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.
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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