Traders sold shares of Intuitive Surgical, Inc. (NASDAQ:ISRG) on strength during trading hours on Friday. $108.43 million flowed into the stock on the tick-up and $146.42 million flowed out of the stock on the tick-down, for a money net flow of $37.99 million out of the stock. Of all stocks tracked, Intuitive Surgical had the 28th highest net out-flow for the day. Intuitive Surgical traded up $9.54 for the day and closed at $568.36

A number of research analysts have recently commented on ISRG shares. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $575.00 price objective on shares of Intuitive Surgical in a report on Friday, July 20th. Royal Bank of Canada set a $550.00 price objective on Intuitive Surgical and gave the company a “hold” rating in a report on Friday, July 20th. Stifel Nicolaus increased their price objective on Intuitive Surgical from $515.00 to $600.00 and gave the company a “buy” rating in a report on Friday, July 20th. Cantor Fitzgerald reiterated a “buy” rating and issued a $620.00 price objective (up previously from $510.00) on shares of Intuitive Surgical in a report on Friday, July 20th. Finally, Northland Securities reiterated a “sell” rating and issued a $300.00 price objective on shares of Intuitive Surgical in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $520.08.

The firm has a market cap of $62.51 billion, a P/E ratio of 78.13, a P/E/G ratio of 4.02 and a beta of 0.86.

Intuitive Surgical (NASDAQ:ISRG) last posted its quarterly earnings results on Thursday, July 19th. The medical equipment provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.02 by $0.74. The business had revenue of $909.30 million during the quarter, compared to analysts’ expectations of $877.43 million. Intuitive Surgical had a return on equity of 20.56% and a net margin of 23.20%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $5.95 EPS. sell-side analysts predict that Intuitive Surgical, Inc. will post 9.31 EPS for the current fiscal year.

In other news, COO Salvatore Brogna sold 2,652 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $557.39, for a total value of $1,478,198.28. Following the completion of the sale, the chief operating officer now directly owns 2,049 shares of the company’s stock, valued at approximately $1,142,092.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Curet Myriam sold 712 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The shares were sold at an average price of $523.46, for a total value of $372,703.52. Following the completion of the sale, the executive vice president now directly owns 31,141 shares of the company’s stock, valued at $16,301,067.86. The disclosure for this sale can be found here. Insiders sold a total of 109,463 shares of company stock valued at $57,194,982 over the last three months. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently modified their holdings of ISRG. Adviser Investments LLC acquired a new position in Intuitive Surgical during the second quarter worth $115,000. Signet Financial Management LLC acquired a new position in Intuitive Surgical during the second quarter worth $115,000. McKinley Carter Wealth Services Inc. acquired a new position in Intuitive Surgical during the first quarter worth $132,000. Kaizen Advisory LLC raised its holdings in Intuitive Surgical by 156.0% during the second quarter. Kaizen Advisory LLC now owns 279 shares of the medical equipment provider’s stock worth $133,000 after purchasing an additional 170 shares during the last quarter. Finally, Psagot Investment House Ltd. acquired a new position in Intuitive Surgical during the second quarter worth $133,000. 84.78% of the stock is owned by hedge funds and other institutional investors.

About Intuitive Surgical (NASDAQ:ISRG)

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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