Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP David J. Rosa sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $750.00, for a total transaction of $3,750,000.00. Following the completion of the sale, the executive vice president now owns 8,222 shares in the company, valued at $6,166,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 750.03 on Tuesday. The firm has a market cap of $29.09 billion, a price-to-earnings ratio of 40.04 and a beta of 0.55. Intuitive Surgical, Inc. has a 12 month low of $562.60 and a 12 month high of $755.55. The company’s 50-day moving average is $722.82 and its 200-day moving average is $682.63.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Tuesday, January 24th. The company reported $6.09 EPS for the quarter, topping analysts’ consensus estimates of $5.99 by $0.10. Intuitive Surgical had a net margin of 27.21% and a return on equity of 14.24%. The company had revenue of $757 million for the quarter, compared to the consensus estimate of $739.65 million. During the same period in the previous year, the firm earned $5.89 EPS. Intuitive Surgical’s revenue was up 11.9% on a year-over-year basis. On average, equities research analysts forecast that Intuitive Surgical, Inc. will post $23.49 earnings per share for the current fiscal year.
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Several hedge funds have recently added to or reduced their stakes in ISRG. Strs Ohio increased its position in shares of Intuitive Surgical by 77.1% in the third quarter. Strs Ohio now owns 84,843 shares of the company’s stock valued at $61,496,000 after buying an additional 36,948 shares in the last quarter. BlackRock Inc. increased its position in shares of Intuitive Surgical by 12.4% in the third quarter. BlackRock Inc. now owns 96,379 shares of the company’s stock valued at $69,859,000 after buying an additional 10,613 shares in the last quarter. Rhumbline Advisers increased its position in shares of Intuitive Surgical by 4.3% in the third quarter. Rhumbline Advisers now owns 69,400 shares of the company’s stock valued at $50,303,000 after buying an additional 2,845 shares in the last quarter. BlackRock Fund Advisors increased its position in shares of Intuitive Surgical by 3.2% in the third quarter. BlackRock Fund Advisors now owns 858,396 shares of the company’s stock valued at $622,191,000 after buying an additional 26,426 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Intuitive Surgical by 19.6% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 124,554 shares of the company’s stock valued at $90,280,000 after buying an additional 20,438 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.
Several analysts have recently commented on the stock. Bank of America Corp set a $800.00 price target on shares of Intuitive Surgical and gave the company a “buy” rating in a research report on Tuesday, February 14th. Canaccord Genuity reiterated a “buy” rating on shares of Intuitive Surgical in a research report on Wednesday, January 25th. Zacks Investment Research lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Wedbush reiterated an “outperform” rating and issued a $800.00 price target on shares of Intuitive Surgical in a research report on Saturday, January 14th. Finally, Evercore ISI lowered shares of Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 price target on the stock. in a research report on Wednesday, January 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and a consensus target price of $733.43.
About Intuitive Surgical
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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