Commonwealth of Pennsylvania Public School Empls Retrmt SYS decreased its position in Masimo Corporation (NASDAQ:MASI) by 49.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,643 shares of the medical equipment provider’s stock after selling 6,467 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Masimo Corporation were worth $606,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. increased its stake in Masimo Corporation by 76.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 802,698 shares of the medical equipment provider’s stock valued at $73,191,000 after buying an additional 347,360 shares during the last quarter. State of Tennessee Treasury Department purchased a new stake in Masimo Corporation in the 2nd quarter valued at about $4,559,000. Cim LLC purchased a new stake in Masimo Corporation in the 2nd quarter valued at about $955,000. Swiss National Bank increased its stake in Masimo Corporation by 2.6% in the 2nd quarter. Swiss National Bank now owns 79,800 shares of the medical equipment provider’s stock valued at $7,276,000 after buying an additional 2,000 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Masimo Corporation by 3.8% in the 2nd quarter. Eagle Asset Management Inc. now owns 30,902 shares of the medical equipment provider’s stock valued at $2,817,000 after buying an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 83.21% of the company’s stock.

In other news, Director Sanford Fitch sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, July 13th. The shares were sold at an average price of $91.89, for a total transaction of $551,340.00. Following the completion of the transaction, the director now directly owns 89,249 shares of the company’s stock, valued at $8,201,090.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Rick Fishel sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The shares were sold at an average price of $92.85, for a total transaction of $1,392,750.00. Following the transaction, the insider now directly owns 35,022 shares of the company’s stock, valued at $3,251,792.70. The disclosure for this sale can be found here. Insiders have sold 126,000 shares of company stock valued at $11,732,930 over the last three months. 16.60% of the stock is owned by corporate insiders.

Shares of Masimo Corporation (MASI) opened at 85.64 on Tuesday. The stock’s 50 day moving average is $86.04 and its 200 day moving average is $91.01. The stock has a market cap of $4.45 billion, a price-to-earnings ratio of 14.04 and a beta of 0.84. Masimo Corporation has a 52 week low of $53.78 and a 52 week high of $104.71.

Masimo Corporation (NASDAQ:MASI) last released its quarterly earnings data on Wednesday, August 2nd. The medical equipment provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.12. Masimo Corporation had a net margin of 45.90% and a return on equity of 23.45%. The firm had revenue of $192.90 million during the quarter, compared to analysts’ expectations of $189.03 million. During the same period in the previous year, the company earned $0.57 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities analysts forecast that Masimo Corporation will post $2.80 EPS for the current year.

Several research firms have commented on MASI. Zacks Investment Research lowered shares of Masimo Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub lowered shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Roth Capital raised their price target on shares of Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BTIG Research upgraded shares of Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research note on Monday, August 14th. Finally, Stifel Nicolaus assumed coverage on shares of Masimo Corporation in a research note on Monday, July 10th. They set a “buy” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Masimo Corporation currently has a consensus rating of “Hold” and a consensus price target of $95.00.

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Masimo Corporation 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.

Institutional Ownership by Quarter for Masimo Corporation (NASDAQ:MASI)

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