November 23, 2016 - By Linda Rogers
The SVP General Counsel & CCO of Intuitive Surgical Inc, Mark Meltzer has made a sudden trade in the California-based Intuitive Surgical Inc that is with a total value of $1,480,547 USD. As announced in the SEC form filed on 23/11/2016, Mark sold 2,250 shares based on an average stock price per share of $658.0. The regulatory filing shows that Mark Meltzer now has precisely 0.00% of the California-based company’s market cap (share price times the number of shares outstanding)
Out of 16 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 12 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 75% are positive. $800 is the highest target while $565 is the lowest. The $689.94 average target is 6.99% above today’s ($644.86) stock price. Intuitive Surgical Inc has been the topic of 31 analyst reports since July 22, 2015 according to StockzIntelligence Inc. Wells Fargo initiated the shares of ISRG in a report on Thursday, October 13 with “Outperform” rating. The rating was maintained by Citigroup with “Buy” on Wednesday, July 20. As per Wednesday, October 19, the company rating was maintained by RBC Capital Markets. As per Wednesday, July 22, the company rating was upgraded by Canaccord Genuity. Citigroup initiated the shares of ISRG in a report on Thursday, November 12 with “Buy” rating. The firm earned “Overweight” rating on Wednesday, July 20 by Barclays Capital. Bank of America maintained the stock with “Buy” rating in Wednesday, April 20 report. The rating was maintained by Wedbush with “Buy” on Sunday, September 6. The company was downgraded on Friday, April 1 by BTIG Research. The company was upgraded on Monday, January 4 by Morgan Stanley.
Insitutional Activity: The institutional sentiment increased to 1.26 in Q2 2016. Its up 0.14, from 1.12 in 2016Q1. The ratio is positive, as 35 funds sold all Intuitive Surgical, Inc. shares owned while 178 reduced positions. 54 funds bought stakes while 185 increased positions. They now own 36.66 million shares or 17.03% less from 44.18 million shares in 2016Q1.
Moreover, Canada Pension Plan Inv Board has 0% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 79 shares. Janney Montgomery Scott Limited Liability Company accumulated 0.01% or 659 shares. Mycio Wealth Prns Limited owns 20 shares or 0% of their US portfolio. Lombard Odier Asset Mgmt (Switzerland) Sa accumulated 316 shares or 0.03% of the stock. Alphamark Lc has 68 shares for 0.03% of their US portfolio. Janus Mgmt Lc accumulated 0.03% or 48,475 shares. Geneva Ltd Limited Liability Company, a Illinois-based fund reported 49,432 shares. Wellington Mgmt Grp Limited Liability Partnership has invested 0.08% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Bender Robert holds 14,324 shares or 6.69% of its portfolio. Reliance Of Delaware holds 0.02% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 454 shares. Ubs Asset Americas last reported 0.12% of its portfolio in the stock. First Midwest Bancshares Division holds 436 shares or 0.04% of its portfolio. Cookson Peirce And has invested 3.58% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Bartlett And Ltd Llc last reported 220 shares in the company. Natixis has invested 0.01% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG).
Insider Transactions: Since June 1, 2016, the stock had 0 insider buys, and 8 selling transactions for $42.25 million net activity. 3,000 shares were sold by MELTZER MARK J, worth $2.06M on Monday, August 22. The insider LEVY ALAN J sold 3,188 shares worth $2.21M. Myriam Curet had sold 4,250 shares worth $2.91M. The insider GUTHART GARY S sold $9.35M. On Wednesday, June 1 Brogna Salvatore sold $12.91 million worth of the stock or 20,406 shares. MOHR MARSHALL sold $3.42M worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) on Wednesday, July 27. 275 shares were sold by SMITH LONNIE M, worth $177,787.
About 256,619 shares traded hands. Intuitive Surgical, Inc. (NASDAQ:ISRG) has declined 0.26% since April 21, 2016 and is downtrending. It has underperformed by 5.59% the S&P500.
Intuitive Surgical, Inc. designs, makes and markets da Vinci Surgical Systems, and related instruments and accessories. The company has a market cap of $24.16 billion. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. It has a 34.79 P/E ratio. 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.
According to Zacks Investment Research, “Intuitive Surgical, Inc. designs and manufactures the da Vinci Surgical System. The da Vinci Surgical System seamlessly translates the surgeon’s natural hand movements on instrument controls at a console into corresponding micromovements of instruments positioned inside the patient through small puncture incisions, or ports. The products provide the surgeon with the range of motion and fine tissue control previously possible only with open surgery, while simultaneously allowing the surgeon to work through small ports.”
Analysts await Intuitive Surgical, Inc. (NASDAQ:ISRG) to report earnings on January, 24 after the close. They expect $5.23 earnings per share, up 0.97% or $0.05 from last year’s $5.18 per share. ISRG’s profit will be $195.94 million for 30.83 P/E if the $5.23 EPS becomes a reality. After $5.39 actual earnings per share reported by Intuitive Surgical, Inc. for the previous quarter, Wall Street now forecasts -2.97% negative EPS growth.
More notable recent Intuitive Surgical, Inc. (NASDAQ:ISRG) news were published by: Fool.com which released: “Here’s Why Hernia Operations Are Picking Up So Much for Intuitive Surgical, Inc.” on November 15, 2016, also Fool.com with their article: “How Big Could This New Procedure Be for Intuitive Surgical, Inc?” published on November 08, 2016, Fool.com published: “Better Buy: Intuitive Surgical, Inc. vs. Johnson & Johnson” on October 16, 2016. More interesting news about Intuitive Surgical, Inc. (NASDAQ:ISRG) were released by: Fool.com and their article: “Better Buy: Intuitive Surgical, Inc. vs. Medtronic” published on October 26, 2016 as well as Fool.com‘s news article titled: “4 Things Intuitive Surgical, Inc. Management Wants You to Know” with publication date: September 21, 2016.
Intuitive Surgical, Inc. (Intuitive), incorporated on November 9, 1995, designs, makes 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. The da Vinci Surgical System provides its operating surgeons with control, range of motion, tissue manipulation solution and three-dimensional (3-D), high-definition (HD) vision. It allows surgeons to work through the small ports enabled by minimally invasive surgery (MIS) procedures. The Company’s da Vinci Surgery utilizes computational, robotic and imaging technologies.
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By Linda Rogers