Intuitive Surgical, Inc. (ISRG) Insider Craig H. Barratt Sells 7,500 Shares
Intuitive Surgical, Inc. (NASDAQ:ISRG) insider Craig H. Barratt sold 7,500 shares of the stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $381.00, for a total value of $2,857,500.00. Following the completion of the transaction, the insider now directly owns 7,500 shares in the company, valued at approximately $2,857,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Intuitive Surgical, Inc. (ISRG) traded up 0.02% during mid-day trading on Friday, hitting $372.45. The company had a trading volume of 481,246 shares. The company has a 50-day moving average price of $353.17 and a 200 day moving average price of $316.43. Intuitive Surgical, Inc. has a 12 month low of $203.57 and a 12 month high of $378.32. The firm has a market capitalization of $41.51 billion, a P/E ratio of 53.52 and a beta of 0.39.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.06 EPS. Equities analysts forecast that Intuitive Surgical, Inc. will post $8.67 EPS for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Intuitive Surgical, Inc. (ISRG) Insider Craig H. Barratt Sells 7,500 Shares” was posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/27/intuitive-surgical-inc-isrg-insider-craig-h-barratt-sells-7500-shares.html.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. raised its holdings in Intuitive Surgical by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 647 shares of the medical equipment provider’s stock worth $605,000 after purchasing an additional 2 shares during the period. Chilton Investment Co. LLC raised its holdings in shares of Intuitive Surgical by 0.4% during the second quarter. Chilton Investment Co. LLC now owns 502 shares of the medical equipment provider’s stock valued at $470,000 after acquiring an additional 2 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its holdings in shares of Intuitive Surgical by 0.5% during the second quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 370 shares of the medical equipment provider’s stock valued at $346,000 after acquiring an additional 2 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its holdings in shares of Intuitive Surgical by 1.4% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 284 shares of the medical equipment provider’s stock valued at $266,000 after acquiring an additional 4 shares during the last quarter. Finally, Wetherby Asset Management Inc. raised its holdings in shares of Intuitive Surgical by 1.4% during the second quarter. Wetherby Asset Management Inc. now owns 361 shares of the medical equipment provider’s stock valued at $338,000 after acquiring an additional 5 shares during the last quarter. 31.40% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the company. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Leerink Swann reissued an “outperform” rating on shares of Intuitive Surgical in a report on Wednesday, July 5th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $418.00 target price on the stock in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Five analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Intuitive Surgical currently has an average rating of “Buy” and an average price target of $154.72.
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.
Receive News & Ratings for Intuitive Surgical Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intuitive Surgical Inc. and related companies with MarketBeat.com's FREE daily email newsletter.