Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath Sells 130 Shares

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Intuitive Surgical, Inc. (NASDAQ:ISRG) VP Jamie Samath sold 130 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $500.60, for a total value of $65,078.00. Following the completion of the transaction, the vice president now owns 219 shares in the company, valued at approximately $109,631.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jamie Samath also recently made the following trade(s):

  • On Tuesday, April 23rd, Jamie Samath sold 260 shares of Intuitive Surgical stock. The stock was sold at an average price of $500.00, for a total value of $130,000.00.

Shares of Intuitive Surgical stock traded down $3.20 during midday trading on Friday, hitting $502.40. The company had a trading volume of 54,495 shares, compared to its average volume of 744,316. The company has a market cap of $58.19 billion, a price-to-earnings ratio of 52.94, a PEG ratio of 4.38 and a beta of 1.06. Intuitive Surgical, Inc. has a 1-year low of $430.24 and a 1-year high of $589.32.

Intuitive Surgical (NASDAQ:ISRG) last announced its quarterly earnings data on Thursday, April 18th. The medical equipment provider reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.70 by ($0.09). The company had revenue of $974.00 million during the quarter, compared to analyst estimates of $975.27 million. Intuitive Surgical had a return on equity of 17.33% and a net margin of 29.78%. The company’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.44 EPS. On average, analysts anticipate that Intuitive Surgical, Inc. will post 9.4 earnings per share for the current year.

A number of equities analysts recently commented on the company. Piper Jaffray Companies upgraded Intuitive Surgical to an “overweight” rating and set a $610.00 price objective on the stock in a report on Wednesday, May 22nd. BidaskClub downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Citigroup lowered their price target on Intuitive Surgical from $684.00 to $611.00 and set a “buy” rating on the stock in a report on Tuesday, April 23rd. Zacks Investment Research downgraded Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, BTIG Research reiterated a “hold” rating on shares of Intuitive Surgical in a report on Sunday, April 21st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $576.82.

Several institutional investors have recently made changes to their positions in the company. Belpointe Asset Management LLC lifted its position in Intuitive Surgical by 73.5% in the first quarter. Belpointe Asset Management LLC now owns 753 shares of the medical equipment provider’s stock worth $430,000 after purchasing an additional 319 shares during the period. Cerebellum GP LLC lifted its position in Intuitive Surgical by 10.1% in the first quarter. Cerebellum GP LLC now owns 598 shares of the medical equipment provider’s stock worth $341,000 after purchasing an additional 55 shares during the period. Advisory Services Network LLC lifted its position in Intuitive Surgical by 2.8% in the first quarter. Advisory Services Network LLC now owns 7,876 shares of the medical equipment provider’s stock worth $4,494,000 after purchasing an additional 213 shares during the period. Nordea Investment Management AB lifted its position in Intuitive Surgical by 221.8% in the first quarter. Nordea Investment Management AB now owns 21,140 shares of the medical equipment provider’s stock worth $12,065,000 after purchasing an additional 14,571 shares during the period. Finally, Horizon Investments LLC bought a new position in Intuitive Surgical in the first quarter worth $269,000. Institutional investors and hedge funds own 85.53% of the company’s stock.

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About Intuitive Surgical

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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