Traders Buy Shares of Intuitive Surgical (ISRG) on Weakness

Traders purchased shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Monday. $195.03 million flowed into the stock on the tick-up and $156.91 million flowed out of the stock on the tick-down, for a money net flow of $38.12 million into the stock. Of all companies tracked, Intuitive Surgical had the 21st highest net in-flow for the day. Intuitive Surgical traded down ($22.24) for the day and closed at $526.47

A number of research analysts have commented on the company. BidaskClub lowered Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Citigroup increased their price objective on Intuitive Surgical from $561.00 to $592.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research lowered Intuitive Surgical from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 19th. Stifel Nicolaus increased their price objective on Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $575.00 price objective on shares of Intuitive Surgical in a research report on Friday, July 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $529.34.

The stock has a market capitalization of $65.29 billion, a PE ratio of 75.32, a price-to-earnings-growth ratio of 4.20 and a beta of 0.89.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 19th. The medical equipment provider reported $2.76 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.74. Intuitive Surgical had a return on equity of 20.56% and a net margin of 23.20%. The business had revenue of $909.30 million for the quarter, compared to analyst estimates of $877.43 million. During the same period last year, the company earned $5.95 EPS. The firm’s revenue was up 19.8% on a year-over-year basis. On average, equities analysts forecast that Intuitive Surgical, Inc. will post 9.31 earnings per share for the current fiscal year.

In other news, Director Michael A. Friedman sold 2,070 shares of the firm’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $541.46, for a total value of $1,120,822.20. Following the transaction, the director now directly owns 5,964 shares in the company, valued at approximately $3,229,267.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig H. Barratt sold 2,500 shares of the firm’s stock in a transaction on Tuesday, July 24th. The stock was sold at an average price of $522.00, for a total value of $1,305,000.00. The disclosure for this sale can be found here. Insiders sold a total of 109,463 shares of company stock worth $57,194,982 over the last 90 days. 2.20% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Adviser Investments LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $115,000. Signet Financial Management LLC acquired a new stake in shares of Intuitive Surgical in the 2nd quarter valued at about $115,000. Optimum Investment Advisors raised its stake in shares of Intuitive Surgical by 189.9% in the 3rd quarter. Optimum Investment Advisors now owns 229 shares of the medical equipment provider’s stock valued at $131,000 after purchasing an additional 150 shares during the period. McKinley Carter Wealth Services Inc. acquired a new stake in shares of Intuitive Surgical in the 1st quarter valued at about $132,000. Finally, Kaizen Advisory LLC raised its stake in shares of Intuitive Surgical by 156.0% in the 2nd quarter. Kaizen Advisory LLC now owns 279 shares of the medical equipment provider’s stock valued at $133,000 after purchasing an additional 170 shares during the period. 84.80% of the stock is currently owned by institutional investors and hedge funds.

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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