Fox Hill Wealth Management Has $279,000 Holdings in Intuitive Surgical, Inc. $ISRG

Key Points

• Fox Hill Wealth Management reduced its holdings in Intuitive Surgical, Inc. by 90.0% during the 2nd quarter, owning only 514 shares valued at $279,000 after selling 4,640 shares.
• Analysts have varying ratings on Intuitive Surgical, with a consensus rating of "Moderate Buy" and an average target price of $595.95, indicating positive expectations for the stock.
• Insider trading activity includes significant sales, with CEO Gary S. Guthart selling 29,360 shares for over $13.8 million, representing a substantial decrease in his holdings.

Fox Hill Wealth Management reduced its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 90.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 514 shares of the medical equipment provider's stock after selling 4,640 shares during the quarter. Fox Hill Wealth Management's holdings in Intuitive Surgical were worth $279,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Chilton Capital Management LLC boosted its position in Intuitive Surgical by 614.3% in the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock valued at $25,000 after buying an additional 43 shares during the last quarter. Global Financial Private Client LLC boosted its position in Intuitive Surgical by 253.3% in the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock valued at $26,000 after buying an additional 38 shares during the last quarter. Elite Financial Inc. bought a new position in Intuitive Surgical in the 1st quarter valued at $26,000. LFA Lugano Financial Advisors SA bought a new position in Intuitive Surgical in the 1st quarter valued at $30,000. Finally, TD Capital Management LLC boosted its position in Intuitive Surgical by 300.0% in the 1st quarter. TD Capital Management LLC now owns 60 shares of the medical equipment provider's stock valued at $30,000 after buying an additional 45 shares during the last quarter. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Evercore ISI increased their price objective on Intuitive Surgical from $470.00 to $550.00 and gave the company an "in-line" rating in a research report on Tuesday, July 8th. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 20th. Piper Sandler reiterated an "overweight" rating and issued a $595.00 price objective (up from $575.00) on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. UBS Group increased their price target on Intuitive Surgical from $547.00 to $585.00 and gave the company a "neutral" rating in a research note on Wednesday, July 23rd. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $615.00 price target on shares of Intuitive Surgical in a research note on Tuesday, August 19th. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $595.95.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 29,360 shares of the firm's stock in a transaction on Friday, August 29th. The stock was sold at an average price of $472.49, for a total transaction of $13,872,306.40. Following the sale, the insider owned 19,827 shares of the company's stock, valued at approximately $9,368,059.23. This trade represents a 59.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Amy L. Ladd sold 335 shares of the firm's stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $440.69, for a total value of $147,631.15. Following the sale, the director directly owned 739 shares in the company, valued at $325,669.91. The trade was a 31.19% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,224 shares of company stock valued at $21,716,492. 0.70% of the stock is owned by company insiders.

Intuitive Surgical Trading Down 1.4%

Shares of Intuitive Surgical stock opened at $449.68 on Friday. The company has a market capitalization of $161.20 billion, a PE ratio of 62.72, a PEG ratio of 4.78 and a beta of 1.61. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The stock's fifty day simple moving average is $485.67 and its 200 day simple moving average is $508.21.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The medical equipment provider reported $2.19 EPS for the quarter, topping the consensus estimate of $1.93 by $0.26. The business 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 firm's revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. Analysts predict that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

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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