BTIM Corp. lowered its stake in Masimo Corp. (NASDAQ:MASI) by 0.3% during the third quarter, Holdings Channel reports. The firm owned 605,458 shares of the company’s stock after selling 2,070 shares during the period. BTIM Corp.’s holdings in Masimo Corp. were worth $36,018,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MASI. Vanguard Group Inc. raised its position in Masimo Corp. by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,893,534 shares of the company’s stock valued at $204,469,000 after buying an additional 90,732 shares during the period. BlackRock Fund Advisors raised its position in Masimo Corp. by 1.2% in the second quarter. BlackRock Fund Advisors now owns 2,902,515 shares of the company’s stock valued at $152,426,000 after buying an additional 34,803 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Masimo Corp. by 0.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,429,437 shares of the company’s stock valued at $75,067,000 after buying an additional 13,204 shares during the period. State Street Corp raised its position in Masimo Corp. by 3.1% in the first quarter. State Street Corp now owns 890,937 shares of the company’s stock valued at $37,271,000 after buying an additional 26,485 shares during the period. Finally, BlackRock Advisors LLC raised its position in Masimo Corp. by 49.7% in the second quarter. BlackRock Advisors LLC now owns 741,931 shares of the company’s stock valued at $38,962,000 after buying an additional 246,358 shares during the period. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Masimo Corp. (NASDAQ:MASI)

Shares of Masimo Corp. (NASDAQ:MASI) traded down 0.16% during midday trading on Wednesday, hitting $62.04. The stock had a trading volume of 51,205 shares. The firm has a market cap of $3.08 billion, a PE ratio of 29.96 and a beta of 0.98. Masimo Corp. has a 12-month low of $33.03 and a 12-month high of $62.62. The firm has a 50-day moving average of $59.35 and a 200 day moving average of $55.78.

Masimo Corp. (NASDAQ:MASI) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.10. The company earned $167.60 million during the quarter, compared to the consensus estimate of $165.51 million. Masimo Corp. had a return on equity of 29.42% and a net margin of 16.31%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 EPS. On average, analysts expect that Masimo Corp. will post $2.14 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This report was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this report on another site, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this report can be read at http://www.dailypolitical.com/2016/11/30/btim-corp-sells-2070-shares-of-masimo-corp-masi.html.

MASI has been the topic of several analyst reports. Wedbush restated an “outperform” rating and set a $63.00 price objective (up from $60.00) on shares of Masimo Corp. in a report on Thursday, August 4th. Piper Jaffray Cos. restated an “overweight” rating and set a $55.00 price objective (up from $52.00) on shares of Masimo Corp. in a report on Friday, August 5th. Zacks Investment Research downgraded Masimo Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Finally, BTIG Research restated a “hold” rating on shares of Masimo Corp. in a report on Friday, August 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Masimo Corp. currently has an average rating of “Buy” and an average price target of $55.00.

In other news, EVP Yongsam Lee sold 30,000 shares of the company’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $60.50, for a total transaction of $1,815,000.00. Following the completion of the sale, the executive vice president now owns 93,000 shares in the company, valued at approximately $5,626,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Anand Sampath sold 65,000 shares of the company’s stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $55.04, for a total value of $3,577,600.00. Following the sale, the chief operating officer now owns 23,171 shares of the company’s stock, valued at approximately $1,275,331.84. The disclosure for this sale can be found here. Insiders own 16.60% of the company’s stock.

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.

5 Day Chart for NASDAQ:MASI

Want to see what other hedge funds are holding MASI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masimo Corp. (NASDAQ:MASI).

Receive News & Ratings for Masimo Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masimo Corp. and related companies with MarketBeat.com's FREE daily email newsletter.