Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Michael A. Friedman sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $945.60, for a total value of $945,600.00. Following the sale, the director now owns 977 shares in the company, valued at approximately $923,851.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Intuitive Surgical, Inc. (ISRG) opened at 931.85 on Friday. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66. The company has a market capitalization of $34.62 billion, a PE ratio of 44.63 and a beta of 0.39. The firm’s 50-day moving average price is $937.07 and its 200 day moving average price is $813.16.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 EPS for the quarter, topping the Zacks’ consensus estimate of $5.79 by $0.16. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The company’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the company posted $5.62 earnings per share. On average, equities analysts forecast that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
A number of research firms have weighed in on ISRG. Canaccord Genuity restated a “hold” rating and set a $1,000.00 price target (up previously from $870.00) on shares of Intuitive Surgical in a research report on Wednesday. Royal Bank Of Canada raised their price target on Intuitive Surgical from $800.00 to $950.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 18th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Monday. Morgan Stanley restated an “overweight” rating and set a $1,070.00 price target (up previously from $950.00) on shares of Intuitive Surgical in a research report on Tuesday. Finally, Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $1,067.00 price target on the stock in a research report on Tuesday. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $980.03.
Several institutional investors have recently modified their holdings of ISRG. National Pension Service raised its position in shares of Intuitive Surgical by 2.9% in the first quarter. National Pension Service now owns 29,512 shares of the medical equipment provider’s stock worth $22,614,000 after buying an additional 837 shares during the period. Dynamic Advisors Solutions LLC raised its position in shares of Intuitive Surgical by 0.6% in the first quarter. Dynamic Advisors Solutions LLC now owns 905 shares of the medical equipment provider’s stock worth $694,000 after buying an additional 5 shares during the period. Gulf International Bank UK Ltd raised its position in shares of Intuitive Surgical by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 12,065 shares of the medical equipment provider’s stock worth $9,247,000 after buying an additional 250 shares during the period. Forte Capital LLC ADV raised its position in shares of Intuitive Surgical by 10.6% in the first quarter. Forte Capital LLC ADV now owns 2,562 shares of the medical equipment provider’s stock worth $1,964,000 after buying an additional 245 shares during the period. Finally, Acropolis Investment Management LLC bought a new position in shares of Intuitive Surgical during the first quarter worth approximately $115,000. 97.56% of the stock is currently owned by institutional investors and hedge funds.
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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