Insider Selling: Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Sells 130 Shares of Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath sold 130 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $500.60, for a total transaction of $65,078.00. Following the completion of the sale, the vice president now owns 219 shares in the company, valued at $109,631.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jamie Samath also recently made the following trade(s):

  • On Tuesday, April 23rd, Jamie Samath sold 260 shares of Intuitive Surgical stock. The stock was sold at an average price of $500.00, for a total transaction of $130,000.00.

NASDAQ:ISRG traded down $4.79 on Wednesday, reaching $501.77. The stock had a trading volume of 9,514 shares, compared to its average volume of 783,795. The firm has a market cap of $57.89 billion, a price-to-earnings ratio of 52.86, a price-to-earnings-growth ratio of 4.35 and a beta of 1.06. Intuitive Surgical, Inc. has a 12-month low of $430.24 and a 12-month high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 EPS for the quarter, missing the Zacks’ consensus estimate of $2.70 by ($0.09). Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The company had revenue of $974.00 million for the quarter, compared to analyst estimates of $975.27 million. During the same period in the prior year, the company earned $2.44 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. As a group, equities analysts predict that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Icon Wealth Partners LLC acquired a new position in shares of Intuitive Surgical during the 1st quarter valued at about $26,000. Oregon Public Employees Retirement Fund increased its stake in shares of Intuitive Surgical by 31,963.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 14,679,377 shares of the medical equipment provider’s stock valued at $31,000 after acquiring an additional 14,633,595 shares during the last quarter. Stone House Investment Management LLC acquired a new position in shares of Intuitive Surgical during the 1st quarter valued at about $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Intuitive Surgical during the 4th quarter valued at about $32,000. Finally, Advisory Alpha LLC acquired a new position in shares of Intuitive Surgical during the 1st quarter valued at about $32,000. 85.53% of the stock is owned by institutional investors.

Several equities research analysts recently commented on ISRG shares. Canaccord Genuity reiterated a “buy” rating and issued a $575.00 price objective (down from $610.00) on shares of Intuitive Surgical in a research report on Monday, April 22nd. Citigroup reduced their target price on shares of Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. BidaskClub upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday. Piper Jaffray Companies restated an “overweight” rating and issued a $610.00 target price on shares of Intuitive Surgical in a report on Thursday, April 18th. Finally, Royal Bank of Canada set a $560.00 target price on shares of Intuitive Surgical and gave the company a “hold” rating in a report on Thursday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $576.82.

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Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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

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