Marshall Mohr Sells 6,000 Shares of Intuitive Surgical, Inc. (ISRG) Stock

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.

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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.

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

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