Intuitive Surgical (NASDAQ:ISRG) Issues Quarterly Earnings Results

Intuitive Surgical (NASDAQ:ISRG) issued its earnings results on Thursday. The medical equipment provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.10, Briefing.com reports. Intuitive Surgical had a net margin of 25.24% and a return on equity of 13.11%. The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis.

Intuitive Surgical Price Performance

ISRG traded down $1.54 during trading on Thursday, reaching $372.63. 2,272,280 shares of the company’s stock were exchanged, compared to its average volume of 1,644,402. Intuitive Surgical has a 1 year low of $254.85 and a 1 year high of $403.76. The stock has a market capitalization of $132.08 billion, a P/E ratio of 74.39, a price-to-earnings-growth ratio of 5.88 and a beta of 1.36. The company’s fifty day simple moving average is $387.56 and its 200-day simple moving average is $342.39.

Wall Street Analyst Weigh In

ISRG has been the topic of several recent research reports. Royal Bank of Canada increased their target price on shares of Intuitive Surgical from $400.00 to $432.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Stifel Nicolaus increased their target price on shares of Intuitive Surgical from $420.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Barclays raised their price target on shares of Intuitive Surgical from $385.00 to $430.00 and gave the company an “overweight” rating in a report on Thursday, January 25th. StockNews.com cut shares of Intuitive Surgical from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Finally, Citigroup raised their price target on shares of Intuitive Surgical from $428.00 to $462.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Five equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $375.70.

Insiders Place Their Bets

In other Intuitive Surgical news, VP Fredrik Widman sold 5,041 shares of Intuitive Surgical stock in a transaction on Friday, March 15th. The shares were sold at an average price of $397.07, for a total transaction of $2,001,629.87. Following the sale, the vice president now owns 110 shares of the company’s stock, valued at approximately $43,677.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Fredrik Widman sold 5,041 shares of Intuitive Surgical stock in a transaction on Friday, March 15th. The stock was sold at an average price of $397.07, for a total transaction of $2,001,629.87. Following the transaction, the vice president now owns 110 shares in the company, valued at approximately $43,677.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robert Desantis sold 329 shares of Intuitive Surgical stock in a transaction on Monday, March 11th. The stock was sold at an average price of $390.16, for a total value of $128,362.64. Following the transaction, the executive vice president now owns 5,507 shares in the company, valued at approximately $2,148,611.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 248,418 shares of company stock valued at $95,927,097. 0.90% of the stock is owned by insiders.

Institutional Trading of Intuitive Surgical

Institutional investors and hedge funds have recently bought and sold shares of the stock. O Dell Group LLC purchased a new stake in Intuitive Surgical in the 4th quarter valued at about $30,000. PCA Investment Advisory Services Inc. purchased a new stake in Intuitive Surgical in the 2nd quarter valued at about $35,000. Strategic Investment Solutions Inc. IL purchased a new stake in Intuitive Surgical in the 1st quarter valued at about $39,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Intuitive Surgical by 176.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 116 shares of the medical equipment provider’s stock valued at $39,000 after buying an additional 74 shares during the period. Finally, Cornerstone Planning Group LLC purchased a new stake in Intuitive Surgical in the 2nd quarter valued at about $51,000. 83.64% of the stock is currently 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.