Intuitive Surgical, Inc. (NASDAQ:ISRG) COO Salvatore Brogna sold 12,368 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $580.81, for a total transaction of $7,183,458.08.
NASDAQ:ISRG opened at $585.57 on Friday. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $594.16. The firm’s fifty day simple moving average is $565.30 and its 200 day simple moving average is $525.83. The firm has a market capitalization of $67.68 billion, a PE ratio of 61.70, a PEG ratio of 4.44 and a beta of 1.13.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 17th. The medical equipment provider reported $3.43 EPS for the quarter, topping the consensus estimate of $2.99 by $0.44. The firm had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.06 billion. Intuitive Surgical had a net margin of 30.94% and a return on equity of 18.26%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.83 EPS. Equities analysts anticipate that Intuitive Surgical, Inc. will post 10.98 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. AE Wealth Management LLC bought a new stake in Intuitive Surgical during the 2nd quarter valued at approximately $639,000. BB&T Corp boosted its position in shares of Intuitive Surgical by 11.7% in the second quarter. BB&T Corp now owns 1,891 shares of the medical equipment provider’s stock valued at $992,000 after acquiring an additional 198 shares during the period. Texas Yale Capital Corp. bought a new stake in shares of Intuitive Surgical in the second quarter valued at approximately $275,000. Ballentine Partners LLC grew its stake in shares of Intuitive Surgical by 12.4% in the second quarter. Ballentine Partners LLC now owns 407 shares of the medical equipment provider’s stock worth $213,000 after acquiring an additional 45 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in shares of Intuitive Surgical in the second quarter worth $209,000. 85.59% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on ISRG. Raymond James raised their price target on shares of Intuitive Surgical from $610.00 to $625.00 and gave the company a “buy” rating in a report on Friday, October 18th. Piper Jaffray Companies set a $633.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, October 18th. BidaskClub raised shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Redburn Partners started coverage on Intuitive Surgical in a report on Friday, September 13th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada set a $570.00 price target on Intuitive Surgical and gave the stock a “hold” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $587.62.
Intuitive Surgical Company Profile
Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.
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