Insider Selling: Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Sells 1,709 Shares of Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Mark J. Rubash sold 1,709 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $380.00, for a total value of $649,420.00. Following the completion of the transaction, the director now owns 16,051 shares in the company, valued at approximately $6,099,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Intuitive Surgical Stock Up 1.5 %

Shares of NASDAQ ISRG opened at $388.65 on Wednesday. The business’s 50 day moving average is $385.34 and its two-hundred day moving average is $351.97. Intuitive Surgical, Inc. has a 52-week low of $254.85 and a 52-week high of $403.76. The firm has a market cap of $137.86 billion, a price-to-earnings ratio of 70.15, a PEG ratio of 4.93 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.10. Intuitive Surgical had a return on equity of 12.91% and a net margin of 27.16%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the business earned $1.00 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Analysts anticipate that Intuitive Surgical, Inc. will post 4.8 EPS for the current fiscal year.

Institutional Trading of Intuitive Surgical

Institutional investors and hedge funds have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC grew its holdings in shares of Intuitive Surgical by 6.4% in the third quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,479 shares of the medical equipment provider’s stock valued at $432,000 after purchasing an additional 89 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Intuitive Surgical by 0.9% in the third quarter. Brighton Jones LLC now owns 8,881 shares of the medical equipment provider’s stock worth $2,596,000 after acquiring an additional 79 shares in the last quarter. Strs Ohio increased its position in shares of Intuitive Surgical by 44.9% during the third quarter. Strs Ohio now owns 163,422 shares of the medical equipment provider’s stock worth $47,766,000 after acquiring an additional 50,650 shares during the period. AMF Tjanstepension AB raised its stake in shares of Intuitive Surgical by 637.3% in the third quarter. AMF Tjanstepension AB now owns 127,624 shares of the medical equipment provider’s stock valued at $37,303,000 after acquiring an additional 110,314 shares in the last quarter. Finally, IFM Investors Pty Ltd boosted its holdings in Intuitive Surgical by 3.6% in the third quarter. IFM Investors Pty Ltd now owns 74,314 shares of the medical equipment provider’s stock valued at $21,721,000 after purchasing an additional 2,588 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Stifel Nicolaus raised their price objective on Intuitive Surgical from $420.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 8th. Jefferies Financial Group boosted their price target on shares of Intuitive Surgical from $365.00 to $375.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Royal Bank of Canada increased their price objective on shares of Intuitive Surgical from $400.00 to $432.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. BTIG Research boosted their target price on Intuitive Surgical from $412.00 to $421.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company increased their price target on Intuitive Surgical from $363.00 to $416.00 and gave the company an “overweight” rating in a report on Friday, January 19th. Five investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Intuitive Surgical currently has a consensus rating of “Moderate Buy” and an average price target of $396.17.

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.