Apollon Wealth Management LLC Acquires 8,029 Shares of Intuitive Surgical, Inc. $ISRG

Key Points

• Apollon Wealth Management LLC increased its stake in Intuitive Surgical by 47.6%, acquiring an additional 8,029 shares to reach a total of 24,883 shares valued at approximately $13.52 million.
• Intuitive Surgical's stock has received varied analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of $589.43.
• Recent insider transactions included Gary S. Guthart selling 29,360 shares valued at around $13.87 million, reflecting significant insider selling activity over the past three months.

Apollon Wealth Management LLC lifted its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 47.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,883 shares of the medical equipment provider's stock after purchasing an additional 8,029 shares during the period. Apollon Wealth Management LLC's holdings in Intuitive Surgical were worth $13,522,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC increased its stake in shares of Intuitive Surgical by 614.3% in the first quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after purchasing an additional 43 shares during the period. Elite Financial Inc. bought a new position in shares of Intuitive Surgical in the first quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new position in shares of Intuitive Surgical in the first quarter worth about $30,000. TD Capital Management LLC increased its stake in shares of Intuitive Surgical by 300.0% in the first quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock worth $30,000 after purchasing an additional 45 shares during the period. Finally, 1248 Management LLC bought a new position in Intuitive Surgical during the first quarter valued at about $30,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Intuitive Surgical in a research note on Wednesday. Evercore ISI lowered their price target on Intuitive Surgical from $535.00 to $450.00 and set an "in-line" rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price target on Intuitive Surgical from $621.00 to $567.00 and set a "buy" rating on the stock in a research note on Wednesday, October 1st. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft restated a "sell" rating on shares of Intuitive Surgical in a research note on Friday, August 22nd. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Intuitive Surgical has a consensus rating of "Moderate Buy" and an average target price of $589.43.

Intuitive Surgical Trading Down 3.2%

NASDAQ ISRG opened at $429.59 on Friday. The stock's 50 day moving average is $458.68 and its two-hundred day moving average is $497.98. The company has a market capitalization of $154.00 billion, a price-to-earnings ratio of 59.91, a PEG ratio of 4.66 and a beta of 1.61. Intuitive Surgical, Inc. has a 1-year low of $425.00 and a 1-year high of $616.00.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.93 by $0.26. The company had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.35 billion. Intuitive Surgical had a return on equity of 14.56% and a net margin of 28.51%.The company's quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.78 earnings per share. On average, analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 29,360 shares of the business's stock in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $472.49, for a total value of $13,872,306.40. Following the transaction, the insider directly owned 19,827 shares of the company's stock, valued at $9,368,059.23. The trade was a 59.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Myriam Curet sold 4,500 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $492.48, for a total value of $2,216,160.00. Following the completion of the transaction, the executive vice president directly owned 353 shares in the company, valued at $173,845.44. The trade was a 92.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,224 shares of company stock valued at $21,716,492 in the last three months. 0.70% of the stock is owned by corporate insiders.

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.

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