Insider Selling: Intuitive Surgical, Inc. (NASDAQ:ISRG) Insider Sells 7,893 Shares of Stock

Key Points

• Gary S. Guthart, an insider at Intuitive Surgical, sold 7,893 shares of stock for a total of $3.94 million, reducing his ownership by 37.44%.
• Intuitive Surgical reported quarterly earnings of $2.19 EPS, exceeding expectations and showing a 21.4% year-over-year revenue increase to $2.44 billion.
• Analysts have issued varied price targets for Intuitive Surgical, with a consensus target price of approximately $592.05 and a prevailing average rating of "Moderate Buy."

Intuitive Surgical, Inc. (NASDAQ:ISRG - Get Free Report) insider Gary S. Guthart sold 7,893 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $498.64, for a total value of $3,935,765.52. Following the sale, the insider owned 13,187 shares of the company's stock, valued at approximately $6,575,565.68. This represents a 37.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Intuitive Surgical Price Performance

NASDAQ:ISRG traded up $1.57 during mid-day trading on Friday, hitting $482.66. The company's stock had a trading volume of 957,276 shares, compared to its average volume of 1,990,458. Intuitive Surgical, Inc. has a 1 year low of $425.00 and a 1 year high of $616.00. The stock has a market cap of $173.02 billion, a price-to-earnings ratio of 67.18, a PEG ratio of 5.25 and a beta of 1.64. The business's fifty day moving average is $525.14 and its two-hundred day moving average is $533.73.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.26. Intuitive Surgical had a net margin of 28.51% and a return on equity of 14.56%. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.78 EPS. The company's revenue for the quarter was up 21.4% on a year-over-year basis. Analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ISRG. BTIG Research upped their target price on Intuitive Surgical from $566.00 to $571.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft downgraded Intuitive Surgical from a "hold" rating to a "sell" rating and reduced their price target for the stock from $515.00 to $440.00 in a research report on Monday, June 9th. Citigroup reaffirmed a "buy" rating and set a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Wall Street Zen raised Intuitive Surgical from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada upped their target price on Intuitive Surgical from $605.00 to $615.00 and gave the company an "outperform" rating in a research report on Wednesday, July 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, Intuitive Surgical has an average rating of "Moderate Buy" and an average price target of $592.05.

Institutional Investors Weigh In On Intuitive Surgical

Hedge funds have recently modified their holdings of the company. Chilton Capital Management LLC boosted its stake in shares of Intuitive Surgical by 614.3% during the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Parvin Asset Management LLC purchased a new position in Intuitive Surgical in the 4th quarter valued at about $26,000. Global Financial Private Client LLC lifted its stake in Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares in the last quarter. Elite Financial Inc. purchased a new position in Intuitive Surgical in the 1st quarter valued at about $26,000. Finally, Hurley Capital LLC purchased a new position in Intuitive Surgical in the 4th quarter valued at about $28,000. 83.64% of the stock is owned by hedge funds and other institutional investors.

About Intuitive Surgical

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.