Traders Buy Shares of Intuitive Surgical (ISRG) on Weakness

Traders purchased shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Friday. $46.26 million flowed into the stock on the tick-up and $22.98 million flowed out of the stock on the tick-down, for a money net flow of $23.28 million into the stock. Of all stocks tracked, Intuitive Surgical had the 19th highest net in-flow for the day. Intuitive Surgical traded down ($2.05) for the day and closed at $489.57

ISRG has been the subject of a number of research reports. Piper Jaffray Companies raised Intuitive Surgical from a “neutral” rating to an “overweight” rating and set a $600.00 price target for the company in a research report on Tuesday, October 9th. Wells Fargo & Co upped their target price on Intuitive Surgical from $575.00 to $635.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 12th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $620.00 target price on shares of Intuitive Surgical in a research report on Friday, October 19th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $560.00 target price on shares of Intuitive Surgical in a research report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $552.59.

The stock has a market capitalization of $55.91 billion, a price-to-earnings ratio of 68.09, a PEG ratio of 3.29 and a beta of 1.02.

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

In related news, Director Lonnie M. Smith sold 225 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $540.04, for a total value of $121,509.00. Following the transaction, the director now owns 379,175 shares in the company, valued at $204,769,667. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark J. Rubash sold 150 shares of the business’s stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $543.66, for a total value of $81,549.00. Following the completion of the transaction, the director now owns 4,116 shares in the company, valued at approximately $2,237,704.56. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,311 shares of company stock worth $24,144,846. Insiders own 2.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ISRG. Adviser Investments LLC acquired a new position in shares of Intuitive Surgical in the second quarter worth about $115,000. Signet Financial Management LLC acquired a new stake in Intuitive Surgical during the second quarter valued at approximately $115,000. Arrow Financial Corp acquired a new stake in Intuitive Surgical during the third quarter valued at approximately $115,000. JNBA Financial Advisors acquired a new stake in Intuitive Surgical during the third quarter valued at approximately $115,000. Finally, Pendal Group Ltd acquired a new stake in Intuitive Surgical during the third quarter valued at approximately $118,000. Institutional investors and hedge funds own 83.68% of the company’s stock.

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About Intuitive Surgical (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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