Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Marshall Mohr sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $525.00, for a total value of $3,937,500.00. Following the transaction, the vice president now directly owns 17,321 shares in the company, valued at $9,093,525. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
ISRG stock traded down $2.39 during midday trading on Friday, hitting $516.22. 649,790 shares of the company’s stock were exchanged, compared to its average volume of 1,127,556. Intuitive Surgical, Inc. has a 12-month low of $359.75 and a 12-month high of $581.12. The company has a market capitalization of $59.52 billion, a PE ratio of 71.80, a P/E/G ratio of 3.50 and a beta of 1.02.
Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.17. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The company had revenue of $920.90 million for the quarter, compared to the consensus estimate of $916.22 million. During the same period in the previous year, the business earned $2.77 EPS. Intuitive Surgical’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that Intuitive Surgical, Inc. will post 9.52 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ISRG. Adviser Investments LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $115,000. Signet Financial Management LLC bought a new stake in shares of Intuitive Surgical in the 2nd quarter valued at approximately $115,000. Arrow Financial Corp bought a new stake in shares of Intuitive Surgical in the 3rd quarter valued at approximately $115,000. JNBA Financial Advisors bought a new stake in shares of Intuitive Surgical in the 3rd quarter valued at approximately $115,000. Finally, Optimum Investment Advisors increased its holdings in shares of Intuitive Surgical by 189.9% in the 3rd quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock valued at $131,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.
Several equities analysts recently commented on the company. Wells Fargo & Co boosted their price target on Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 12th. Goldman Sachs Group boosted their price target on Intuitive Surgical from $540.00 to $630.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. Piper Jaffray Companies raised Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target on the stock in a research report on Tuesday, October 9th. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $582.00 price objective on the stock in a report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. Intuitive Surgical presently has a consensus rating of “Buy” and an average target price of $554.64.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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.
Featured Story: How is an ETF different from a mutual fund?
Receive News & Ratings for Intuitive Surgical Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical and related companies with MarketBeat.com's FREE daily email newsletter.