Investors Buy Shares of Intuitive Surgical (ISRG) on Weakness

Traders purchased shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Friday. $121.50 million flowed into the stock on the tick-up and $92.14 million flowed out of the stock on the tick-down, for a money net flow of $29.36 million into the stock. Of all equities tracked, Intuitive Surgical had the 28th highest net in-flow for the day. Intuitive Surgical traded down ($2.33) for the day and closed at $419.04

Several analysts recently commented on the company. BidaskClub upgraded Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Barclays restated an “overweight” rating and issued a $465.00 target price on shares of Intuitive Surgical in a research report on Thursday. Vetr upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $434.75 target price on the stock in a research report on Monday. Cantor Fitzgerald restated an “overweight” rating and issued a $410.00 target price on shares of Intuitive Surgical in a research report on Friday, January 5th. Finally, Zacks Investment Research upgraded Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 target price on the stock in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and an average target price of $357.44.

The stock has a market cap of $46,950.00, a PE ratio of 54.14, a PEG ratio of 5.33 and a beta of 0.47.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.99 by $0.78. Intuitive Surgical had a return on equity of 18.20% and a net margin of 30.16%. The company had revenue of $806.10 million for the quarter, compared to analysts’ expectations of $753.25 million. During the same period last year, the firm earned $2.06 EPS. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. equities analysts forecast that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current year.

In other news, VP Jamie Samath sold 1,564 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $371.19, for a total transaction of $580,541.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan J. Levy sold 2,997 shares of the firm’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $371.35, for a total value of $1,112,935.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,944 shares of company stock worth $21,432,971. 2.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISRG. Edgewood Management LLC boosted its stake in shares of Intuitive Surgical by 200.7% during the 3rd quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock worth $1,010,359,000 after acquiring an additional 1,934,382 shares in the last quarter. Koch Industries Inc. boosted its stake in shares of Intuitive Surgical by 202,917.0% during the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock worth $1,387,000 after acquiring an additional 1,387,952 shares in the last quarter. FMR LLC boosted its stake in shares of Intuitive Surgical by 19.6% during the 2nd quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock worth $2,548,849,000 after acquiring an additional 447,397 shares in the last quarter. Janus Henderson Group PLC boosted its stake in shares of Intuitive Surgical by 7,931.4% during the 2nd quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock worth $385,532,000 after acquiring an additional 407,038 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Intuitive Surgical by 57.5% during the 2nd quarter. Renaissance Technologies LLC now owns 307,100 shares of the medical equipment provider’s stock worth $287,252,000 after acquiring an additional 112,130 shares in the last quarter. 32.80% of the stock is owned by institutional investors and hedge funds.

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About Intuitive Surgical

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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