Isolated photons with high transverse energy have been studied in deep inelastic $ep$ scattering with the ZEUS detector at HERA, using an integrated luminosity of $326\,$ pb$^{-1}$ in the range of exchanged-photon virtuality $10 - 350$ GeV$^2$. Outgoing isolated photons with transverse energy $4Comment: 34 pages, 9 figures