Intuitive Surgical Inc. (NASDAQ:ISRG) CFO Marshall Mohr sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $684.09, for a total value of $3,420,450.00. Following the completion of the transaction, the chief financial officer now owns 6,725 shares in the company, valued at approximately $4,600,505.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ISRG has been the topic of a number of recent research reports. Piper Jaffray Cos. restated a “hold” rating and issued a $550.00 target price on shares of Intuitive Surgical in a report on Thursday, March 31st. BTIG Research lowered Intuitive Surgical from a “buy” rating to a “neutral” rating and set a $600.00 price target on the stock. in a report on Friday, April 1st. They noted that the move was a valuation call. Goldman Sachs Group Inc. lifted their price target on Intuitive Surgical from $633.00 to $664.00 in a report on Friday, April 8th. Leerink Swann lifted their price target on Intuitive Surgical from $640.00 to $700.00 and gave the stock an “outperform” rating in a report on Tuesday, April 12th. Finally, Sterne Agee CRT reiterated a “neutral” rating on shares of Intuitive Surgical in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $698.58.
A hedge fund recently bought a new stake in Intuitive Surgical stock. Eagle Asset Management purchased a new position in shares of Intuitive Surgical Inc. (NASDAQ:ISRG) during the third quarter, according to its most recent filing with the SEC. The institutional investor purchased 51,856 shares of the company’s stock, valued at approximately $23,830,000. Eagle Asset Management owned 0.14% of Intuitive Surgical as of its most recent SEC filing.
Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $5.62 EPS for the quarter, beating the Zacks’ consensus estimate of $4.97 by $0.65. During the same period in the previous year, the business posted $4.57 EPS. The business earned $670 million during the quarter, compared to the consensus estimate of $640.69 million. Equities research analysts forecast that Intuitive Surgical Inc. will post $21.30 EPS for the current year.
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.
