Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Myriam Curet Sells 2,818 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Myriam Curet sold 2,818 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $458.13, for a total value of $1,291,010.34. Following the completion of the transaction, the executive vice president now owns 298 shares of the company’s stock, valued at $136,522.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Intuitive Surgical Stock Performance

Shares of ISRG stock traded down $1.04 on Wednesday, hitting $454.02. The company’s stock had a trading volume of 2,227,014 shares, compared to its average volume of 1,558,779. Intuitive Surgical, Inc. has a fifty-two week low of $254.85 and a fifty-two week high of $468.78. The stock’s 50 day moving average is $425.07 and its 200-day moving average is $396.62. The company has a market capitalization of $161.34 billion, a PE ratio of 81.95, a PEG ratio of 5.61 and a beta of 1.39.

Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, July 18th. The medical equipment provider reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.24. Intuitive Surgical had a net margin of 27.65% and a return on equity of 13.04%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the business posted $1.18 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts forecast that Intuitive Surgical, Inc. will post 4.8 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ISRG. Evercore ISI cut their price objective on Intuitive Surgical from $425.00 to $410.00 and set an “in-line” rating for the company in a report on Friday, July 19th. Piper Sandler increased their price target on shares of Intuitive Surgical from $490.00 to $495.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Robert W. Baird boosted their price objective on shares of Intuitive Surgical from $487.00 to $503.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Intuitive Surgical in a report on Thursday, May 30th. They issued a “buy” rating and a $500.00 target price on the stock. Finally, Morgan Stanley lifted their price target on Intuitive Surgical from $375.00 to $460.00 and gave the stock an “equal weight” rating in a report on Monday, July 15th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $438.74.

Hedge Funds Weigh In On Intuitive Surgical

A number of hedge funds have recently added to or reduced their stakes in the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Intuitive Surgical in the second quarter worth $202,000. Louisiana State Employees Retirement System grew its stake in Intuitive Surgical by 0.4% during the second quarter. Louisiana State Employees Retirement System now owns 48,300 shares of the medical equipment provider’s stock worth $21,486,000 after buying an additional 200 shares in the last quarter. &PARTNERS increased its holdings in Intuitive Surgical by 462.5% in the 2nd quarter. &PARTNERS now owns 4,123 shares of the medical equipment provider’s stock valued at $1,834,000 after buying an additional 3,390 shares during the period. Jacobsen Capital Management raised its position in shares of Intuitive Surgical by 6.4% in the 2nd quarter. Jacobsen Capital Management now owns 535 shares of the medical equipment provider’s stock valued at $238,000 after buying an additional 32 shares in the last quarter. Finally, Atlas Brown Inc. lifted its holdings in shares of Intuitive Surgical by 43.5% during the 2nd quarter. Atlas Brown Inc. now owns 1,012 shares of the medical equipment provider’s stock worth $450,000 after acquiring an additional 307 shares during the period. Institutional investors own 83.64% of the company’s stock.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.