Insider Selling: Intuitive Surgical, Inc. (ISRG) Director Sells $2,375,700.00 in Stock
Intuitive Surgical, Inc. (NASDAQ:ISRG) Director Mark J. Rubash sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $395.95, for a total value of $2,375,700.00. Following the sale, the director now directly owns 5,453 shares in the company, valued at $2,159,115.35. The sale was disclosed in a filing with the SEC, which is available through this link.
Intuitive Surgical, Inc. (ISRG) opened at $379.04 on Thursday. Intuitive Surgical, Inc. has a one year low of $203.57 and a one year high of $405.05. The company has a market capitalization of $41,452.09, a price-to-earnings ratio of 48.96, a P/E/G ratio of 5.14 and a beta of 0.48.
Intuitive Surgical (NASDAQ:ISRG) last announced its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.78. The firm had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The business’s revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.06 EPS. research analysts anticipate that Intuitive Surgical, Inc. will post 7.85 EPS for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Edgewood Management LLC raised its stake in Intuitive Surgical by 200.7% during the 3rd quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after acquiring an additional 1,934,382 shares during the last quarter. FMR LLC raised its stake in shares of Intuitive Surgical by 19.6% during the 2nd quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after buying an additional 447,397 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Intuitive Surgical by 0.8% during the 2nd quarter. Vanguard Group Inc. now owns 2,524,027 shares of the medical equipment provider’s stock worth $2,360,900,000 after buying an additional 20,210 shares in the last quarter. Koch Industries Inc. raised its stake in shares of Intuitive Surgical by 202,917.0% during the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after buying an additional 1,387,952 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Intuitive Surgical by 3.3% during the 2nd quarter. Alliancebernstein L.P. now owns 690,780 shares of the medical equipment provider’s stock worth $646,135,000 after buying an additional 21,795 shares in the last quarter. 32.81% of the stock is owned by hedge funds and other institutional investors.
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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.
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