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 firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $397.61, for a total value of $2,418,264.02. Following the completion of the sale, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at approximately $1,231,000.56. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $369.95 on Tuesday. The stock has a market capitalization of $44,444.88, a price-to-earnings ratio of 52.49, a P/E/G ratio of 5.51 and a beta of 0.48. Intuitive Surgical, Inc. has a 52 week low of $203.57 and a 52 week high of $405.05.
Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analyst estimates of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the business posted $2.06 EPS. analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.
A number of research firms have recently weighed in on ISRG. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 price objective for the company. in a research report on Wednesday, August 16th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Canaccord Genuity reissued a “hold” rating on shares of Intuitive Surgical in a research report on Tuesday, October 17th. Wells Fargo & Company reissued a “buy” rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Finally, Zacks Investment Research cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Five analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Intuitive Surgical currently has an average rating of “Buy” and an average target price of $155.78.
A number of hedge funds have recently modified their holdings of ISRG. ETF Managers Group LLC purchased a new position in Intuitive Surgical in the 2nd quarter worth $110,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical in the 2nd quarter worth $120,000. Parallel Advisors LLC raised its stake in Intuitive Surgical by 3.9% in the 2nd quarter. Parallel Advisors LLC now owns 159 shares of the medical equipment provider’s stock worth $149,000 after acquiring an additional 6 shares during the last quarter. Lincoln National Corp purchased a new position in Intuitive Surgical in the 3rd quarter worth $200,000. Finally, MUFG Americas Holdings Corp purchased a new position in Intuitive Surgical in the 3rd quarter worth $208,000. Institutional investors own 32.81% of the company’s stock.
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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.
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