Investors Buy Shares of Intuitive Surgical (ISRG) on Weakness

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Traders bought shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Monday. $90.32 million flowed into the stock on the tick-up and $57.34 million flowed out of the stock on the tick-down, for a money net flow of $32.98 million into the stock. Of all companies tracked, Intuitive Surgical had the 32nd highest net in-flow for the day. Intuitive Surgical traded down ($6.04) for the day and closed at $576.81

A number of research firms have recently commented on ISRG. Zacks Investment Research upgraded Intuitive Surgical from a “sell” rating to a “hold” rating in a report on Wednesday. Northland Securities reiterated a “sell” rating and issued a $375.00 price objective on shares of Intuitive Surgical in a report on Thursday, January 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $620.00 price objective on shares of Intuitive Surgical in a report on Friday, January 25th. BidaskClub downgraded Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank of Canada set a $560.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a report on Thursday, February 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $576.17.

The company has a market capitalization of $64.77 billion, a PE ratio of 56.40, a P/E/G ratio of 4.53 and a beta of 1.10.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings results on Thursday, January 24th. The medical equipment provider reported $2.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.11). The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. Intuitive Surgical had a return on equity of 18.11% and a net margin of 30.29%. The company’s quarterly revenue was up 17.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.54 EPS. As a group, analysts expect that Intuitive Surgical, Inc. will post 9.9 earnings per share for the current year.

In related news, COO Salvatore Brogna sold 2,090 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $551.79, for a total transaction of $1,153,241.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lonnie M. Smith sold 210 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $546.56, for a total value of $114,777.60. Following the transaction, the director now owns 359,246 shares in the company, valued at approximately $196,349,493.76. The disclosure for this sale can be found here. Insiders have sold a total of 42,284 shares of company stock worth $22,205,382 in the last 90 days. 1.70% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Intuitive Surgical by 1.7% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,239 shares of the medical equipment provider’s stock valued at $593,000 after buying an additional 21 shares during the period. Shine Investment Advisory Services Inc. raised its holdings in Intuitive Surgical by 14.6% during the first quarter. Shine Investment Advisory Services Inc. now owns 180 shares of the medical equipment provider’s stock worth $103,000 after purchasing an additional 23 shares during the last quarter. Cerity Partners LLC raised its holdings in Intuitive Surgical by 3.7% during the fourth quarter. Cerity Partners LLC now owns 673 shares of the medical equipment provider’s stock worth $322,000 after purchasing an additional 24 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in Intuitive Surgical by 0.4% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 6,025 shares of the medical equipment provider’s stock worth $2,885,000 after purchasing an additional 25 shares during the last quarter. Finally, Whitener Capital Management Inc. raised its holdings in Intuitive Surgical by 1.4% during the fourth quarter. Whitener Capital Management Inc. now owns 1,831 shares of the medical equipment provider’s stock worth $876,000 after purchasing an additional 25 shares during the last quarter. 84.91% of the stock is owned by institutional investors.

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Intuitive Surgical Company Profile (NASDAQ:ISRG)

Intuitive Surgical, Inc designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon's natural hand movements outside the body into corresponding micro-movements inside the patient's body. The company's da Vinci Surgical System include surgeon's consoles, patient-side carts, 3-D vision systems, da Vinci skills simulators, da Vinci Xi integrated table motions, and Firefly fluorescence imaging products that enable surgeons to perform various surgical procedures, including gynecologic, urologic, general, cardiothoracic, and head and neck surgical procedures.

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