Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Lonnie M. Smith sold 227 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $493.39, for a total value of $111,999.53. Following the sale, the director now owns 359,696 shares of the company’s stock, valued at $177,470,409.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ:ISRG traded down $1.59 during trading hours on Friday, hitting $490.14. The company had a trading volume of 401,951 shares, compared to its average volume of 776,301. The stock has a market cap of $56.59 billion, a P/E ratio of 51.65, a PEG ratio of 4.27 and a beta of 1.02. Intuitive Surgical, Inc. has a 1 year low of $430.24 and a 1 year high of $589.32.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.09). The company had revenue of $974.00 million during the quarter, compared to analysts’ expectations of $975.27 million. Intuitive Surgical had a net margin of 29.78% and a return on equity of 17.33%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.44 earnings per share. Analysts predict that Intuitive Surgical, Inc. will post 9.4 EPS for the current year.
ISRG has been the subject of several research reports. Raymond James boosted their price target on Intuitive Surgical from $600.00 to $630.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 23rd. Deutsche Bank initiated coverage on Intuitive Surgical in a research report on Monday, April 1st. They set a “buy” rating and a $630.00 price target for the company. Stifel Nicolaus dropped their price target on Intuitive Surgical from $600.00 to $570.00 and set a “buy” rating for the company in a research report on Friday, January 25th. Finally, Royal Bank of Canada set a $560.00 price target on Intuitive Surgical and gave the stock a “hold” rating in a research report on Thursday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. Intuitive Surgical currently has an average rating of “Buy” and an average target price of $576.82.
A number of large investors have recently modified their holdings of the business. Horizon Investments LLC purchased a new stake in Intuitive Surgical in the 1st quarter valued at $269,000. Merit Financial Group LLC grew its holdings in Intuitive Surgical by 10.3% in the 1st quarter. Merit Financial Group LLC now owns 727 shares of the medical equipment provider’s stock valued at $414,000 after buying an additional 68 shares in the last quarter. Slow Capital Inc. grew its holdings in Intuitive Surgical by 4.3% in the 1st quarter. Slow Capital Inc. now owns 5,244 shares of the medical equipment provider’s stock valued at $2,992,000 after buying an additional 214 shares in the last quarter. FMR LLC grew its holdings in Intuitive Surgical by 7.3% in the 1st quarter. FMR LLC now owns 6,807,862 shares of the medical equipment provider’s stock valued at $3,884,429,000 after buying an additional 462,957 shares in the last quarter. Finally, CWM Advisors LLC grew its holdings in Intuitive Surgical by 37.2% in the 1st quarter. CWM Advisors LLC now owns 952 shares of the medical equipment provider’s stock valued at $543,000 after buying an additional 258 shares in the last quarter. Institutional investors own 84.85% of the company’s stock.
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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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