Intuitive Surgical, Inc. $ISRG Shares Sold by Sandhill Capital Partners LLC

Key Points

• Sandhill Capital Partners LLC has reduced its stake in Intuitive Surgical, Inc. by 9.6%, selling 12,448 shares, and now holds a total of 117,285 shares valued at $58.08 million.
• Institutional investors collectively own 83.64% of Intuitive Surgical's stock, with several firms such as Vanguard Group and Wellington Management increasing their holdings in the first quarter.
• Intuitive Surgical reported a strong earnings performance, with $2.44 billion in revenue for the quarter, surpassing analyst expectations and achieving a 21.4% year-over-year growth.

Sandhill Capital Partners LLC cut its stake in shares of Intuitive Surgical, Inc. (NASDAQ:ISRG - Free Report) by 9.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,285 shares of the medical equipment provider's stock after selling 12,448 shares during the period. Intuitive Surgical accounts for about 4.8% of Sandhill Capital Partners LLC's portfolio, making the stock its 4th biggest position. Sandhill Capital Partners LLC's holdings in Intuitive Surgical were worth $58,088,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Chilton Capital Management LLC raised 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 worth $25,000 after buying an additional 43 shares during the period. Parvin Asset Management LLC purchased a new stake in shares of Intuitive Surgical in the fourth quarter worth approximately $26,000. Global Financial Private Client LLC raised its holdings 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 worth $26,000 after buying an additional 38 shares during the period. Elite Financial Inc. purchased a new stake in shares of Intuitive Surgical in the first quarter worth approximately $26,000. Finally, LFA Lugano Financial Advisors SA purchased a new stake in shares of Intuitive Surgical in the first quarter worth approximately $30,000. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ISRG shares. Wells Fargo & Company increased their price target on Intuitive Surgical from $559.00 to $599.00 and gave the stock an "overweight" rating in a report on Wednesday, July 23rd. UBS Group increased their price target on Intuitive Surgical from $547.00 to $585.00 and gave the stock a "neutral" rating in a report on Wednesday, July 23rd. Citigroup reiterated a "buy" rating and issued a $650.00 price target (up from $590.00) on shares of Intuitive Surgical in a report on Thursday, May 22nd. Deutsche Bank Aktiengesellschaft downgraded 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 report on Monday, June 9th. Finally, Wall Street Zen upgraded Intuitive Surgical from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $595.95.

Insider Transactions at Intuitive Surgical

In other news, insider Gary S. Guthart sold 2,800 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $495.24, for a total value of $1,386,672.00. Following the completion of the sale, the insider owned 18,520 shares of the company's stock, valued at $9,171,844.80. This trade represents a 13.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Myriam Curet sold 4,500 shares of the company's 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 directly owned 353 shares in the company, valued at approximately $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 sold 15,839 shares of company stock valued at $7,896,972 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Intuitive Surgical Trading Up 1.3%

Shares of NASDAQ:ISRG traded up $6.28 on Friday, reaching $476.16. The company had a trading volume of 2,023,902 shares, compared to its average volume of 1,973,062. Intuitive Surgical, Inc. has a 52-week low of $425.00 and a 52-week high of $616.00. The firm's 50 day simple moving average is $504.42 and its 200-day simple moving average is $522.06. The firm has a market capitalization of $170.69 billion, a PE ratio of 66.41, a PEG ratio of 4.92 and a beta of 1.59.

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