Intuitive Surgical, Inc. (ISRG) Director Keith R. Leonard Sells 854 Shares
Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Keith R. Leonard sold 854 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $1,000.00, for a total transaction of $854,000.00. Following the transaction, the director now owns 754 shares in the company, valued at approximately $754,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Intuitive Surgical, Inc. (NASDAQ ISRG) traded up 0.18% on Friday, reaching $1006.45. 107,396 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $959.20 and a 200 day moving average price of $862.72. The stock has a market cap of $37.39 billion, a price-to-earnings ratio of 48.21 and a beta of 0.39. Intuitive Surgical, Inc. has a 12-month low of $610.71 and a 12-month high of $1,008.62. Intuitive Surgical’s stock is scheduled to split before the market opens on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly issued shares will be distributed to shareholders after the market closes on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $1.98 EPS for the quarter, beating the consensus estimate of $1.93 by $0.05. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business had revenue of $756.20 million during the quarter, compared to analysts’ expectations of $724.51 million. During the same period in the previous year, the business posted $1.87 EPS. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Analysts forecast that Intuitive Surgical, Inc. will post $23.92 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Guardian Life Insurance Co. of America boosted its stake in shares of Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares during the last quarter. ETF Managers Group LLC acquired a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $110,000. D. Scott Neal Inc. acquired a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $120,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $120,000. Finally, Parallel Advisors LLC boosted its stake in shares of Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares during the last quarter. Institutional investors and hedge funds own 94.35% of the company’s stock.
A number of research analysts recently weighed in on the stock. Vetr upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating and set a $340.77 price objective on the stock in a research report on Monday. BidaskClub upgraded shares of Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Canaccord Genuity restated a “hold” rating and set a $333.33 price objective (up previously from $290.00) on shares of Intuitive Surgical in a research report on Wednesday, July 26th. Morgan Stanley restated an “overweight” rating and set a $356.67 price objective (up previously from $316.67) on shares of Intuitive Surgical in a research report on Tuesday, July 25th. Finally, Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $355.67 price objective on the stock in a research report on Tuesday, July 25th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $326.91.
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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