Principal Financial Group Inc. boosted its position in shares of Masimo Corp. (NASDAQ:MASI) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 319,440 shares of the company’s stock after buying an additional 4,158 shares during the period. Principal Financial Group Inc. owned approximately 0.65% of Masimo Corp. worth $16,776,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of Masimo Corp. by 0.7% in the first quarter. Geode Capital Management LLC now owns 426,362 shares of the company’s stock worth $17,838,000 after buying an additional 3,002 shares during the last quarter. UBS Group AG raised its position in shares of Masimo Corp. by 3.6% in the first quarter. UBS Group AG now owns 19,177 shares of the company’s stock worth $802,000 after buying an additional 663 shares during the last quarter. State Street Corp raised its position in shares of Masimo Corp. by 3.1% in the first quarter. State Street Corp now owns 890,937 shares of the company’s stock worth $37,271,000 after buying an additional 26,485 shares during the last quarter. Zebra Capital Management LLC raised its position in shares of Masimo Corp. by 20.9% in the first quarter. Zebra Capital Management LLC now owns 21,916 shares of the company’s stock worth $917,000 after buying an additional 3,783 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Masimo Corp. during the first quarter worth approximately $2,092,000. Institutional investors and hedge funds own 79.88% of the company’s stock.
Shares of Masimo Corp. (NASDAQ:MASI) traded down 0.03% during mid-day trading on Wednesday, reaching $59.22. The company’s stock had a trading volume of 10,627 shares. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 31.05 and a beta of 0.70. Masimo Corp. has a 52-week low of $33.03 and a 52-week high of $60.52. The firm has a 50 day moving average price of $58.98 and a 200 day moving average price of $51.21.
Masimo Corp. (NASDAQ:MASI) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.16. Masimo Corp. had a return on equity of 29.07% and a net margin of 15.40%. The company had revenue of $172.64 million for the quarter, compared to analyst estimates of $166.02 million. During the same quarter last year, the company posted $0.36 EPS. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, equities analysts predict that Masimo Corp. will post $2.02 EPS for the current fiscal year.
A number of brokerages recently commented on MASI. Zacks Investment Research lowered Masimo Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. BTIG Research reiterated a “hold” rating on shares of Masimo Corp. in a research report on Friday, August 5th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $55.00 price target (up from $52.00) on shares of Masimo Corp. in a research report on Friday, August 5th. Finally, Wedbush reiterated an “outperform” rating and issued a $63.00 price target (up from $60.00) on shares of Masimo Corp. in a research report on Thursday, August 4th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $52.60.
In other news, Director Sanford Fitch sold 3,000 shares of Masimo Corp. stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $53.48, for a total value of $160,440.00. Following the transaction, the director now owns 58,000 shares in the company, valued at approximately $3,101,840. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Joe E. Kiani sold 33,536 shares of Masimo Corp. stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $60.00, for a total value of $2,012,160.00. Following the completion of the transaction, the chief executive officer now owns 152,777 shares in the company, valued at approximately $9,166,620. The disclosure for this sale can be found here. 16.60% of the stock is owned by insiders.
About Masimo Corp.
Masimo Corporation is a medical technology company that develops, manufactures and markets non-invasive patient monitoring products. The Company’s business is measure-through-motion and low-perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include monitoring blood constituents with an optical signature, optical organ oximetry monitoring, electrical brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring.
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