Cable Hill Partners LLC Sells 97 Shares of Intuitive Surgical, Inc. (NASDAQ:ISRG)

Cable Hill Partners LLC reduced its position in Intuitive Surgical, Inc. (NASDAQ:ISRG) by 13.7% in the first quarter, HoldingsChannel.com reports. The firm owned 613 shares of the medical equipment provider’s stock after selling 97 shares during the period. Cable Hill Partners LLC’s holdings in Intuitive Surgical were worth $316,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Intuitive Surgical in the fourth quarter worth approximately $28,000. Parvin Asset Management LLC bought a new position in shares of Intuitive Surgical in the fourth quarter worth approximately $26,000. Chilton Capital Management LLC boosted its position 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 purchasing an additional 43 shares during the period. Global Financial Private Client LLC boosted its position 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 purchasing an additional 38 shares during the period. Finally, Elite Financial Inc. bought a new position in shares of Intuitive Surgical in the first quarter worth approximately $26,000. 83.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ISRG. Evercore ISI upped their price target on shares of Intuitive Surgical from $470.00 to $550.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 8th. Piper Sandler dropped their target price on shares of Intuitive Surgical from $670.00 to $575.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Citigroup restated a “buy” rating and set a $650.00 target price (up previously from $590.00) on shares of Intuitive Surgical in a research report on Thursday, May 22nd. Robert W. Baird dropped their target price on shares of Intuitive Surgical from $600.00 to $575.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. Finally, Royal Bank Of Canada dropped their target price on shares of Intuitive Surgical from $630.00 to $605.00 and set an “outperform” rating for the company in a research report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $592.86.

Intuitive Surgical Stock Down 0.8%

ISRG stock opened at $512.23 on Wednesday. Intuitive Surgical, Inc. has a 52 week low of $413.82 and a 52 week high of $616.00. The company has a fifty day simple moving average of $537.18 and a two-hundred day simple moving average of $536.37. The firm has a market capitalization of $183.59 billion, a P/E ratio of 75.11, a price-to-earnings-growth ratio of 5.48 and a beta of 1.64.

Intuitive Surgical (NASDAQ:ISRG) last released its quarterly earnings data on Tuesday, April 22nd. The medical equipment provider reported $1.81 EPS for the quarter, beating the consensus estimate of $1.71 by $0.10. Intuitive Surgical had a net margin of 28.41% and a return on equity of 14.43%. The business had revenue of $2.25 billion during the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the business earned $1.50 earnings per share. As a group, analysts anticipate that Intuitive Surgical, Inc. will post 6.43 EPS for the current year.

Insider Activity

In other news, EVP Robert Desantis sold 188 shares of the firm’s stock in a transaction dated Monday, April 28th. The shares were sold at an average price of $515.91, for a total value of $96,991.08. Following the completion of the sale, the executive vice president owned 5,224 shares in the company, valued at approximately $2,695,113.84. This trade represents a 3.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jami K. Nachtsheim sold 2,400 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $520.00, for a total transaction of $1,248,000.00. Following the completion of the sale, the director owned 6,371 shares of the company’s stock, valued at $3,312,920. This trade represents a 27.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,998 shares of company stock worth $2,611,577 over the last 90 days. Insiders own 0.70% of the company’s stock.

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.