Swiss National Bank grew its position in shares of Masimo Corporation (NASDAQ:MASI) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,300 shares of the medical equipment provider’s stock after buying an additional 1,500 shares during the quarter. Swiss National Bank owned approximately 157,344.69% of Masimo Corporation worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of MASI. Principal Financial Group Inc. increased its position in shares of Masimo Corporation by 4.9% during the third quarter. Principal Financial Group Inc. now owns 206,175 shares of the medical equipment provider’s stock worth $17,847,000 after acquiring an additional 9,617 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Masimo Corporation by 6.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 17,781 shares of the medical equipment provider’s stock worth $1,539,000 after purchasing an additional 1,037 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Masimo Corporation by 23.9% during the 3rd quarter. Prudential Financial Inc. now owns 685,268 shares of the medical equipment provider’s stock valued at $59,317,000 after purchasing an additional 132,053 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Masimo Corporation by 127.7% during the 3rd quarter. American Century Companies Inc. now owns 476,963 shares of the medical equipment provider’s stock valued at $41,286,000 after purchasing an additional 267,489 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in Masimo Corporation by 60.0% during the 3rd quarter. State of Tennessee Treasury Department now owns 80,000 shares of the medical equipment provider’s stock worth $6,925,000 after buying an additional 30,000 shares during the period. 84.70% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Steven Barker sold 10,000 shares of Masimo Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $90.00, for a total value of $900,000.00. Following the completion of the sale, the director now owns 73,249 shares of the company’s stock, valued at approximately $6,592,410. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yongsam Lee sold 5,000 shares of Masimo Corporation stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $89.89, for a total transaction of $449,450.00. Following the completion of the sale, the executive vice president now directly owns 74,000 shares of the company’s stock, valued at approximately $6,651,860. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,976 shares of company stock worth $2,599,324. Corporate insiders own 13.10% of the company’s stock.
Several equities research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price objective (up from $105.00) on shares of Masimo Corporation in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Thursday, November 2nd. BTIG Research raised Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Monday, August 14th. Finally, BidaskClub lowered Masimo Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $97.17.
Masimo Corporation (NASDAQ MASI) opened at $88.58 on Wednesday. Masimo Corporation has a 1 year low of $60.31 and a 1 year high of $104.71. The company has a market capitalization of $4,512.44, a P/E ratio of 33.46, a P/E/G ratio of 2.94 and a beta of 0.75.
Masimo Corporation (NASDAQ:MASI) last announced its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. Masimo Corporation had a return on equity of 22.17% and a net margin of 45.83%. The firm had revenue of $193.69 million for the quarter, compared to analysts’ expectations of $189.01 million. During the same quarter in the prior year, the firm earned $0.52 EPS. Masimo Corporation’s quarterly revenue was up 15.6% on a year-over-year basis. analysts expect that Masimo Corporation will post 2.95 earnings per share for the current fiscal year.
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Masimo Corporation Company Profile
Masimo Corporation is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company’s business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry.
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