Intuitive Surgical, Inc. (ISRG) Director Sells $121,509.00 in Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Lonnie M. Smith sold 225 shares of the business’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $540.04, for a total transaction of $121,509.00. Following the completion of the transaction, the director now owns 379,175 shares in the company, valued at $204,769,667. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ISRG stock traded down $6.35 during trading hours on Thursday, reaching $539.33. 42,199 shares of the company were exchanged, compared to its average volume of 1,093,480. Intuitive Surgical, Inc. has a fifty-two week low of $359.75 and a fifty-two week high of $581.12. The firm has a market capitalization of $59.35 billion, a price-to-earnings ratio of 75.09, a PEG ratio of 3.49 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.66 by $0.17. Intuitive Surgical had a net margin of 22.31% and a return on equity of 18.79%. The company had revenue of $920.90 million for the quarter, compared to analyst estimates of $916.22 million. During the same period in the prior year, the business earned $2.77 earnings per share. Intuitive Surgical’s quarterly revenue was up 14.0% on a year-over-year basis. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors Inc. lifted its position in shares of Intuitive Surgical by 38.3% during the third quarter. Piedmont Investment Advisors Inc. now owns 15,379 shares of the medical equipment provider’s stock worth $8,828,000 after purchasing an additional 4,256 shares in the last quarter. Hartford Investment Management Co. lifted its position in shares of Intuitive Surgical by 3.6% during the third quarter. Hartford Investment Management Co. now owns 14,480 shares of the medical equipment provider’s stock worth $8,312,000 after purchasing an additional 498 shares in the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of Intuitive Surgical during the third quarter worth approximately $321,000. Norinchukin Bank The lifted its holdings in Intuitive Surgical by 14.0% in the third quarter. Norinchukin Bank The now owns 14,631 shares of the medical equipment provider’s stock valued at $8,398,000 after buying an additional 1,795 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Intuitive Surgical by 42.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,751 shares of the medical equipment provider’s stock valued at $1,005,000 after buying an additional 524 shares during the period. Institutional investors own 84.16% of the company’s stock.

A number of research firms have commented on ISRG. Piper Jaffray Companies boosted their price target on shares of Intuitive Surgical from $613.00 to $625.00 and gave the company an “overweight” rating in a research report on Wednesday, October 31st. BTIG Research restated a “hold” rating on shares of Intuitive Surgical in a research report on Sunday, October 21st. Royal Bank of Canada restated a “hold” rating and issued a $560.00 price target on shares of Intuitive Surgical in a research report on Friday, October 19th. Raymond James boosted their price target on shares of Intuitive Surgical from $620.00 to $630.00 and gave the company an “outperform” rating in a research report on Friday, October 19th. Finally, Canaccord Genuity upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and boosted their price target for the company from $550.00 to $610.00 in a research report on Friday, October 19th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $554.64.

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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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