Insider Selling: Intuitive Surgical (NASDAQ:ISRG) EVP Sells 105 Shares of Stock

Intuitive Surgical, Inc. (NASDAQ:ISRG) EVP Myriam Curet sold 105 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $560.00, for a total transaction of $58,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Myriam Curet also recently made the following trade(s):

• On Tuesday, October 28th, Myriam Curet sold 7,562 shares of Intuitive Surgical stock. The shares were sold at an average price of $548.43, for a total transaction of $4,147,227.66.
• On Wednesday, October 29th, Myriam Curet sold 125 shares of Intuitive Surgical stock. The stock was sold at an average price of $543.00, for a total transaction of $67,875.00.

Intuitive Surgical Stock Up 0.0%

Shares of ISRG traded up $0.28 during trading hours on Wednesday, reaching $572.45. The stock had a trading volume of 1,632,272 shares, compared to its average volume of 2,121,198. Intuitive Surgical, Inc. has a 52 week low of $425.00 and a 52 week high of $616.00. The firm has a 50-day moving average of $476.01 and a 200 day moving average of $502.00. The company has a market cap of $205.21 billion, a P/E ratio of 75.72, a P/E/G ratio of 4.94 and a beta of 1.62.

Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.41. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. Intuitive Surgical had a return on equity of 15.08% and a net margin of 28.58%.The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.84 earnings per share. As a group, equities analysts expect that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “sell” rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Jefferies Financial Group lifted their price target on Intuitive Surgical from $550.00 to $560.00 and gave the company a “hold” rating in a research note on Wednesday, October 22nd. Truist Financial set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a research report on Wednesday, October 22nd. Hsbc Global Res raised Intuitive Surgical to a “strong-buy” rating in a research report on Thursday, October 23rd. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Intuitive Surgical has an average rating of “Moderate Buy” and an average target price of $608.92.

Hedge Funds Weigh In On Intuitive Surgical

A number of institutional investors have recently added to or reduced their stakes in the company. Fiduciary Group LLC grew its position in shares of Intuitive Surgical by 0.9% in the 3rd quarter. Fiduciary Group LLC now owns 22,823 shares of the medical equipment provider’s stock valued at $10,207,000 after acquiring an additional 200 shares during the period. Cresset Asset Management LLC lifted its stake in Intuitive Surgical by 5.7% in the 3rd quarter. Cresset Asset Management LLC now owns 8,092 shares of the medical equipment provider’s stock valued at $3,619,000 after purchasing an additional 435 shares during the last quarter. NZS Capital LLC grew its holdings in Intuitive Surgical by 61.1% during the third quarter. NZS Capital LLC now owns 110,014 shares of the medical equipment provider’s stock worth $49,202,000 after purchasing an additional 41,708 shares during the period. Legato Capital Management LLC increased its position in Intuitive Surgical by 23.2% during the third quarter. Legato Capital Management LLC now owns 11,700 shares of the medical equipment provider’s stock worth $5,233,000 after buying an additional 2,200 shares during the last quarter. Finally, Level Four Advisory Services LLC increased its position in Intuitive Surgical by 23.5% during the third quarter. Level Four Advisory Services LLC now owns 1,204 shares of the medical equipment provider’s stock worth $538,000 after buying an additional 229 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors and hedge funds.

Intuitive Surgical Company Profile

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.