Rep. Jefferson Shreve Sells Intuitive Surgical, Inc. (NASDAQ:ISRG) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Intuitive Surgical, Inc. NASDAQ: ISRG. In a filing disclosed on May 08th, the Representative disclosed that they had sold between $15,001 and $50,000 in Intuitive Surgical stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Intuitive Surgical Stock Up 0.9%

Shares of NASDAQ:ISRG traded up $4.99 during trading on Tuesday, hitting $566.42. 867,752 shares of the company were exchanged, compared to its average volume of 1,630,402. Intuitive Surgical, Inc. has a 1-year low of $379.67 and a 1-year high of $616.00. The company has a market capitalization of $203.02 billion, a P/E ratio of 88.37, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70. The business's 50 day moving average is $500.80 and its 200-day moving average is $535.38.

Intuitive Surgical (NASDAQ:ISRG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The medical equipment provider reported $1.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.10. The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.19 billion. Intuitive Surgical had a return on equity of 14.55% and a net margin of 27.81%. During the same quarter in the prior year, the company posted $1.50 earnings per share. As a group, sell-side analysts anticipate that Intuitive Surgical, Inc. will post 6.43 earnings per share for the current year.

Insider Transactions at Intuitive Surgical

In other news, EVP Myriam Curet sold 2,401 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $581.00, for a total value of $1,394,981.00. Following the completion of the transaction, the executive vice president now directly owns 353 shares of the company's stock, valued at $205,093. The trade was a 87.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jamie Samath sold 188 shares of the stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $566.94, for a total value of $106,584.72. Following the transaction, the chief financial officer now owns 7,162 shares in the company, valued at $4,060,424.28. This trade represents a 2.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,636 shares of company stock worth $16,829,815. Company insiders own 0.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in shares of Intuitive Surgical by 1.5% during the third quarter. Principal Financial Group Inc. now owns 602,393 shares of the medical equipment provider's stock worth $295,938,000 after purchasing an additional 9,194 shares during the last quarter. World Investment Advisors LLC acquired a new position in shares of Intuitive Surgical in the third quarter valued at approximately $228,000. Nordea Investment Management AB boosted its stake in shares of Intuitive Surgical by 31.7% in the 4th quarter. Nordea Investment Management AB now owns 43,200 shares of the medical equipment provider's stock valued at $22,632,000 after buying an additional 10,405 shares during the period. Diversified Trust Co increased its holdings in Intuitive Surgical by 0.6% in the fourth quarter. Diversified Trust Co now owns 4,383 shares of the medical equipment provider's stock valued at $2,288,000 after buying an additional 25 shares during the last quarter. Finally, Fulton Bank N.A. boosted its position in shares of Intuitive Surgical by 23.1% in the 4th quarter. Fulton Bank N.A. now owns 3,778 shares of the medical equipment provider's stock valued at $1,972,000 after purchasing an additional 708 shares during the period. Hedge funds and other institutional investors own 83.64% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ISRG shares. Leerink Partners boosted their target price on shares of Intuitive Surgical from $490.00 to $548.00 in a report on Monday, January 27th. JPMorgan Chase & Co. raised their price objective on Intuitive Surgical from $575.00 to $675.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Wells Fargo & Company increased their price target on shares of Intuitive Surgical from $630.00 to $687.00 and gave the company an "overweight" rating in a report on Friday, January 24th. UBS Group upped their price objective on Intuitive Surgical from $500.00 to $560.00 and gave the company a "neutral" rating in a research report on Monday, January 27th. Finally, Royal Bank of Canada dropped their price target on shares of Intuitive Surgical from $630.00 to $605.00 and set an "outperform" rating on the stock in a report on Wednesday, April 23rd. Five equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $598.95.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.