Jennison Associates LLC Raises Holdings in Masimo Corporation (MASI)

Jennison Associates LLC grew its stake in shares of Masimo Corporation (NASDAQ:MASI) by 69.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,712 shares of the medical equipment provider’s stock after acquiring an additional 8,062 shares during the period. Jennison Associates LLC’s holdings in Masimo Corporation were worth $1,706,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. BlackRock Inc. raised its position in shares of Masimo Corporation by 7.5% in the second quarter. BlackRock Inc. now owns 7,915,230 shares of the medical equipment provider’s stock valued at $721,710,000 after buying an additional 550,995 shares in the last quarter. Koch Industries Inc. raised its position in shares of Masimo Corporation by 5,053.7% in the second quarter. Koch Industries Inc. now owns 443,939 shares of the medical equipment provider’s stock valued at $439,000 after buying an additional 435,325 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Masimo Corporation by 28.0% in the second quarter. Acadian Asset Management LLC now owns 1,791,597 shares of the medical equipment provider’s stock valued at $163,356,000 after buying an additional 392,410 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Masimo Corporation by 76.3% in the second 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 in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Masimo Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 4,935,693 shares of the medical equipment provider’s stock valued at $450,036,000 after buying an additional 318,060 shares in the last quarter. Hedge funds and other institutional investors own 84.70% of the company’s stock.

A number of research firms have recently weighed in on MASI. BidaskClub downgraded shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. BTIG Research raised shares of Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Monday, August 14th. Zacks Investment Research cut shares of Masimo Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $108.00 target price (up previously from $105.00) on shares of Masimo Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Masimo Corporation has a consensus rating of “Hold” and a consensus target price of $97.17.

In other news, Director Steven Barker sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $90.00, for a total transaction of $900,000.00. Following the completion of the sale, the director now directly owns 73,249 shares of the company’s stock, valued at $6,592,410. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Yongsam Lee sold 13,976 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $89.43, for a total transaction of $1,249,873.68. Following the sale, the executive vice president now directly owns 74,000 shares of the company’s stock, valued at $6,617,820. The disclosure for this sale can be found here. Over the last three months, insiders have sold 28,976 shares of company stock valued at $2,599,324. 13.10% of the stock is currently owned by insiders.

Masimo Corporation (NASDAQ:MASI) opened at $86.55 on Monday. Masimo Corporation has a fifty-two week low of $60.31 and a fifty-two week high of $104.71. The firm has a market cap of $4,472.14, a PE ratio of 33.16, a PEG ratio of 2.92 and a beta of 0.75.

Masimo Corporation (NASDAQ:MASI) last posted its earnings results on Tuesday, October 31st. The medical equipment provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.53 by $0.17. The company had revenue of $193.69 million during the quarter, compared to the consensus estimate of $189.01 million. Masimo Corporation had a net margin of 45.83% and a return on equity of 22.17%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. equities research analysts expect that Masimo Corporation will post 2.95 earnings per share for the current fiscal year.

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

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