Intuitive Surgical, Inc. (NASDAQ:ISRG) CFO Marshall Mohr sold 6,000 shares of Intuitive Surgical stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the completion of the transaction, the chief financial officer now owns 12,316 shares of the company’s stock, valued at approximately $4,584,261.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $389.15 on Friday. The company has a market capitalization of $43,603.48, a P/E ratio of 51.50, a price-to-earnings-growth ratio of 5.44 and a beta of 0.47. Intuitive Surgical, Inc. has a twelve month low of $203.57 and a twelve month high of $393.51.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, beating the consensus estimate of $1.99 by $0.78. The business had revenue of $806.10 million for the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.06 earnings per share. equities analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “Marshall Mohr Sells 6,000 Shares of Intuitive Surgical, Inc. (ISRG) Stock” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2017/11/12/intuitive-surgical-inc-isrg-cfo-sells-2233320-00-in-stock.html.
Large investors have recently made changes to their positions in the company. ETF Managers Group LLC bought a new position in shares of Intuitive Surgical during the second quarter valued at about $110,000. D. Scott Neal Inc. purchased a new stake in Intuitive Surgical in the second quarter worth about $120,000. Harvest Fund Management Co. Ltd purchased a new stake in Intuitive Surgical in the second quarter worth about $120,000. Parallel Advisors LLC lifted its holdings in Intuitive Surgical by 3.9% in the second quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock worth $149,000 after buying an additional 6 shares during the period. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Intuitive Surgical during the first quarter valued at approximately $190,000. 31.43% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the stock. BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. Citigroup Inc. reissued a “buy” rating and issued a $119.78 price objective (up from $101.89) on shares of Intuitive Surgical in a research note on Monday, July 24th. Stifel Nicolaus restated a “buy” rating and issued a $122.22 target price (up from $94.44) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $113.37 price objective on the stock in a report on Thursday, August 17th. Finally, Wedbush reissued a “buy” rating on shares of Intuitive Surgical in a research report on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Intuitive Surgical has an average rating of “Buy” and an average price target of $154.72.
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.
Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.