Intuitive Surgical (NASDAQ:ISRG) EVP Sells $122,500.30 in Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Myriam Curet sold 230 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $532.61, for a total transaction of $122,500.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Myriam Curet also recently made the following trade(s):

• On Thursday, January 29th, Myriam Curet sold 126 shares of Intuitive Surgical stock. The shares were sold at an average price of $520.02, for a total transaction of $65,522.52.
• On Wednesday, December 10th, Myriam Curet sold 104 shares of Intuitive Surgical stock. The stock was sold at an average price of $559.90, for a total value of $58,229.60.
• On Monday, November 10th, Myriam Curet sold 105 shares of Intuitive Surgical stock. The stock was sold at an average price of $560.00, for a total value of $58,800.00.

Intuitive Surgical Stock Performance

Shares of ISRG stock opened at $504.22 on Friday. The stock has a fifty day moving average price of $558.64 and a 200 day moving average price of $511.63. The stock has a market cap of $180.75 billion, a PE ratio of 63.91, a P/E/G ratio of 3.92 and a beta of 1.67. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $609.08.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.27 by $0.26. The company had revenue of $2.87 billion for the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a return on equity of 15.06% and a net margin of 28.38%.Intuitive Surgical’s revenue was up 18.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.21 earnings per share. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ISRG has been the topic of several research reports. TD Cowen upgraded shares of Intuitive Surgical to a “strong-buy” rating in a research report on Tuesday. Royal Bank Of Canada upped their target price on Intuitive Surgical from $625.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, December 17th. Jefferies Financial Group raised their price target on Intuitive Surgical from $550.00 to $560.00 and gave the stock a “hold” rating in a research report on Wednesday, October 22nd. Robert W. Baird cut their price target on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating for the company in a report on Friday, January 23rd. Finally, HSBC increased their price objective on Intuitive Surgical from $644.00 to $653.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Intuitive Surgical has a consensus rating of “Moderate Buy” and an average price target of $620.41.

Hedge Funds Weigh In On Intuitive Surgical

Large investors have recently added to or reduced their stakes in the business. Tobam boosted its position in shares of Intuitive Surgical by 666.7% in the second quarter. Tobam now owns 46 shares of the medical equipment provider’s stock worth $25,000 after acquiring an additional 40 shares during the last quarter. Holos Integrated Wealth LLC purchased a new position in Intuitive Surgical during the fourth quarter worth approximately $25,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Intuitive Surgical by 300.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 44 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 33 shares during the last quarter. Kilter Group LLC purchased a new stake in shares of Intuitive Surgical during the 2nd quarter valued at $27,000. Finally, Greykasell Wealth Strategies Inc. acquired a new stake in shares of Intuitive Surgical during the 3rd quarter worth $27,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.