Oregon Public Employees Retirement Fund Has $1.54 Million Holdings in Masimo Corporation (MASI)
Oregon Public Employees Retirement Fund raised its holdings in Masimo Corporation (NASDAQ:MASI) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,781 shares of the medical equipment provider’s stock after acquiring an additional 1,037 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Masimo Corporation were worth $1,539,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Prudential Financial Inc. raised its holdings in Masimo Corporation by 23.9% in the 3rd quarter. Prudential Financial Inc. now owns 685,268 shares of the medical equipment provider’s stock valued at $59,317,000 after acquiring an additional 132,053 shares during the last quarter. American Century Companies Inc. increased 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 worth $41,286,000 after buying an additional 267,489 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of 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 last quarter. Stevens Capital Management LP acquired a new stake in shares of Masimo Corporation during the 3rd quarter worth $1,255,000. Finally, Chicago Equity Partners LLC increased its holdings in shares of Masimo Corporation by 22.1% during the 3rd quarter. Chicago Equity Partners LLC now owns 97,325 shares of the medical equipment provider’s stock worth $8,424,000 after buying an additional 17,630 shares during the last quarter. Institutional investors own 84.94% of the company’s stock.
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A number of research firms have recently commented on MASI. BidaskClub downgraded Masimo Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Roth Capital upped their price objective on Masimo Corporation from $96.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. BTIG Research raised 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 report on Monday, August 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 price target on shares of Masimo Corporation in a research report on Friday, November 3rd. Finally, Zacks Investment Research raised shares of Masimo Corporation from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $97.17.
Masimo Corporation (NASDAQ:MASI) opened at $85.68 on Tuesday. The firm has a market cap of $4,469.04, a PE ratio of 33.14, a price-to-earnings-growth ratio of 2.91 and a beta of 0.75. Masimo Corporation has a 12-month low of $60.03 and a 12-month high of $104.71.
Masimo Corporation (NASDAQ:MASI) last issued its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. The business had revenue of $193.69 million for the quarter, compared to analyst estimates of $189.01 million. Masimo Corporation had a net margin of 45.83% and a return on equity of 22.17%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS. analysts anticipate that Masimo Corporation will post 2.96 EPS for the current year.
In other news, EVP Yongsam Lee sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $89.89, for a total value of $449,450.00. Following the sale, the executive vice president now owns 74,000 shares in the company, valued at approximately $6,651,860. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sanford Fitch sold 11,000 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $87.25, for a total transaction of $959,750.00. Following the completion of the sale, the director now owns 72,249 shares in the company, valued at approximately $6,303,725.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 39,976 shares of company stock worth $3,559,074. Company insiders own 13.10% of the company’s stock.
About Masimo Corporation
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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