Intuitive Surgical, Inc. Stock Set to Split on Friday, October 6th (ISRG)
Intuitive Surgical, Inc. (NASDAQ:ISRG)’s stock is going to split on Friday, October 6th. The 3-1 split was announced on Friday, August 11th. The newly minted shares will be issued to shareholders after the closing bell on Thursday, October 5th.
Intuitive Surgical (NASDAQ:ISRG) opened at 1045.88 on Monday. The firm has a market capitalization of $38.85 billion, a PE ratio of 50.09 and a beta of 0.38. Intuitive Surgical has a one year low of $610.71 and a one year high of $1,054.77. The company’s 50-day moving average price is $990.40 and its 200 day moving average price is $891.23.
Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, July 20th. The medical equipment provider reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.93 by $0.05. The company had revenue of $756.20 million during the quarter, compared to analyst estimates of $724.51 million. Intuitive Surgical had a net margin of 28.44% and a return on equity of 15.99%. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.87 EPS. On average, analysts forecast that Intuitive Surgical will post $23.92 earnings per share for the current year.
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ISRG has been the subject of a number of research analyst reports. Vetr downgraded Intuitive Surgical from a “buy” rating to a “hold” rating and set a $335.50 target price for the company. in a research report on Wednesday, August 16th. BidaskClub cut Intuitive Surgical from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Wedbush reiterated an “outperform” rating and set a $1,060.00 price target on shares of Intuitive Surgical in a research report on Monday, September 25th. Barclays PLC boosted their price objective on Intuitive Surgical from $290.00 to $333.33 and gave the stock an “overweight” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded Intuitive Surgical from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Five investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $411.32.
In other Intuitive Surgical news, SVP Curet Myriam sold 1,202 shares of Intuitive Surgical stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $950.20, for a total transaction of $1,142,140.40. Following the transaction, the senior vice president now directly owns 1,428 shares in the company, valued at approximately $1,356,885.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jamie Samath sold 242 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $949.01, for a total transaction of $229,660.42. Following the sale, the vice president now directly owns 23 shares in the company, valued at $21,827.23. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,172 shares of company stock valued at $21,923,487. 2.20% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ETF Managers Group LLC purchased a new position in shares of Intuitive Surgical during the second quarter valued at $110,000. D. Scott Neal Inc. acquired a new position in Intuitive Surgical during the second quarter valued at $120,000. Harvest Fund Management Co. Ltd acquired a new position in Intuitive Surgical during the second quarter valued at $120,000. Guardian Life Insurance Co. of America raised its position in Intuitive Surgical by 2.2% during the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock valued at $109,000 after buying an additional 3 shares during the period. Finally, Parallel Advisors LLC raised its position in Intuitive Surgical by 10.1% during the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock valued at $129,000 after buying an additional 14 shares during the period. Institutional investors own 94.23% of the company’s stock.
Intuitive Surgical Company Profile
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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