Insider Selling: Intuitive Surgical, Inc. (ISRG) VP Sells $3,201,000.00 in Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath sold 4,268 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $750.00, for a total value of $3,201,000.00. Following the transaction, the vice president now directly owns 896 shares of the company’s stock, valued at approximately $672,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at 750.03 on Tuesday. The firm has a 50-day moving average price of $722.82 and a 200 day moving average price of $682.63. Intuitive Surgical, Inc. has a 52 week low of $562.60 and a 52 week high of $755.55. The stock has a market cap of $29.09 billion, a price-to-earnings ratio of 40.04 and a beta of 0.55.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings data on Tuesday, January 24th. The company reported $6.09 EPS for the quarter, topping the consensus estimate of $5.99 by $0.10. Intuitive Surgical had a return on equity of 14.24% and a net margin of 27.21%. The firm had revenue of $757 million for the quarter, compared to the consensus estimate of $739.65 million. During the same quarter last year, the company earned $5.89 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, analysts forecast that Intuitive Surgical, Inc. will post $23.49 EPS for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gerstein Fisher increased its position in Intuitive Surgical by 0.4% in the third quarter. Gerstein Fisher now owns 1,119 shares of the company’s stock valued at $811,000 after buying an additional 4 shares during the period. Atria Investments LLC increased its position in Intuitive Surgical by 1.3% in the third quarter. Atria Investments LLC now owns 462 shares of the company’s stock valued at $335,000 after buying an additional 6 shares during the period. Rothschild Asset Management Inc. increased its position in Intuitive Surgical by 1.1% in the third quarter. Rothschild Asset Management Inc. now owns 847 shares of the company’s stock valued at $614,000 after buying an additional 9 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its position in Intuitive Surgical by 0.3% in the third quarter. Sumitomo Mitsui Asset Management Company LTD now owns 2,893 shares of the company’s stock valued at $2,096,000 after buying an additional 9 shares during the period. Finally, Bradley Foster & Sargent Inc. CT increased its position in Intuitive Surgical by 0.7% in the third quarter. Bradley Foster & Sargent Inc. CT now owns 1,453 shares of the company’s stock valued at $1,053,000 after buying an additional 10 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently commented on ISRG shares. Zacks Investment Research lowered Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Wednesday, December 21st. Bank of America Corp set a $800.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a report on Tuesday, February 14th. Canaccord Genuity reissued a “buy” rating on shares of Intuitive Surgical in a report on Wednesday, January 25th. Wedbush reissued an “outperform” rating and set a $800.00 price objective on shares of Intuitive Surgical in a report on Saturday, January 14th. Finally, Evercore ISI lowered Intuitive Surgical from a “buy” rating to a “hold” rating and set a $690.00 price objective for the company. in a report on Wednesday, January 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company. Intuitive Surgical currently has a consensus rating of “Buy” and an average price target of $733.43.

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.

5 Day Chart for NASDAQ:ISRG

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