Boston Scientific Co. (BSX) SVP Sells $114,904.59 in Stock
Boston Scientific Co. (NYSE:BSX) SVP Maulik Nanavaty sold 3,039 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $37.81, for a total value of $114,904.59. Following the completion of the sale, the senior vice president now directly owns 53,299 shares of the company’s stock, valued at $2,015,235.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Maulik Nanavaty also recently made the following trade(s):
- On Friday, March 15th, Maulik Nanavaty sold 3,038 shares of Boston Scientific stock. The stock was sold at an average price of $40.11, for a total value of $121,854.18.
- On Friday, February 15th, Maulik Nanavaty sold 3,039 shares of Boston Scientific stock. The stock was sold at an average price of $40.32, for a total value of $122,532.48.
Shares of Boston Scientific stock opened at $35.11 on Friday. Boston Scientific Co. has a 12 month low of $27.91 and a 12 month high of $41.00. The stock has a market cap of $50.29 billion, a P/E ratio of 23.88, a PEG ratio of 2.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.76 and a quick ratio of 0.54.
Institutional investors have recently made changes to their positions in the stock. 1832 Asset Management L.P. boosted its holdings in Boston Scientific by 187.2% during the 4th quarter. 1832 Asset Management L.P. now owns 1,240,550 shares of the medical equipment provider’s stock valued at $43,836,000 after acquiring an additional 808,650 shares during the period. IFM Investors Pty Ltd boosted its holdings in Boston Scientific by 12.9% during the 1st quarter. IFM Investors Pty Ltd now owns 90,005 shares of the medical equipment provider’s stock valued at $3,454,000 after acquiring an additional 10,276 shares during the period. Amundi Pioneer Asset Management Inc. boosted its holdings in Boston Scientific by 26.1% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 3,727,580 shares of the medical equipment provider’s stock valued at $131,734,000 after acquiring an additional 770,542 shares during the period. Insight Wealth Strategies LLC purchased a new position in Boston Scientific during the 4th quarter valued at about $882,000. Finally, Kovack Advisors Inc. purchased a new position in Boston Scientific during the 4th quarter valued at about $220,000. Institutional investors own 91.70% of the company’s stock.
A number of analysts have issued reports on BSX shares. Canaccord Genuity cut their target price on Boston Scientific from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday. Argus raised their target price on Boston Scientific from $43.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, February 13th. SunTrust Banks reaffirmed a “buy” rating and issued a $47.00 target price on shares of Boston Scientific in a research note on Friday, February 8th. Guggenheim reaffirmed a “buy” rating and issued a $48.00 target price on shares of Boston Scientific in a research note on Friday, February 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $43.00 price target on shares of Boston Scientific in a report on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $40.72.
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About Boston Scientific
Boston Scientific Corporation develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide. It operates through three segments: MedSurg, Rhythm and Neuro, and Cardiovascular. The company offers interventional cardiology products, including drug-eluting coronary stent systems used in the treatment of coronary artery disease; percutaneous coronary interventions therapy products to treat atherosclerosis; intravascular catheter-directed ultrasound imaging catheters, fractional flow reserve devices, and systems for use in coronary arteries and heart chambers, as well as certain peripheral vessels; and structural heart therapy systems.
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