Axxcess Wealth Management LLC Cuts Holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG)

Axxcess Wealth Management LLC trimmed its holdings in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,888 shares of the medical equipment provider's stock after selling 594 shares during the period. Axxcess Wealth Management LLC's holdings in Intuitive Surgical were worth $4,402,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Atala Financial Inc acquired a new position in shares of Intuitive Surgical in the 4th quarter worth approximately $25,000. Hurley Capital LLC bought a new position in Intuitive Surgical during the fourth quarter worth about $28,000. Parvin Asset Management LLC bought a new position in Intuitive Surgical during the fourth quarter worth about $26,000. Chilton Capital Management LLC lifted its holdings 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 valued at $25,000 after purchasing an additional 43 shares in the last quarter. Finally, Global Financial Private Client LLC increased its position in shares of Intuitive Surgical by 253.3% in the first quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 83.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ISRG shares. BTIG Research set a $560.00 target price on Intuitive Surgical and gave the stock a "buy" rating in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft downgraded shares of Intuitive Surgical from a "hold" rating to a "sell" rating and reduced their price objective for the stock from $515.00 to $440.00 in a research report on Monday, June 9th. Royal Bank Of Canada cut their price target on Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating for the company in a research note on Wednesday, April 23rd. Citigroup reissued a "buy" rating and set a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Finally, Truist Financial lowered their target price on shares of Intuitive Surgical from $605.00 to $590.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $592.59.

Insider Buying and Selling at Intuitive Surgical

In related news, Director Jami K. Nachtsheim sold 2,400 shares of Intuitive Surgical stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $520.00, for a total value of $1,248,000.00. Following the completion of the transaction, the director directly owned 6,371 shares in the company, valued at approximately $3,312,920. The trade was a 27.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gary Loeb sold 1,700 shares of Intuitive Surgical stock in a transaction on Friday, April 25th. The stock was sold at an average price of $513.18, for a total transaction of $872,406.00. Following the sale, the executive vice president directly owned 2,245 shares of the company's stock, valued at $1,152,089.10. This represents a 43.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,998 shares of company stock worth $2,611,577 in the last quarter. 0.70% of the stock is owned by insiders.

Intuitive Surgical Stock Performance

Shares of ISRG stock traded down $2.08 during trading hours on Thursday, hitting $526.05. The company had a trading volume of 1,423,501 shares, compared to its average volume of 1,675,429. Intuitive Surgical, Inc. has a 12 month low of $413.82 and a 12 month high of $616.00. The firm has a market capitalization of $188.55 billion, a price-to-earnings ratio of 77.13, a PEG ratio of 5.59 and a beta of 1.64. The firm's fifty day moving average is $538.02 and its 200 day moving average is $536.87.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.10. The business had revenue of $2.25 billion during the quarter, compared to analysts' expectations of $2.19 billion. Intuitive Surgical had a return on equity of 14.43% and a net margin of 28.41%. During the same quarter last year, the company posted $1.50 earnings per share. On average, sell-side analysts expect that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

Intuitive Surgical Profile

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.