Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Salvatore Brogna sold 899 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $1,001.90, for a total transaction of $900,708.10. Following the completion of the transaction, the executive vice president now directly owns 570 shares of the company’s stock, valued at approximately $571,083. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Intuitive Surgical, Inc. (NASDAQ ISRG) opened at 1038.03 on Friday. The firm’s 50-day moving average is $984.34 and its 200-day moving average is $884.74. The company has a market capitalization of $38.56 billion, a P/E ratio of 49.72 and a beta of 0.38. Intuitive Surgical, Inc. has a 1-year low of $610.71 and a 1-year high of $1,054.77. Intuitive Surgical’s stock is scheduled to split on the morning of Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly created shares will be distributed to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.05. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The business had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same period last year, the firm posted $1.87 earnings per share. Intuitive Surgical’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts predict that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.
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Several equities research analysts recently commented on ISRG shares. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $345.00 price target on the stock in a research note on Thursday, June 8th. Stifel Nicolaus reissued a “buy” rating and set a $366.67 price objective (up previously from $283.33) on shares of Intuitive Surgical in a report on Saturday, July 22nd. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Finally, Royal Bank Of Canada upped their price target on shares of Intuitive Surgical from $266.67 to $316.67 and gave the company a “sector perform” rating in a report on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $366.12.
Institutional investors and hedge funds have recently modified their holdings of the company. Keybank National Association OH raised its position in shares of Intuitive Surgical by 26.7% during the second quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after acquiring an additional 279 shares during the last quarter. Brown Advisory Securities LLC raised its position in shares of Intuitive Surgical by 1.4% during the first quarter. Brown Advisory Securities LLC now owns 2,247 shares of the medical equipment provider’s stock worth $1,722,000 after acquiring an additional 31 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of Intuitive Surgical by 137.0% during the first quarter. Vident Investment Advisory LLC now owns 9,572 shares of the medical equipment provider’s stock worth $7,337,000 after acquiring an additional 5,534 shares during the last quarter. Swiss National Bank raised its position in shares of Intuitive Surgical by 0.3% during the second quarter. Swiss National Bank now owns 212,282 shares of the medical equipment provider’s stock worth $198,562,000 after acquiring an additional 600 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new position in shares of Intuitive Surgical during the first quarter worth about $9,596,000. Institutional investors own 94.23% of the company’s stock.
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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