Traders Buy Intuitive Surgical (ISRG) on Weakness

Traders bought shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Thursday. $154.49 million flowed into the stock on the tick-up and $109.11 million flowed out of the stock on the tick-down, for a money net flow of $45.38 million into the stock. Of all stocks tracked, Intuitive Surgical had the 14th highest net in-flow for the day. Intuitive Surgical traded down ($2.57) for the day and closed at $518.61

ISRG has been the subject of several recent analyst reports. Goldman Sachs Group lifted their price target on Intuitive Surgical from $540.00 to $630.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Stifel Nicolaus boosted their price objective on Intuitive Surgical from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Friday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and set a $620.00 price objective (up from $510.00) on shares of Intuitive Surgical in a research note on Friday, July 20th. Bank of America boosted their price objective on Intuitive Surgical from $510.00 to $600.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Finally, Citigroup boosted their price objective on Intuitive Surgical from $561.00 to $592.00 and gave the stock a “buy” rating in a research note on Thursday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. Intuitive Surgical presently has an average rating of “Buy” and a consensus target price of $554.64.

The company has a market capitalization of $58.95 billion, a P/E ratio of 58.00, a P/E/G ratio of 3.47 and a beta of 1.02.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Thursday, October 18th. The medical equipment provider reported $2.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.66 by $0.17. The business had revenue of $920.90 million for the quarter, compared to analysts’ expectations of $916.22 million. Intuitive Surgical had a return on equity of 18.79% and a net margin of 22.31%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.77 EPS. As a group, analysts predict that Intuitive Surgical, Inc. will post 9.52 earnings per share for the current fiscal year.

In other news, VP Jamie Samath sold 864 shares of the business’s stock in a transaction that occurred on Tuesday, October 23rd. The stock was sold at an average price of $499.21, for a total transaction of $431,317.44. Following the transaction, the vice president now directly owns 257 shares in the company, valued at approximately $128,296.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Mark J. Rubash sold 150 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $543.66, for a total value of $81,549.00. Following the transaction, the director now owns 4,116 shares in the company, valued at $2,237,704.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,003 shares of company stock worth $42,709,030. Insiders own 2.20% of the company’s stock.

Institutional investors have recently modified their holdings of the company. CENTRAL TRUST Co lifted its holdings in Intuitive Surgical by 26.4% in the third quarter. CENTRAL TRUST Co now owns 460 shares of the medical equipment provider’s stock valued at $264,000 after acquiring an additional 96 shares during the last quarter. Wedbush Securities Inc. lifted its holdings in Intuitive Surgical by 1.4% in the second quarter. Wedbush Securities Inc. now owns 7,086 shares of the medical equipment provider’s stock valued at $3,391,000 after acquiring an additional 98 shares during the last quarter. Securian Asset Management Inc lifted its holdings in Intuitive Surgical by 0.9% in the second quarter. Securian Asset Management Inc now owns 11,795 shares of the medical equipment provider’s stock valued at $5,644,000 after acquiring an additional 100 shares during the last quarter. Sun Life Financial INC lifted its holdings in Intuitive Surgical by 59.9% in the second quarter. Sun Life Financial INC now owns 307 shares of the medical equipment provider’s stock valued at $147,000 after acquiring an additional 115 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Intuitive Surgical by 2.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,229 shares of the medical equipment provider’s stock valued at $2,022,000 after acquiring an additional 117 shares during the last quarter. Institutional investors and hedge funds own 84.14% of the company’s stock.

Intuitive Surgical Company Profile (NASDAQ:ISRG)

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. The company's da Vinci surgical System translates a surgeon's natural 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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