Traders Sell Intuitive Surgical, Inc. (NASDAQ:ISRG) on Strength (NASDAQ:ISRG)

Investors sold shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on strength during trading on Tuesday. $42.26 million flowed into the stock on the tick-up and $106.21 million flowed out of the stock on the tick-down, for a money net flow of $63.95 million out of the stock. Of all companies tracked, Intuitive Surgical had the 0th highest net out-flow for the day. Intuitive Surgical traded up $2.71 for the day and closed at $940.97

ISRG has been the topic of several recent research reports. Morgan Stanley set a $950.00 target price on shares of Intuitive Surgical and gave the stock an “overweight” rating in a research note on Monday, May 22nd. Leerink Swann restated an “outperform” rating and issued a $850.00 price objective (up from $840.00) on shares of Intuitive Surgical in a report on Saturday, April 22nd. Wells Fargo & Company reiterated an “outperform” rating and set a $1,050.00 price target (up from $1,000.00) on shares of Intuitive Surgical in a research note on Wednesday, July 12th. Citigroup Inc. reiterated a “buy” rating and set a $1,078.00 price target (up from $917.00) on shares of Intuitive Surgical in a research note on Monday, July 24th. Finally, Cantor Fitzgerald started coverage on Intuitive Surgical in a research report on Thursday, June 29th. They set a “neutral” rating and a $1,000.00 price objective for the company. Five research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $980.61.

The firm has a market cap of $36.57 billion, a PE ratio of 47.15 and a beta of 0.39. The stock has a 50 day moving average price of $946.69 and a 200 day moving average price of $844.19. Intuitive Surgical’s stock is scheduled to split before the market opens on Thursday, August 31st. The 3-1 split was announced on Friday, August 11th. The newly created shares will be payable to shareholders after the market closes on Wednesday, August 30th.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Thursday, July 20th. The medical equipment provider reported $5.95 earnings per share for the quarter, beating the consensus estimate of $5.79 by $0.16. Intuitive Surgical had a return on equity of 15.99% and a net margin of 28.44%. The company had revenue of $756.20 million for the quarter, compared to analyst estimates of $724.51 million. During the same period in the prior year, the company posted $5.62 EPS. The company’s revenue was up 12.8% compared to the same quarter last year. On average, equities research analysts predict that Intuitive Surgical, Inc. will post $23.92 earnings per share for the current year.

In other Intuitive Surgical news, VP Jamie Samath sold 242 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $949.01, for a total value of $229,660.42. Following the transaction, the vice president now directly owns 23 shares in the company, valued at approximately $21,827.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary S. Guthart sold 17,975 shares of the stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $937.27, for a total value of $16,847,428.25. Following the completion of the transaction, the chief executive officer now owns 101,798 shares in the company, valued at $95,412,211.46. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,065 shares of company stock worth $31,659,090. Corporate insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. ETF Managers Group LLC purchased a new position in shares of Intuitive Surgical during the second quarter worth approximately $110,000. D. Scott Neal Inc. bought a new position in Intuitive Surgical during the second quarter worth $120,000. Harvest Fund Management Co. Ltd bought a new position in Intuitive Surgical during the second quarter worth $120,000. Guardian Life Insurance Co. of America increased its position in Intuitive Surgical by 2.2% in the first quarter. Guardian Life Insurance Co. of America now owns 142 shares of the medical equipment provider’s stock worth $109,000 after buying an additional 3 shares during the period. Finally, Parallel Advisors LLC increased its position in Intuitive Surgical by 10.1% in the first quarter. Parallel Advisors LLC now owns 153 shares of the medical equipment provider’s stock worth $129,000 after buying an additional 14 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.

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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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