Hyperion Asset Management Ltd Has $92.72 Million Stake in Intuitive Surgical, Inc. $ISRG

Key Points

• Hyperion Asset Management Ltd reduced its stake in Intuitive Surgical, Inc. by 0.6% in Q2, holding 170,631 shares worth approximately $92.72 million, representing about 2.9% of its investment portfolio.
• In addition to Hyperion, several other institutional investors significantly adjusted their positions in Intuitive Surgical, with notable increases from Fortitude Family Office LLC and Bfsg LLC.
• Brokerages have varied ratings and price targets for Intuitive Surgical; Truist Financial and BTIG Research recently raised their price targets to $600.00 and $571.00 respectively, indicating a generally positive outlook.

Hyperion Asset Management Ltd trimmed its holdings in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 170,631 shares of the medical equipment provider's stock after selling 969 shares during the period. Intuitive Surgical comprises about 2.9% of Hyperion Asset Management Ltd's investment portfolio, making the stock its 14th largest holding. Hyperion Asset Management Ltd's holdings in Intuitive Surgical were worth $92,723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hidden Cove Wealth Management LLC acquired a new position in Intuitive Surgical in the second quarter valued at about $205,000. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its stake in Intuitive Surgical by 4.4% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 823 shares of the medical equipment provider's stock valued at $447,000 after acquiring an additional 35 shares during the period. Fortitude Family Office LLC grew its stake in Intuitive Surgical by 592.6% in the second quarter. Fortitude Family Office LLC now owns 651 shares of the medical equipment provider's stock valued at $354,000 after acquiring an additional 557 shares during the period. Bfsg LLC grew its stake in Intuitive Surgical by 15,521.7% in the second quarter. Bfsg LLC now owns 3,593 shares of the medical equipment provider's stock valued at $1,953,000 after acquiring an additional 3,570 shares during the period. Finally, CHICAGO TRUST Co NA lifted its holdings in shares of Intuitive Surgical by 49.5% in the second quarter. CHICAGO TRUST Co NA now owns 2,009 shares of the medical equipment provider's stock valued at $1,092,000 after purchasing an additional 665 shares in the last quarter. 83.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Gary S. Guthart sold 29,360 shares of the stock in a transaction 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 completion of the transaction, the insider directly owned 19,827 shares in the company, valued at approximately $9,368,059.23. This represents a 59.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the stock in a transaction on Friday, July 25th. The shares were 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 owned 353 shares of the company's stock, 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. In the last ninety days, insiders sold 45,224 shares of company stock worth $21,716,492. Insiders own 0.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ISRG. Truist Financial boosted their price target on Intuitive Surgical from $590.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. BTIG Research boosted their price target on Intuitive Surgical from $566.00 to $571.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. Royal Bank Of Canada restated an "outperform" rating and issued a $615.00 price target on shares of Intuitive Surgical in a report on Tuesday, August 19th. Zacks Research lowered Intuitive Surgical from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Piper Sandler restated an "overweight" rating and issued a $595.00 price target (up from $575.00) on shares of Intuitive Surgical in a report on Wednesday, July 23rd. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $595.95.

Intuitive Surgical Trading Up 1.3%

Intuitive Surgical stock opened at $444.55 on Tuesday. Intuitive Surgical, Inc. has a 12 month low of $425.00 and a 12 month high of $616.00. The stock's 50 day moving average is $475.20 and its 200-day moving average is $502.92. The company has a market capitalization of $159.36 billion, a price-to-earnings ratio of 62.00, a PEG ratio of 4.60 and a beta of 1.61.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last issued its earnings results 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 firm 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 revenue was up 21.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. As a group, equities research analysts predict that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current fiscal year.

Intuitive Surgical Company 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.

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