Schwab Charles Investment Management Inc. lessened its position in shares of Masimo Corporation (NASDAQ:MASI) by 6.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 417,295 shares of the medical equipment provider’s stock after selling 27,206 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.82% of Masimo Corporation worth $38,049,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Dubuque Bank & Trust Co. increased its position in Masimo Corporation by 3.4% during the 2nd quarter. Dubuque Bank & Trust Co. now owns 1,869 shares of the medical equipment provider’s stock valued at $170,000 after purchasing an additional 61 shares during the period. Neuburgh Advisers LLC increased its position in Masimo Corporation by 6.4% during the 1st quarter. Neuburgh Advisers LLC now owns 1,328 shares of the medical equipment provider’s stock valued at $124,000 after purchasing an additional 80 shares during the period. Great West Life Assurance Co. Can increased its position in Masimo Corporation by 0.3% during the 2nd quarter. Great West Life Assurance Co. Can now owns 26,913 shares of the medical equipment provider’s stock valued at $2,452,000 after purchasing an additional 88 shares during the period. Glen Harbor Capital Management LLC increased its position in Masimo Corporation by 6.4% during the 1st quarter. Glen Harbor Capital Management LLC now owns 1,826 shares of the medical equipment provider’s stock valued at $170,000 after purchasing an additional 110 shares during the period. Finally, World Asset Management Inc increased its position in Masimo Corporation by 4.6% during the 2nd quarter. World Asset Management Inc now owns 2,853 shares of the medical equipment provider’s stock valued at $260,000 after purchasing an additional 126 shares during the period. 83.26% of the stock is owned by institutional investors and hedge funds.

In related news, COO Anand Sampath sold 40,000 shares of Masimo Corporation stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $92.00, for a total transaction of $3,680,000.00. Following the sale, the chief operating officer now directly owns 20,000 shares in the company, valued at $1,840,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jon Coleman sold 25,000 shares of Masimo Corporation stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $97.50, for a total value of $2,437,500.00. Following the sale, the insider now owns 32,201 shares in the company, valued at $3,139,597.50. The disclosure for this sale can be found here. Insiders have sold 126,000 shares of company stock worth $11,732,930 over the last three months. Insiders own 16.60% of the company’s stock.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Masimo Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub cut Masimo Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Roth Capital increased their price target 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 upgraded Masimo Corporation from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Monday, August 14th. Finally, Stifel Nicolaus started coverage on Masimo Corporation in a report on Monday, July 10th. They set a “buy” rating and a $105.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. Masimo Corporation has an average rating of “Hold” and an average price target of $95.00.

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Masimo Corporation (NASDAQ MASI) opened at 86.86 on Tuesday. Masimo Corporation has a 12-month low of $53.78 and a 12-month high of $104.71. The firm’s 50 day moving average price is $87.68 and its 200-day moving average price is $91.22. The company has a market capitalization of $4.51 billion, a PE ratio of 14.24 and a beta of 0.84.

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

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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