Intuitive Surgical, Inc. $ISRG Stock Holdings Reduced by AlphaQuest LLC

Key Points

• AlphaQuest LLC significantly reduced its holdings in Intuitive Surgical, Inc. by 86.4%, now owning only 297 shares worth approximately $147,000.
• Several other institutional investors have increased their stakes, with Chilton Capital Management boosting its position by 614.3% to own 50 shares valued at $25,000.
• Intuitive Surgical's stock has a market cap of $169.67 billion and recently reported a quarterly revenue of $2.44 billion, beating analysts' expectations.

AlphaQuest LLC lowered its position in Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 86.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 297 shares of the medical equipment provider's stock after selling 1,885 shares during the quarter. AlphaQuest LLC's holdings in Intuitive Surgical were worth $147,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Chilton Capital Management LLC boosted its stake in shares of Intuitive Surgical by 614.3% during the 1st quarter. Chilton Capital Management LLC now owns 50 shares of the medical equipment provider's stock worth $25,000 after acquiring an additional 43 shares in the last quarter. Global Financial Private Client LLC boosted its stake in shares of Intuitive Surgical by 253.3% during the 1st quarter. Global Financial Private Client LLC now owns 53 shares of the medical equipment provider's stock worth $26,000 after acquiring an additional 38 shares in the last quarter. Elite Financial Inc. bought a new stake in shares of Intuitive Surgical during the 1st quarter worth about $26,000. LFA Lugano Financial Advisors SA bought a new stake in shares of Intuitive Surgical during the 1st quarter worth about $30,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of Intuitive Surgical by 69.8% during the 1st quarter. ST Germain D J Co. Inc. now owns 73 shares of the medical equipment provider's stock worth $36,000 after acquiring an additional 30 shares in the last quarter. Institutional investors own 83.64% of the company's stock.

Insider Buying and Selling

In related news, insider Gary S. Guthart sold 2,800 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $495.24, for a total transaction of $1,386,672.00. Following the sale, the insider directly owned 18,520 shares in the company, valued at $9,171,844.80. This represents a 13.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Mark Brosius sold 216 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $563.11, for a total value of $121,631.76. Following the completion of the transaction, the senior vice president owned 907 shares in the company, valued at $510,740.77. The trade was a 19.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,624 shares of company stock worth $7,778,924 in the last three months. Insiders own 0.70% of the company's stock.

Intuitive Surgical Stock Down 0.1%

Intuitive Surgical stock opened at $473.30 on Monday. The business has a 50 day moving average price of $500.45 and a two-hundred day moving average price of $516.99. The stock has a market cap of $169.67 billion, a price-to-earnings ratio of 66.01, a price-to-earnings-growth ratio of 4.96 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.

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

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and set a $595.00 price target (up previously from $575.00) on shares of Intuitive Surgical in a research note on Wednesday, July 23rd. Erste Group Bank reissued a "hold" rating on shares of Intuitive Surgical in a research report on Wednesday, July 23rd. UBS Group boosted their price objective on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada reissued an "outperform" rating and set a $615.00 price objective on shares of Intuitive Surgical in a research report on Tuesday, August 19th. Finally, Citigroup reissued a "buy" rating and set a $650.00 price objective (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Thirteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $595.95.

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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