Intuitive Surgical, Inc. (ISRG) CEO Sells $16,847,428.25 in Stock
Intuitive Surgical, Inc. (NASDAQ:ISRG) CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the transaction, the chief executive officer now directly owns 101,798 shares in the company, valued at approximately $95,412,211.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.439% during trading on Friday, hitting $935.938. The company had a trading volume of 177,122 shares. Intuitive Surgical, Inc. has a 52-week low of $610.71 and a 52-week high of $974.66. The firm’s 50 day moving average is $937.07 and its 200-day moving average is $813.16. The stock has a market capitalization of $34.77 billion, a price-to-earnings ratio of 44.829 and a beta of 0.39.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating analysts’ consensus estimates of $5.79 by $0.16. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The firm had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same period in the previous year, the company earned $5.62 earnings per share. Intuitive Surgical’s quarterly revenue was up 12.8% compared to the same quarter last year. On average, equities analysts forecast that Intuitive Surgical, Inc. will post $23.86 earnings per share for the current year.
Large investors have recently made changes to their positions in the stock. D. Scott Neal Inc. bought a new stake in shares of Intuitive Surgical during the second quarter worth $120,000. Guardian Life Insurance Co. of America boosted its stake in shares of Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares during the period. Acropolis Investment Management LLC bought a new stake in shares of Intuitive Surgical during the first quarter worth $115,000. Parallel Advisors LLC boosted its stake in shares of Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares during the period. Finally, Huntington National Bank boosted its stake in shares of Intuitive Surgical by 14.1% in the first quarter. Huntington National Bank now owns 170 shares of the medical equipment provider’s stock worth $130,000 after buying an additional 21 shares during the period. 97.56% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently issued reports on ISRG. Royal Bank Of Canada reissued a “hold” rating and issued a $1,000.00 price objective on shares of Intuitive Surgical in a research note on Friday, July 21st. Stifel Nicolaus increased their price objective on Intuitive Surgical from $800.00 to $850.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Canaccord Genuity reissued a “buy” rating and issued a $870.00 price objective (up previously from $800.00) on shares of Intuitive Surgical in a research note on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) began coverage on Intuitive Surgical in a research note on Tuesday, May 16th. They issued a “buy” rating and a $1,000.00 price objective on the stock. Finally, Citigroup Inc. reissued a “buy” rating and issued a $1,078.00 price objective (up previously from $917.00) on shares of Intuitive Surgical in a research note on Monday. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $980.03.
Intuitive Surgical Company Profile
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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