Investors sold shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on strength during trading hours on Tuesday. $52.84 million flowed into the stock on the tick-up and $77.06 million flowed out of the stock on the tick-down, for a money net flow of $24.22 million out of the stock. Of all companies tracked, Intuitive Surgical had the 20th highest net out-flow for the day. Intuitive Surgical traded up $1.27 for the day and closed at $440.22
Several brokerages recently weighed in on ISRG. Stifel Nicolaus reaffirmed a “buy” rating and issued a $480.00 target price (up previously from $400.00) on shares of Intuitive Surgical in a report on Thursday, January 25th. Citigroup reaffirmed a “buy” rating and issued a $531.00 target price on shares of Intuitive Surgical in a report on Friday, January 26th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $490.00 target price on shares of Intuitive Surgical in a report on Friday, January 26th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Intuitive Surgical in a report on Friday, January 26th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $410.00 target price (up previously from $380.00) on shares of Intuitive Surgical in a report on Friday, January 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $408.76.
The firm has a market capitalization of $49,770.00, a price-to-earnings ratio of 51.67, a price-to-earnings-growth ratio of 5.25 and a beta of 0.51.
Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.27. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company had revenue of $892.40 million for the quarter, compared to analysts’ expectations of $866.54 million. During the same quarter last year, the company earned $2.03 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts expect that Intuitive Surgical, Inc. will post 7.85 earnings per share for the current fiscal year.
In other news, VP Jamie Samath sold 964 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $428.60, for a total transaction of $413,170.40. Following the transaction, the vice president now directly owns 118 shares in the company, valued at $50,574.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary S. Guthart sold 28,525 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the transaction, the chief executive officer now owns 311,469 shares in the company, valued at $129,103,900.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 102,770 shares of company stock worth $43,410,836. 2.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in ISRG. Raymond James Financial Services Advisors Inc. grew its position in shares of Intuitive Surgical by 86.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,899 shares of the medical equipment provider’s stock worth $9,307,000 after acquiring an additional 4,135 shares during the last quarter. Dupont Capital Management Corp purchased a new position in Intuitive Surgical in the 3rd quarter valued at $251,000. Retirement Systems of Alabama grew its position in Intuitive Surgical by 1.3% in the 3rd quarter. Retirement Systems of Alabama now owns 18,089 shares of the medical equipment provider’s stock valued at $18,919,000 after buying an additional 226 shares during the last quarter. Toronto Dominion Bank grew its position in Intuitive Surgical by 13.0% in the 3rd quarter. Toronto Dominion Bank now owns 14,126 shares of the medical equipment provider’s stock valued at $14,772,000 after buying an additional 1,623 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its position in Intuitive Surgical by 4.9% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,839 shares of the medical equipment provider’s stock valued at $35,392,000 after buying an additional 1,592 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.
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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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