Investors Sell Intuitive Surgical (ISRG) on Strength (ISRG)
Traders sold shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on strength during trading hours on Tuesday. $133.26 million flowed into the stock on the tick-up and $174.42 million flowed out of the stock on the tick-down, for a money net flow of $41.16 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 $5.74 for the day and closed at $397.60
Several research firms have recently commented on ISRG. Wells Fargo & Co reissued a “buy” rating on shares of Intuitive Surgical in a research report on Monday, October 16th. Goldman Sachs Group reaffirmed a “buy” rating on shares of Intuitive Surgical in a research report on Saturday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $353.33 target price on shares of Intuitive Surgical in a research report on Monday, September 25th. Zacks Investment Research raised Intuitive Surgical from a “hold” rating to a “buy” rating and set a $409.00 target price on the stock in a research report on Wednesday, January 3rd. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $410.00 target price on shares of Intuitive Surgical in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company. Intuitive Surgical currently has an average rating of “Buy” and an average target price of $349.69.
The firm has a market capitalization of $47,170.00, a price-to-earnings ratio of 54.75, a price-to-earnings-growth ratio of 5.33 and a beta of 0.47.
In other news, insider Craig H. Barratt sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $371.18, for a total value of $5,567,700.00. Following the sale, the insider now owns 7,500 shares in the company, valued at $2,783,850. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Marshall Mohr sold 6,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $372.22, for a total value of $2,233,320.00. Following the completion of the sale, the chief financial officer now owns 12,316 shares in the company, valued at approximately $4,584,261.52. The disclosure for this sale can be found here. Insiders sold 55,944 shares of company stock worth $21,432,971 over the last three months. Corporate insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new stake in shares of Intuitive Surgical in the second quarter worth about $110,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Intuitive Surgical in the second quarter worth about $120,000. Lincoln National Corp purchased a new stake in shares of Intuitive Surgical in the third quarter worth about $200,000. MUFG Americas Holdings Corp purchased a new stake in shares of Intuitive Surgical in the third quarter worth about $208,000. Finally, Advisors Capital Management LLC purchased a new stake in shares of Intuitive Surgical in the third quarter worth about $209,000. Hedge funds and other institutional investors own 32.80% of the company’s stock.
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Intuitive Surgical Company Profile
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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