Indivisible Partners bought a new stake in Boston Scientific Corporation (NYSE:BSX – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 60,769 shares of the medical equipment provider’s stock, valued at approximately $5,794,000.
Several other institutional investors also recently bought and sold shares of BSX. Parnassus Investments LLC boosted its stake in Boston Scientific by 42,978.9% in the third quarter. Parnassus Investments LLC now owns 6,884,440 shares of the medical equipment provider’s stock valued at $672,128,000 after acquiring an additional 6,868,459 shares in the last quarter. Egerton Capital UK LLP boosted its stake in Boston Scientific by 223.7% in the third quarter. Egerton Capital UK LLP now owns 5,312,504 shares of the medical equipment provider’s stock valued at $518,660,000 after acquiring an additional 3,671,548 shares in the last quarter. Jennison Associates LLC boosted its stake in Boston Scientific by 133.5% in the third quarter. Jennison Associates LLC now owns 4,938,746 shares of the medical equipment provider’s stock valued at $482,170,000 after acquiring an additional 2,823,744 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new stake in Boston Scientific in the fourth quarter valued at approximately $252,918,000. Finally, Marshall Wace LLP boosted its stake in Boston Scientific by 30.7% in the third quarter. Marshall Wace LLP now owns 9,799,040 shares of the medical equipment provider’s stock valued at $956,680,000 after acquiring an additional 2,301,383 shares in the last quarter. 89.07% of the stock is currently owned by institutional investors and hedge funds.
Boston Scientific Trading Down 1.5%
Shares of Boston Scientific stock opened at $55.98 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.90 and a quick ratio of 1.08. The firm has a fifty day moving average price of $66.69 and a 200 day moving average price of $84.28. Boston Scientific Corporation has a 1 year low of $55.88 and a 1 year high of $109.50. The stock has a market cap of $83.20 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 1.04 and a beta of 0.62.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the stock. Mizuho lowered their target price on shares of Boston Scientific from $115.00 to $90.00 and set an “outperform” rating for the company in a research note on Monday, April 13th. Sanford C. Bernstein reiterated an “outperform” rating and set a $112.00 price objective on shares of Boston Scientific in a research note on Friday, February 6th. Citigroup lowered their price objective on shares of Boston Scientific from $94.00 to $87.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. Daiwa Securities Group downgraded shares of Boston Scientific from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 29th. Finally, BTIG Research lowered their price objective on shares of Boston Scientific from $90.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Boston Scientific has an average rating of “Moderate Buy” and a consensus price target of $93.91.
Get Our Latest Stock Report on BSX
Boston Scientific Company Profile
Boston Scientific Corporation (NYSE: BSX) is a global medical device company that develops, manufactures and markets a broad portfolio of products used in less-invasive medical procedures. Founded in 1979 by John Abele and Peter Nicholas, the company is headquartered in Marlborough, Massachusetts, and focuses on technologies that enable physicians to treat a wide range of cardiovascular, digestive, urologic, pulmonary and chronic pain conditions without open surgery.
Boston Scientific’s activities span product development, clinical research, regulatory affairs and commercial sales.
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