Intuitive Surgical, Inc. $ISRG Shares Sold by Apollon Wealth Management LLC

Apollon Wealth Management LLC trimmed its stake in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 8.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,837 shares of the medical equipment provider’s stock after selling 2,046 shares during the quarter. Apollon Wealth Management LLC’s holdings in Intuitive Surgical were worth $10,213,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Tobam lifted its position in Intuitive Surgical by 666.7% in the 2nd quarter. Tobam now owns 46 shares of the medical equipment provider’s stock valued at $25,000 after purchasing an additional 40 shares during the last quarter. Kilter Group LLC bought a new position in Intuitive Surgical in the 2nd quarter worth about $27,000. 1248 Management LLC acquired a new stake in shares of Intuitive Surgical in the first quarter valued at approximately $30,000. Princeton Global Asset Management LLC bought a new stake in shares of Intuitive Surgical during the second quarter valued at approximately $30,000. Finally, Riggs Asset Managment Co. Inc. boosted its position in shares of Intuitive Surgical by 84.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 70 shares of the medical equipment provider’s stock worth $38,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Insider Buying and Selling at Intuitive Surgical

In related news, EVP Myriam Curet sold 104 shares of Intuitive Surgical stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $559.90, for a total value of $58,229.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gary S. Guthart sold 22,806 shares of the business’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $570.89, for a total value of $13,019,717.34. Following the sale, the insider directly owned 2,694 shares in the company, valued at $1,537,977.66. This trade represents a 89.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 114,007 shares of company stock worth $63,533,844. 0.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ISRG has been the topic of several analyst reports. BTIG Research raised their target price on Intuitive Surgical from $529.00 to $589.00 and gave the company a “buy” rating in a research report on Wednesday, October 22nd. Rothschild & Co Redburn increased their price target on Intuitive Surgical from $610.00 to $615.00 and gave the stock a “buy” rating in a research note on Thursday, October 23rd. The Goldman Sachs Group raised their price target on Intuitive Surgical from $567.00 to $621.00 and gave the company a “buy” rating in a report on Wednesday, October 22nd. Leerink Partners lifted their price objective on shares of Intuitive Surgical from $593.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial increased their target price on shares of Intuitive Surgical from $620.00 to $650.00 and gave the company a “buy” rating in a research report on Thursday, December 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $611.08.

Intuitive Surgical Price Performance

Shares of ISRG opened at $577.81 on Friday. The firm’s 50 day moving average is $555.54 and its 200-day moving average is $507.11. Intuitive Surgical, Inc. has a 12-month low of $425.00 and a 12-month high of $616.00. The stock has a market capitalization of $207.13 billion, a P/E ratio of 76.43, a P/E/G ratio of 5.28 and a beta of 1.68.

Intuitive Surgical (NASDAQ:ISRG) last issued its earnings results on Tuesday, October 21st. The medical equipment provider reported $2.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.99 by $0.41. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Intuitive Surgical had a net margin of 28.58% and a return on equity of 15.08%. The firm’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $1.84 earnings per share. As a group, equities research analysts forecast that Intuitive Surgical, Inc. will post 6.43 EPS for the current fiscal year.

About Intuitive Surgical

Intuitive Surgical, founded in 1995 and headquartered in Sunnyvale, California, is a medical technology company focused on the design, manufacture and service of robotic-assisted surgical systems. The company is best known for its da Vinci surgical systems, which enable minimally invasive procedures by translating a surgeon’s hand movements into finer, scaled motions of small instruments inside the patient. Intuitive’s business centers on supplying hospitals and surgical centers with systems, instruments and related technologies that aim to improve precision, visualization and control in the operating room.

In addition to its core surgical platforms, Intuitive markets a portfolio of reusable and disposable instruments, accessories, and proprietary software, and provides training, servicing and clinical support to its customers.