Bessemer Group Inc. Cuts Holdings in Boston Scientific Corporation $BSX

Bessemer Group Inc. lowered its stake in shares of Boston Scientific Corporation (NYSE:BSXFree Report) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,903,213 shares of the medical equipment provider’s stock after selling 16,588 shares during the period. Bessemer Group Inc. owned 0.20% of Boston Scientific worth $283,441,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Steph & Co. bought a new stake in Boston Scientific during the third quarter valued at about $25,000. Financial Consulate Inc. purchased a new stake in shares of Boston Scientific during the third quarter valued at about $25,000. FWL Investment Management LLC bought a new stake in shares of Boston Scientific in the 2nd quarter valued at about $26,000. United Community Bank boosted its holdings in shares of Boston Scientific by 115.7% in the 3rd quarter. United Community Bank now owns 274 shares of the medical equipment provider’s stock valued at $27,000 after buying an additional 147 shares in the last quarter. Finally, Kilter Group LLC purchased a new position in shares of Boston Scientific in the 2nd quarter worth approximately $30,000. Institutional investors own 89.07% of the company’s stock.

Boston Scientific Price Performance

Shares of NYSE BSX opened at $75.50 on Thursday. Boston Scientific Corporation has a 52 week low of $75.00 and a 52 week high of $109.50. The business’s 50 day moving average price is $94.37 and its 200 day moving average price is $99.13. The company has a quick ratio of 0.96, a current ratio of 1.51 and a debt-to-equity ratio of 0.47. The firm has a market cap of $111.92 billion, a P/E ratio of 40.37, a P/E/G ratio of 1.63 and a beta of 0.67.

Boston Scientific (NYSE:BSXGet Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The medical equipment provider reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.02. The company had revenue of $5.29 billion during the quarter, compared to analyst estimates of $5.29 billion. Boston Scientific had a net margin of 14.43% and a return on equity of 19.46%. Boston Scientific’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period last year, the firm posted $0.70 EPS. Boston Scientific has set its Q1 2026 guidance at 0.780-0.800 EPS and its FY 2026 guidance at 3.430-3.490 EPS. On average, sell-side analysts expect that Boston Scientific Corporation will post 2.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BSX shares. Stifel Nicolaus set a $110.00 target price on shares of Boston Scientific in a research report on Wednesday. UBS Group reaffirmed a “buy” rating on shares of Boston Scientific in a research report on Wednesday, December 17th. Barclays lowered their price objective on Boston Scientific from $136.00 to $124.00 and set an “overweight” rating for the company in a research report on Tuesday. Wells Fargo & Company boosted their target price on Boston Scientific from $124.00 to $125.00 and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Boston Scientific in a research note on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $121.84.

View Our Latest Analysis on Boston Scientific

Key Headlines Impacting Boston Scientific

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Insiders Place Their Bets

In other Boston Scientific news, CEO Michael F. Mahoney sold 160,901 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $93.49, for a total value of $15,042,634.49. Following the sale, the chief executive officer directly owned 1,411,735 shares of the company’s stock, valued at approximately $131,983,105.15. This represents a 10.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Arthur C. Butcher sold 17,313 shares of Boston Scientific stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $101.55, for a total value of $1,758,135.15. Following the transaction, the executive vice president owned 23,600 shares of the company’s stock, valued at $2,396,580. The trade was a 42.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.50% of the company’s stock.

About Boston Scientific

(Free Report)

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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Institutional Ownership by Quarter for Boston Scientific (NYSE:BSX)

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