Inceptionr LLC Acquires 7,857 Shares of Boston Scientific Corporation $BSX

Inceptionr LLC grew its holdings in shares of Boston Scientific Corporation (NYSE:BSXFree Report) by 75.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,241 shares of the medical equipment provider’s stock after acquiring an additional 7,857 shares during the period. Boston Scientific comprises approximately 0.4% of Inceptionr LLC’s holdings, making the stock its 20th largest position. Inceptionr LLC’s holdings in Boston Scientific were worth $1,781,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of Boston Scientific by 0.8% during the 4th quarter. Brighton Jones LLC now owns 27,376 shares of the medical equipment provider’s stock valued at $2,445,000 after buying an additional 226 shares in the last quarter. Andra AP fonden purchased a new stake in Boston Scientific in the 2nd quarter worth approximately $41,000. Savant Capital LLC increased its holdings in Boston Scientific by 4.1% in the 2nd quarter. Savant Capital LLC now owns 21,236 shares of the medical equipment provider’s stock worth $2,281,000 after acquiring an additional 834 shares in the last quarter. KCM Investment Advisors LLC raised its stake in Boston Scientific by 9.7% during the 2nd quarter. KCM Investment Advisors LLC now owns 9,930 shares of the medical equipment provider’s stock worth $1,067,000 after acquiring an additional 876 shares during the period. Finally, AE Wealth Management LLC lifted its holdings in Boston Scientific by 6.9% during the second quarter. AE Wealth Management LLC now owns 19,866 shares of the medical equipment provider’s stock valued at $2,134,000 after purchasing an additional 1,280 shares in the last quarter. 89.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BSX. Weiss Ratings cut shares of Boston Scientific from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, February 4th. Wall Street Zen downgraded shares of Boston Scientific from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Barclays cut their price target on Boston Scientific from $136.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, February 3rd. Wells Fargo & Company lowered their price objective on Boston Scientific from $125.00 to $94.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Finally, National Bank Financial set a $115.00 price objective on Boston Scientific in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $108.36.

Read Our Latest Report on Boston Scientific

Insider Activity at Boston Scientific

In related news, CEO Michael F. Mahoney sold 160,901 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $93.49, for a total transaction of $15,042,634.49. Following the completion of the transaction, the chief executive officer directly owned 1,411,735 shares of the company’s stock, valued at approximately $131,983,105.15. This represents a 10.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

More Boston Scientific News

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Boston Scientific Stock Performance

Shares of NYSE BSX opened at $71.24 on Monday. The company has a market cap of $105.71 billion, a P/E ratio of 36.72, a P/E/G ratio of 1.00 and a beta of 0.69. Boston Scientific Corporation has a 52-week low of $70.75 and a 52-week high of $109.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.08 and a current ratio of 1.62. The firm’s fifty day moving average is $85.03 and its two-hundred day moving average is $94.47.

Boston Scientific (NYSE:BSXGet Free Report) last announced its quarterly earnings results on Wednesday, February 4th. The medical equipment provider reported $0.80 EPS for the quarter, topping the consensus estimate of $0.78 by $0.02. The business had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Boston Scientific had a net margin of 14.44% and a return on equity of 19.63%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.70 EPS. Boston Scientific has set its Q1 2026 guidance at 0.780-0.800 EPS and its FY 2026 guidance at 3.430-3.490 EPS. As a group, analysts anticipate that Boston Scientific Corporation will post 2.85 EPS for the current fiscal year.

About Boston Scientific

(Free Report)

Boston Scientific Corporation (NYSE: BSX) is a global medical device company that develops, manufactures and markets a broad portfolio of products used in less-invasive medical procedures. Founded in 1979 by John Abele and Peter Nicholas, the company is headquartered in Marlborough, Massachusetts, and focuses on technologies that enable physicians to treat a wide range of cardiovascular, digestive, urologic, pulmonary and chronic pain conditions without open surgery.

Boston Scientific’s activities span product development, clinical research, regulatory affairs and commercial sales.

See Also

Institutional Ownership by Quarter for Boston Scientific (NYSE:BSX)

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