Intuitive Surgical (NASDAQ:ISRG) SVP Patricia Wadors Sells 220 Shares

Intuitive Surgical, Inc. (NASDAQ:ISRG) SVP Patricia Wadors sold 220 shares of Intuitive Surgical stock in a transaction on Friday, February 27th. The shares were sold at an average price of $499.71, for a total value of $109,936.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Intuitive Surgical Trading Down 0.7%

Shares of ISRG traded down $3.37 during midday trading on Friday, reaching $503.51. 1,629,154 shares of the stock were exchanged, compared to its average volume of 2,098,934. The company has a market capitalization of $178.81 billion, a P/E ratio of 63.82, a PEG ratio of 3.90 and a beta of 1.65. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $603.88. The company’s 50 day moving average is $531.21 and its two-hundred day moving average is $511.26.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 22nd. The medical equipment provider reported $2.53 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.26. The company had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.72 billion. Intuitive Surgical had a net margin of 28.38% and a return on equity of 15.06%. The firm’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.21 earnings per share. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Hedge Funds Weigh In On Intuitive Surgical

Several hedge funds have recently modified their holdings of the stock. Groupama Asset Managment boosted its stake in Intuitive Surgical by 11.7% in the 4th quarter. Groupama Asset Managment now owns 47,779 shares of the medical equipment provider’s stock worth $26,979,000 after purchasing an additional 4,993 shares in the last quarter. Anchor Investment Management LLC raised its holdings in shares of Intuitive Surgical by 4.7% in the fourth quarter. Anchor Investment Management LLC now owns 6,330 shares of the medical equipment provider’s stock worth $3,585,000 after buying an additional 287 shares during the last quarter. Tempo Wealth LLC acquired a new stake in shares of Intuitive Surgical during the fourth quarter worth $201,000. MidFirst Bank purchased a new stake in shares of Intuitive Surgical during the fourth quarter valued at $5,138,000. Finally, DGS Capital Management LLC increased its position in shares of Intuitive Surgical by 184.7% in the 4th quarter. DGS Capital Management LLC now owns 3,183 shares of the medical equipment provider’s stock valued at $1,803,000 after acquiring an additional 2,065 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Analyst Ratings Changes

ISRG has been the subject of a number of recent research reports. Citigroup reissued a “neutral” rating and issued a $590.00 price objective (down from $635.00) on shares of Intuitive Surgical in a research note on Friday, January 23rd. Raymond James Financial lifted their price target on Intuitive Surgical from $603.00 to $615.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. Royal Bank Of Canada boosted their price target on Intuitive Surgical from $625.00 to $650.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 17th. Robert W. Baird dropped their price objective on Intuitive Surgical from $655.00 to $645.00 and set an “outperform” rating on the stock in a research report on Friday, January 23rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Intuitive Surgical in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $615.86.

Intuitive Surgical Company Profile

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.