Intuitive Surgical (NASDAQ:ISRG) Posts Quarterly Earnings Results, Beats Estimates By $0.10 EPS

Intuitive Surgical (NASDAQ:ISRG) released its quarterly earnings data on Thursday. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.10, Briefing.com reports. Intuitive Surgical had a return on equity of 13.11% and a net margin of 25.24%. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year.

Intuitive Surgical Stock Down 0.4 %

Shares of NASDAQ ISRG traded down $1.54 during mid-day trading on Thursday, hitting $372.63. 2,272,280 shares of the company traded hands, compared to its average volume of 1,644,402. Intuitive Surgical has a 1 year low of $254.85 and a 1 year high of $403.76. The stock has a market capitalization of $132.08 billion, a price-to-earnings ratio of 74.39, a PEG ratio of 5.88 and a beta of 1.36. The business has a 50 day moving average of $387.56 and a two-hundred day moving average of $342.39.

Analyst Ratings Changes

A number of research firms recently issued reports on ISRG. Stifel Nicolaus boosted their price objective on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Barclays boosted their price objective on Intuitive Surgical from $385.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, January 25th. Citigroup boosted their price objective on Intuitive Surgical from $428.00 to $462.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Raymond James lifted their target price on Intuitive Surgical from $372.00 to $435.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Piper Sandler lifted their target price on Intuitive Surgical from $325.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $375.70.

Insider Activity

In other news, EVP Myriam Curet sold 4,318 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $370.15, for a total transaction of $1,598,307.70. Following the completion of the sale, the executive vice president now directly owns 189 shares of the company’s stock, valued at $69,958.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Myriam Curet sold 4,318 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $370.15, for a total transaction of $1,598,307.70. Following the completion of the sale, the executive vice president now directly owns 189 shares of the company’s stock, valued at $69,958.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alan J. Levy sold 2,000 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $370.20, for a total value of $740,400.00. Following the sale, the director now directly owns 25,319 shares of the company’s stock, valued at $9,373,093.80. The disclosure for this sale can be found here. Insiders sold a total of 248,418 shares of company stock valued at $95,927,097 over the last three months. Insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. O Dell Group LLC acquired a new position in Intuitive Surgical during the fourth quarter valued at $30,000. PCA Investment Advisory Services Inc. acquired a new position in Intuitive Surgical during the second quarter valued at $35,000. Healthcare of Ontario Pension Plan Trust Fund raised its position in Intuitive Surgical by 176.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116 shares of the medical equipment provider’s stock valued at $39,000 after buying an additional 74 shares during the period. Cornerstone Planning Group LLC acquired a new position in Intuitive Surgical during the second quarter valued at $51,000. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Intuitive Surgical during the first quarter valued at $39,000. 83.64% of the stock is owned by institutional investors and hedge funds.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.