The company had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.62 earnings per share. Equities analysts anticipate that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $1,000.00 price objective on shares of Intuitive Surgical in a research note on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $1,070.00 price objective (up previously from $950.00) on shares of Intuitive Surgical in a research note on Tuesday. Zacks Investment Research raised shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $1,067.00 price objective for the company in a research note on Tuesday. Stifel Nicolaus raised their price objective on shares of Intuitive Surgical from $800.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $870.00 price objective (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $972.39.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Guardian Life Insurance Co. of America boosted its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares during the period. Acropolis Investment Management LLC bought a new position in Intuitive Surgical during the first quarter valued at $115,000. D. Scott Neal Inc. bought a new position in Intuitive Surgical during the second quarter valued at $120,000. Parallel Advisors LLC boosted its position in Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares during the period. Finally, Huntington National Bank boosted its position in Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock valued at $130,000 after buying an additional 21 shares during the period. Institutional investors own 97.56% of the company’s stock.
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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