Intuitive Surgical, Inc. (NASDAQ:ISRG) COO Salvatore Brogna sold 6,082 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $397.61, for a total value of $2,418,264.02. Following the completion of the sale, the chief operating officer now directly owns 3,096 shares of the company’s stock, valued at $1,231,000.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) opened at $379.04 on Thursday. The company has a market capitalization of $41,452.09, a P/E ratio of 48.96, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. Intuitive Surgical, Inc. has a one year low of $203.57 and a one year high of $405.05.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.78. The business had revenue of $806.10 million during the quarter, compared to the consensus estimate of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.06 EPS. analysts predict that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp raised its stake in shares of Intuitive Surgical by 11.2% during the 2nd quarter. Stifel Financial Corp now owns 8,356 shares of the medical equipment provider’s stock worth $7,837,000 after buying an additional 841 shares in the last quarter. Keybank National Association OH raised its stake in shares of Intuitive Surgical by 26.7% during the 2nd quarter. Keybank National Association OH now owns 1,322 shares of the medical equipment provider’s stock worth $1,237,000 after buying an additional 279 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Intuitive Surgical by 61.4% during the 3rd quarter. First Trust Advisors LP now owns 51,130 shares of the medical equipment provider’s stock worth $53,476,000 after buying an additional 19,458 shares in the last quarter. Davis R M Inc. purchased a new position in shares of Intuitive Surgical during the 3rd quarter worth approximately $219,000. Finally, TIAA CREF Investment Management LLC increased its stake in Intuitive Surgical by 9.8% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 449,917 shares of the medical equipment provider’s stock valued at $420,839,000 after purchasing an additional 40,115 shares in the last quarter. 32.81% of the stock is owned by institutional investors and hedge funds.

ISRG has been the subject of a number of research analyst reports. Vetr cut Intuitive Surgical from a “buy” rating to a “hold” rating and set a $111.83 target price for the company. in a research report on Wednesday, August 16th. BidaskClub raised Intuitive Surgical from a “hold” rating to a “buy” rating in a research report on Friday, August 18th. Royal Bank Of Canada reissued a “hold” rating and issued a $333.33 target price on shares of Intuitive Surgical in a research report on Friday, September 1st. Morgan Stanley reissued an “overweight” rating on shares of Intuitive Surgical in a research report on Tuesday, September 5th. Finally, Wedbush reaffirmed an “outperform” rating and set a $353.33 price objective on shares of Intuitive Surgical in a research note on Monday, September 25th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Intuitive Surgical currently has an average rating of “Buy” and an average target price of $155.78.

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About Intuitive Surgical

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.

Insider Buying and Selling by Quarter for Intuitive Surgical (NASDAQ:ISRG)

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