Investors Sell Intuitive Surgical (ISRG) on Strength (ISRG)

Traders sold shares of Intuitive Surgical (NASDAQ:ISRG) on strength during trading on Friday. $75.35 million flowed into the stock on the tick-up and $140.67 million flowed out of the stock on the tick-down, for a money net flow of $65.32 million out of the stock. Of all stocks tracked, Intuitive Surgical had the 0th highest net out-flow for the day. Intuitive Surgical traded up $10.44 for the day and closed at $412.83

Several brokerages have weighed in on ISRG. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price objective for the company in a report on Tuesday, December 12th. ValuEngine lowered Intuitive Surgical from a “hold” rating to a “sell” rating in a report on Friday, December 29th. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 10th. Evercore ISI began coverage on Intuitive Surgical in a report on Wednesday, January 3rd. They set an “in-line” rating and a $380.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on Intuitive Surgical to $430.00 and gave the company a “sector perform” rating in a report on Friday, January 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $413.84.

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The firm has a market capitalization of $46,675.38, a P/E ratio of 52.52, a price-to-earnings-growth ratio of 4.92 and a beta of 0.51.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.27. Intuitive Surgical had a return on equity of 19.93% and a net margin of 21.09%. The firm had revenue of $892.40 million during the quarter, compared to analyst estimates of $866.54 million. During the same period last year, the company earned $2.03 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. equities research analysts anticipate that Intuitive Surgical will post 7.85 EPS for the current fiscal year.

In related news, COO Salvatore Brogna sold 7,934 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $421.37, for a total value of $3,343,149.58. Following the sale, the chief operating officer now owns 6,159 shares in the company, valued at $2,595,217.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mark J. Rubash sold 1,000 shares of the stock in a transaction on Monday, March 5th. The stock was sold at an average price of $420.01, for a total value of $420,010.00. Following the completion of the sale, the director now owns 4,453 shares in the company, valued at approximately $1,870,304.53. The disclosure for this sale can be found here. Insiders sold 102,770 shares of company stock valued at $43,410,836 over the last ninety days. Corporate insiders own 2.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in shares of Intuitive Surgical by 200.0% in the fourth quarter. CWM LLC now owns 285 shares of the medical equipment provider’s stock worth $104,000 after buying an additional 190 shares in the last quarter. American National Bank raised its position in shares of Intuitive Surgical by 200.0% in the fourth quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 200 shares in the last quarter. Spectrum Management Group Inc. raised its position in shares of Intuitive Surgical by 154.2% in the fourth quarter. Spectrum Management Group Inc. now owns 300 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 182 shares in the last quarter. Trustcore Financial Services LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth $125,000. Finally, Trust Department MB Financial Bank N A raised its position in shares of Intuitive Surgical by 200.0% in the fourth quarter. Trust Department MB Financial Bank N A now owns 345 shares of the medical equipment provider’s stock worth $126,000 after buying an additional 230 shares in the last quarter. Institutional investors own 87.85% of the company’s stock.

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Intuitive Surgical Company Profile

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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