Intuitive Surgical (NASDAQ:ISRG) Shares Gap Down – Should You Sell?

Intuitive Surgical, Inc. (NASDAQ:ISRG) gapped down prior to trading on Friday . The stock had previously closed at $608.66, but opened at $581.90. Intuitive Surgical shares last traded at $584.78, with a volume of 1,014,956 shares traded.

Wall Street Analyst Weigh In

ISRG has been the subject of several research analyst reports. Erste Group Bank upgraded Intuitive Surgical from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Oppenheimer restated a “market perform” rating on shares of Intuitive Surgical in a research report on Friday, October 18th. Leerink Partners increased their price objective on shares of Intuitive Surgical from $489.00 to $502.00 in a report on Thursday, October 17th. Morgan Stanley raised shares of Intuitive Surgical from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $522.00 to $650.00 in a research note on Monday, December 2nd. Finally, Mizuho boosted their price target on shares of Intuitive Surgical from $440.00 to $500.00 in a report on Thursday, October 17th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $566.83.

Intuitive Surgical Trading Down 4.3 %

The firm has a market cap of $207.42 billion, a P/E ratio of 93.47, a price-to-earnings-growth ratio of 5.19 and a beta of 1.39. The business’s fifty day simple moving average is $546.03 and its 200-day simple moving average is $503.38.

Insiders Place Their Bets

In other news, insider Jamie Samath sold 269 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $539.89, for a total transaction of $145,230.41. Following the sale, the insider now owns 8,757 shares in the company, valued at approximately $4,727,816.73. The trade was a 2.98 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Desantis sold 188 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $506.52, for a total transaction of $95,225.76. Following the transaction, the executive vice president now owns 5,506 shares of the company’s stock, valued at $2,788,899.12. This represents a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,475 shares of company stock valued at $22,070,807. 0.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Armistice Capital LLC increased its position in shares of Intuitive Surgical by 65.7% during the second quarter. Armistice Capital LLC now owns 71,227 shares of the medical equipment provider’s stock worth $31,685,000 after acquiring an additional 28,250 shares during the period. AQR Capital Management LLC boosted its position in shares of Intuitive Surgical by 12.6% in the 2nd quarter. AQR Capital Management LLC now owns 42,691 shares of the medical equipment provider’s stock worth $18,958,000 after buying an additional 4,775 shares in the last quarter. APG Asset Management N.V. raised its stake in Intuitive Surgical by 3.4% in the 2nd quarter. APG Asset Management N.V. now owns 234,279 shares of the medical equipment provider’s stock valued at $97,242,000 after purchasing an additional 7,648 shares during the last quarter. DE Burlo Group Inc. acquired a new position in shares of Intuitive Surgical in the 2nd quarter valued at $4,982,000. Finally, Daymark Wealth Partners LLC raised its position in Intuitive Surgical by 3.6% in the second quarter. Daymark Wealth Partners LLC now owns 7,003 shares of the medical equipment provider’s stock valued at $3,115,000 after purchasing an additional 246 shares during the period. 83.64% of the stock is owned by institutional investors and hedge funds.

About Intuitive Surgical

Intuitive Surgical, Inc develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally. The company offers the da Vinci Surgical System that enables complex surgery using a minimally invasive approach; and Ion endoluminal system, which extends its commercial offerings beyond surgery into diagnostic procedures enabling minimally invasive biopsies in the lung.