Intuitive Surgical, Inc. (NASDAQ:ISRG) SVP Mark J. Meltzer sold 6,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $397.14, for a total value of $2,382,840.00. Following the transaction, the senior vice president now owns 9,888 shares in the company, valued at approximately $3,926,920.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) traded down $1.90 during mid-day trading on Thursday, reaching $396.59. The company had a trading volume of 488,800 shares, compared to its average volume of 963,165. The company has a market capitalization of $44,649.93, a PE ratio of 52.73, a P/E/G ratio of 5.53 and a beta of 0.47. Intuitive Surgical, Inc. has a 52-week low of $203.57 and a 52-week high of $400.00.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 EPS for the quarter, topping the consensus estimate of $1.99 by $0.78. The firm 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 25.17% and a net margin of 36.91%. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $2.06 earnings per share. analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current fiscal year.

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Several research firms have recently weighed in on ISRG. Goldman Sachs Group Inc reissued a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $436.00 price objective for the company in a research report on Tuesday, November 14th. Barclays PLC reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Friday, October 20th. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $155.78.

A number of hedge funds have recently modified their holdings of ISRG. Edgewood Management LLC lifted its position in Intuitive Surgical by 200.7% in the third quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after purchasing an additional 1,934,382 shares during the period. Koch Industries Inc. lifted its position in Intuitive Surgical by 202,917.0% in the second quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after purchasing an additional 1,387,952 shares during the period. FMR LLC lifted its position in Intuitive Surgical by 19.6% in the second quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after purchasing an additional 447,397 shares during the period. Janus Henderson Group PLC lifted its position in Intuitive Surgical by 7,931.4% in the second quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock worth $385,532,000 after purchasing an additional 407,038 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Intuitive Surgical by 57.5% in the second quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock worth $287,252,000 after purchasing an additional 112,130 shares during the period. 32.95% of the stock is owned by hedge funds and other institutional investors.

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.

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

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