Investors Buy Intuitive Surgical (ISRG) on Weakness

Investors purchased shares of Intuitive Surgical (NASDAQ:ISRG) on weakness during trading on Friday. $63.34 million flowed into the stock on the tick-up and $35.28 million flowed out of the stock on the tick-down, for a money net flow of $28.06 million into the stock. Of all companies tracked, Intuitive Surgical had the 25th highest net in-flow for the day. Intuitive Surgical traded down ($0.42) for the day and closed at $414.63

Several research analysts recently issued reports on ISRG shares. Vetr lowered shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating and set a $454.14 target price for the company. in a research report on Tuesday, April 10th. Royal Bank of Canada boosted their price target on shares of Intuitive Surgical to $430.00 and gave the stock a “sector perform” rating in a research note on Friday, January 26th. Canaccord Genuity reissued a “hold” rating and issued a $410.00 price target (up from $380.00) on shares of Intuitive Surgical in a research note on Friday, January 26th. They noted that the move was a valuation call. BidaskClub downgraded shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 10th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $410.00 price target on shares of Intuitive Surgical in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $413.77.

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The company has a market cap of $46,926.42, a P/E ratio of 57.67, a PEG ratio of 4.94 and a beta of 0.57.

Intuitive Surgical (NASDAQ:ISRG) last issued its quarterly earnings data on Thursday, January 25th. The medical equipment provider reported $2.54 EPS for the quarter, beating the consensus estimate of $2.27 by $0.27. The firm had revenue of $892.40 million during the quarter, compared to the consensus estimate of $866.54 million. Intuitive Surgical had a net margin of 21.09% and a return on equity of 19.93%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.03 earnings per share. sell-side analysts predict that Intuitive Surgical will post 7.85 EPS for the current fiscal year.

In other news, VP Jamie Samath sold 964 shares of the company’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $428.60, for a total transaction of $413,170.40. Following the completion of the transaction, the vice president now directly owns 118 shares of the company’s stock, valued at $50,574.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gary S. Guthart sold 28,525 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $414.50, for a total transaction of $11,823,612.50. Following the completion of the transaction, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at $129,103,900.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,770 shares of company stock valued at $43,410,836. Insiders own 2.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Chevy Chase Trust Holdings Inc. raised its stake in Intuitive Surgical by 206.2% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 179,792 shares of the medical equipment provider’s stock worth $65,613,000 after buying an additional 121,082 shares in the last quarter. Atria Investments LLC raised its stake in Intuitive Surgical by 189.4% in the fourth quarter. Atria Investments LLC now owns 1,777 shares of the medical equipment provider’s stock worth $648,000 after buying an additional 1,163 shares in the last quarter. Shaker Investments LLC OH raised its stake in Intuitive Surgical by 200.0% in the fourth quarter. Shaker Investments LLC OH now owns 2,100 shares of the medical equipment provider’s stock worth $766,000 after buying an additional 1,400 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Intuitive Surgical by 200.0% in the fourth quarter. Gulf International Bank UK Ltd now owns 35,841 shares of the medical equipment provider’s stock worth $13,079,000 after buying an additional 23,894 shares in the last quarter. Finally, Castleark Management LLC grew its holdings in Intuitive Surgical by 198.3% in the fourth quarter. Castleark Management LLC now owns 21,180 shares of the medical equipment provider’s stock worth $7,729,000 after purchasing an additional 14,080 shares during the period. 87.89% of the stock is owned by institutional investors.

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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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