Key Points
- SVP Mark Brosius sold a total of 4,964 ISRG shares in mid‑December (4,500 on Dec. 12 and 464 on Dec. 15) for combined proceeds of about $2.72 million, and now owns 443 shares after the Dec. 15 sale — a 51.16% reduction in his stake.
- Intuitive Surgical shares opened at $559.52 (up ~3.2%), the company beat Q results with EPS $2.40 and revenue of $2.51B (up 22.9% YoY), and analysts hold a consensus "Moderate Buy" with an average target of $608.79.
Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) SVP Mark Brosius sold 464 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $548.49, for a total value of $254,499.36. Following the completion of the transaction, the senior vice president owned 443 shares in the company, valued at approximately $242,981.07. This represents a 51.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Mark Brosius also recently made the following trade(s):
- On Friday, December 12th, Mark Brosius sold 4,500 shares of Intuitive Surgical stock. The stock was sold at an average price of $547.36, for a total transaction of $2,463,120.00.
Intuitive Surgical Trading Up 3.2%
Intuitive Surgical stock opened at $559.52 on Tuesday. The firm has a market capitalization of $200.58 billion, a price-to-earnings ratio of 74.01, a price-to-earnings-growth ratio of 4.98 and a beta of 1.68. The firm's fifty day moving average price is $531.81 and its two-hundred day moving average price is $505.39. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00.
Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.99 by $0.41. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the business posted $1.84 EPS. The firm's revenue was up 22.9% compared to the same quarter last year. On average, research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have recently weighed in on ISRG shares. Wall Street Zen lowered Intuitive Surgical from a "buy" rating to a "hold" rating in a report on Saturday, December 6th. UBS Group set a $600.00 target price on shares of Intuitive Surgical and gave the company a "neutral" rating in a report on Thursday, October 23rd. Royal Bank Of Canada set a $625.00 price target on shares of Intuitive Surgical and gave the stock an "outperform" rating in a report on Wednesday, October 22nd. Daiwa Capital Markets upped their price objective on shares of Intuitive Surgical from $510.00 to $550.00 and gave the stock an "outperform" rating in a research report on Friday, October 24th. Finally, Hsbc Global Res raised shares of Intuitive Surgical to a "strong-buy" rating in a research report on Thursday, October 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $608.79.
Read Our Latest Analysis on Intuitive Surgical
Institutional Trading of Intuitive Surgical
Hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in Intuitive Surgical by 24.9% in the fourth quarter. Brighton Jones LLC now owns 3,672 shares of the medical equipment provider's stock worth $1,916,000 after buying an additional 731 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Intuitive Surgical by 0.9% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 7,847 shares of the medical equipment provider's stock worth $3,887,000 after acquiring an additional 72 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Intuitive Surgical by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 574,954 shares of the medical equipment provider's stock worth $284,746,000 after acquiring an additional 8,521 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Intuitive Surgical by 11.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,344 shares of the medical equipment provider's stock valued at $666,000 after acquiring an additional 134 shares during the period. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in Intuitive Surgical by 7.1% during the first quarter. Nations Financial Group Inc. IA ADV now owns 888 shares of the medical equipment provider's stock valued at $440,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 83.64% of the company's stock.
About Intuitive Surgical
(
Get Free Report)
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.
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