Investors bought shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on weakness during trading hours on Thursday. $154.03 million flowed into the stock on the tick-up and $126.41 million flowed out of the stock on the tick-down, for a money net flow of $27.62 million into the stock. Of all equities tracked, Intuitive Surgical had the 13th highest net in-flow for the day. Intuitive Surgical traded down ($2.39) for the day and closed at $421.37
ISRG has been the subject of a number of research reports. Wedbush restated a “buy” rating on shares of Intuitive Surgical in a report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Intuitive Surgical from a “hold” rating to a “strong-buy” rating and set a $437.00 price target for the company in a report on Tuesday, December 12th. Goldman Sachs Group restated a “buy” rating on shares of Intuitive Surgical in a report on Saturday, November 18th. Barclays restated an “overweight” rating on shares of Intuitive Surgical in a report on Friday, October 20th. Finally, BidaskClub cut shares of Intuitive Surgical from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $357.44.
The firm has a market capitalization of $47,210.00, a price-to-earnings ratio of 54.44, a PEG ratio of 5.33 and a beta of 0.47.
In related news, COO Salvatore Brogna sold 6,082 shares of the business’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 transaction, the chief operating officer now directly owns 3,096 shares in the company, valued at $1,231,000.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Marshall Mohr sold 6,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $372.22, for a total transaction of $2,233,320.00. Following the transaction, the chief financial officer now owns 12,316 shares in the company, valued at $4,584,261.52. The disclosure for this sale can be found here. Insiders have sold 55,944 shares of company stock valued at $21,432,971 over the last quarter. Corporate insiders own 2.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. American National Bank boosted its holdings in Intuitive Surgical by 200.0% during the fourth quarter. American National Bank now owns 300 shares of the medical equipment provider’s stock worth $109,000 after purchasing an additional 200 shares during the last quarter. ETF Managers Group LLC purchased a new position in Intuitive Surgical during the second quarter worth about $110,000. Harvest Fund Management Co. Ltd purchased a new position in Intuitive Surgical during the second quarter worth about $120,000. Parallel Advisors LLC boosted its holdings in Intuitive Surgical by 195.6% during the third quarter. Parallel Advisors LLC now owns 470 shares of the medical equipment provider’s stock worth $184,000 after purchasing an additional 311 shares during the last quarter. Finally, Lincoln National Corp purchased a new position in Intuitive Surgical during the third quarter worth about $200,000. Institutional investors and hedge funds 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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