Intuitive Surgical, Inc. (ISRG) COO Salvatore Brogna Sells 6,082 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG) COO Salvatore Brogna sold 6,082 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $397.61, for a total transaction of $2,418,264.02. Following the completion of the sale, the chief operating officer now directly owns 3,096 shares in the company, valued at $1,231,000.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down $3.93 during mid-day trading on Friday, hitting $364.94. 528,285 shares of the stock traded hands, compared to its average volume of 958,141. Intuitive Surgical, Inc. has a 1-year low of $208.24 and a 1-year high of $405.05. The stock has a market cap of $41,331.07, a price-to-earnings ratio of 47.15, a P/E/G ratio of 5.12 and a beta of 0.48.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. The company had revenue of $806.10 million for the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. The business’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. equities analysts expect that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

Several research analysts have commented on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Intuitive Surgical in a report on Tuesday, September 5th. Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price target for the company in a research report on Tuesday, November 14th. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 12th. Finally, ValuEngine downgraded shares of Intuitive Surgical from a “hold” rating to a “sell” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $335.32.

Several hedge funds have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC acquired a new stake in shares of Intuitive Surgical during the third quarter worth approximately $80,533,000. AustralianSuper Pty Ltd boosted its holdings in Intuitive Surgical by 22.1% in the third quarter. AustralianSuper Pty Ltd now owns 88,500 shares of the medical equipment provider’s stock worth $92,560,000 after purchasing an additional 16,000 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in Intuitive Surgical by 6.1% in the third quarter. Parametric Portfolio Associates LLC now owns 103,781 shares of the medical equipment provider’s stock worth $108,542,000 after purchasing an additional 5,940 shares during the period. AXA boosted its holdings in Intuitive Surgical by 21.2% in the third quarter. AXA now owns 72,860 shares of the medical equipment provider’s stock worth $76,203,000 after purchasing an additional 12,737 shares during the period. Finally, Hikari Tsushin Inc. boosted its holdings in Intuitive Surgical by 200.0% in the third quarter. Hikari Tsushin Inc. now owns 11,340 shares of the medical equipment provider’s stock worth $3,953,000 after purchasing an additional 7,560 shares during the period. 32.80% of the stock is owned by institutional investors and hedge funds.

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About Intuitive Surgical

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.

Insider Buying and Selling by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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