Swedbank AB Sells 8,000 Shares of Masimo Corporation $MASI

Swedbank AB lessened its holdings in Masimo Corporation (NASDAQ:MASI) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,500 shares of the medical equipment provider’s stock after selling 8,000 shares during the quarter. Swedbank AB’s holdings in Masimo were worth $7,739,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Masimo by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,810,011 shares of the medical equipment provider’s stock valued at $709,717,000 after acquiring an additional 171,876 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Masimo by 1.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,663,875 shares of the medical equipment provider’s stock valued at $346,464,000 after acquiring an additional 43,915 shares during the period. State Street Corp raised its position in shares of Masimo by 0.7% in the 2nd quarter. State Street Corp now owns 1,486,394 shares of the medical equipment provider’s stock valued at $250,041,000 after acquiring an additional 10,403 shares during the period. Westfield Capital Management Co. LP raised its position in shares of Masimo by 20.2% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,419,250 shares of the medical equipment provider’s stock valued at $209,410,000 after acquiring an additional 238,047 shares during the period. Finally, Alyeska Investment Group L.P. raised its position in shares of Masimo by 21.7% in the 3rd quarter. Alyeska Investment Group L.P. now owns 1,381,085 shares of the medical equipment provider’s stock valued at $203,779,000 after acquiring an additional 246,595 shares during the period. Institutional investors own 85.96% of the company’s stock.

Masimo Stock Performance

Shares of MASI stock opened at $178.31 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.47 and a current ratio of 2.68. The company has a market capitalization of $9.34 billion, a P/E ratio of -16.92, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company’s 50 day moving average price is $177.41 and its two-hundred day moving average price is $154.63. Masimo Corporation has a 52 week low of $125.94 and a 52 week high of $179.00.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $180.00 price target on shares of Masimo in a research report on Tuesday, February 17th. Weiss Ratings upgraded shares of Masimo from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Wednesday. Wells Fargo & Company upgraded shares of Masimo to a “hold” rating in a research report on Wednesday, March 18th. Wolfe Research downgraded shares of Masimo from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial downgraded shares of Masimo from an “outperform” rating to a “market perform” rating in a research report on Friday, March 27th. Nine investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $180.40.

About Masimo

Masimo (NASDAQ: MASI) is a global medical technology company specializing in noninvasive monitoring solutions. The company’s flagship technology, Masimo SET® (Signal Extraction Technology), enhances the accuracy of pulse oximetry in challenging clinical conditions. Beyond pulse oximetry, Masimo’s portfolio extends to brain function monitoring, regional oximetry, and acoustic respiration rate monitoring, serving critical, acute, and ambulatory care settings.

In addition to its core monitoring technologies, Masimo offers a range of patient cables, sensors, and connectivity platforms designed to integrate with hospital information systems and remote monitoring applications.