Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Mark J. Rubash sold 350 shares of Intuitive Surgical stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $560.00, for a total transaction of $196,000.00. Following the completion of the sale, the director now owns 4,316 shares of the company’s stock, valued at approximately $2,416,960. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of Intuitive Surgical stock traded down $4.32 during midday trading on Tuesday, hitting $555.68. 34,009 shares of the company traded hands, compared to its average volume of 444,182. The firm has a market capitalization of $63.70 billion, a PE ratio of 77.20, a price-to-earnings-growth ratio of 4.10 and a beta of 0.86. Intuitive Surgical, Inc. has a 12 month low of $325.67 and a 12 month high of $560.39.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Thursday, July 19th. The medical equipment provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.74. The company had revenue of $909.30 million for the quarter, compared to analyst estimates of $877.43 million. Intuitive Surgical had a net margin of 23.20% and a return on equity of 20.56%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $5.95 EPS. equities research analysts predict that Intuitive Surgical, Inc. will post 9.31 EPS for the current year.

Several analysts have weighed in on the stock. Zacks Investment Research cut shares of Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 19th. Stifel Nicolaus raised their target price on shares of Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a report on Friday, July 20th. Royal Bank of Canada set a $550.00 target price on shares of Intuitive Surgical and gave the company a “hold” rating in a report on Friday, July 20th. BidaskClub lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 22nd. Finally, Sanford C. Bernstein assumed coverage on shares of Intuitive Surgical in a report on Wednesday, June 27th. They issued an “outperform” rating and a $560.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $513.69.

Institutional investors have recently made changes to their positions in the stock. Adviser Investments LLC bought a new stake in shares of Intuitive Surgical during the 2nd quarter valued at approximately $115,000. Signet Financial Management LLC bought a new stake in shares of Intuitive Surgical during the 2nd quarter valued at approximately $115,000. McKinley Carter Wealth Services Inc. bought a new stake in shares of Intuitive Surgical during the 1st quarter valued at approximately $132,000. Kaizen Advisory LLC grew its holdings in shares of Intuitive Surgical by 156.0% during the 2nd quarter. Kaizen Advisory LLC now owns 279 shares of the medical equipment provider’s stock valued at $133,000 after purchasing an additional 170 shares during the last quarter. Finally, Psagot Investment House Ltd. bought a new stake in shares of Intuitive Surgical during the 2nd quarter valued at approximately $133,000. 84.78% of the stock is currently owned by institutional investors.

Intuitive Surgical Company Profile

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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