Traders Sell Shares of Intuitive Surgical (ISRG) on Strength (ISRG)
Investors sold shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on strength during trading hours on Tuesday. $82.91 million flowed into the stock on the tick-up and $112.51 million flowed out of the stock on the tick-down, for a money net flow of $29.60 million out of the stock. Of all equities tracked, Intuitive Surgical had the 0th highest net out-flow for the day. Intuitive Surgical traded up $1.03 for the day and closed at $420.07
Several brokerages recently commented on ISRG. Barclays restated an “overweight” rating and set a $465.00 target price on shares of Intuitive Surgical in a report on Thursday, January 11th. BidaskClub upgraded shares of Intuitive Surgical from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 11th. Leerink Swann reiterated an “outperform” rating and issued a $475.00 price target (up previously from $390.00) on shares of Intuitive Surgical in a research note on Thursday. Wells Fargo & Co reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Monday, October 16th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Intuitive Surgical in a research note on Saturday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $368.71.
The stock has a market capitalization of $48,490.00, a P/E ratio of 55.70, a P/E/G ratio of 5.23 and a beta of 0.47.
Intuitive Surgical (NASDAQ:ISRG) last posted its earnings results on Thursday, October 19th. The medical equipment provider reported $2.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.78. The company had revenue of $806.10 million during the quarter, compared to analysts’ expectations of $753.25 million. Intuitive Surgical had a net margin of 30.16% and a return on equity of 18.20%. Intuitive Surgical’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.06 EPS. sell-side analysts anticipate that Intuitive Surgical, Inc. will post 7.98 EPS for the current year.
In related news, VP Jamie Samath sold 959 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $398.46, for a total transaction of $382,123.14. Following the transaction, the vice president now directly owns 536 shares of the company’s stock, valued at $213,574.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Salvatore Brogna sold 6,082 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $397.61, for a total transaction of $2,418,264.02. Following the completion of the transaction, the chief operating officer now directly owns 3,096 shares in the company, valued at $1,231,000.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 55,944 shares of company stock valued at $21,432,971. 2.20% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in ISRG. Edgewood Management LLC increased its holdings in Intuitive Surgical by 200.7% in the 3rd quarter. Edgewood Management LLC now owns 2,898,113 shares of the medical equipment provider’s stock valued at $1,010,359,000 after buying an additional 1,934,382 shares during the period. Koch Industries Inc. increased its holdings in Intuitive Surgical by 202,917.0% in the 2nd quarter. Koch Industries Inc. now owns 1,388,636 shares of the medical equipment provider’s stock valued at $1,387,000 after buying an additional 1,387,952 shares during the period. FMR LLC increased its holdings in Intuitive Surgical by 19.6% in the 2nd quarter. FMR LLC now owns 2,724,964 shares of the medical equipment provider’s stock valued at $2,548,849,000 after buying an additional 447,397 shares during the period. Janus Henderson Group PLC increased its holdings in Intuitive Surgical by 7,931.4% in the 2nd quarter. Janus Henderson Group PLC now owns 412,170 shares of the medical equipment provider’s stock valued at $385,532,000 after buying an additional 407,038 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Intuitive Surgical by 214.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 386,037 shares of the medical equipment provider’s stock valued at $140,881,000 after buying an additional 263,157 shares during the period. 32.82% of the stock is currently owned by hedge funds and other institutional investors.
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About Intuitive Surgical
Intuitive Surgical, Inc (Intuitive) designs, manufactures and markets da Vinci Surgical Systems, and related instruments and accessories. The Company’s da Vinci Surgical System consists of a surgeon’s console, a patient-side cart and a vision system. The da Vinci Surgical System translates a surgeon’s 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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