HWG Holdings LP Decreases Stock Position in Boston Scientific Corporation $BSX

HWG Holdings LP cut its position in Boston Scientific Corporation (NYSE:BSXFree Report) by 40.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,934 shares of the medical equipment provider’s stock after selling 23,641 shares during the quarter. Boston Scientific accounts for 0.8% of HWG Holdings LP’s portfolio, making the stock its 20th largest position. HWG Holdings LP’s holdings in Boston Scientific were worth $3,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Boston Scientific in the second quarter valued at about $2,089,937,000. Edgewood Management LLC acquired a new stake in shares of Boston Scientific during the second quarter worth approximately $746,655,000. Parnassus Investments LLC grew its position in shares of Boston Scientific by 42,978.9% during the third quarter. Parnassus Investments LLC now owns 6,884,440 shares of the medical equipment provider’s stock worth $672,128,000 after buying an additional 6,868,459 shares in the last quarter. Egerton Capital UK LLP increased its stake in shares of 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 worth $518,660,000 after buying an additional 3,671,548 shares during the last quarter. Finally, Jennison Associates LLC raised its holdings 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. Hedge funds and other institutional investors own 89.07% of the company’s stock.

Key Headlines Impacting Boston Scientific

Here are the key news stories impacting Boston Scientific this week:

Analysts Set New Price Targets

Several research analysts have weighed in on BSX shares. Stifel Nicolaus decreased their price objective on shares of Boston Scientific from $110.00 to $90.00 and set a “buy” rating for the company in a report on Friday, March 20th. Citigroup reduced their price target on shares of Boston Scientific from $102.00 to $94.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. UBS Group decreased their price target on Boston Scientific from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Weiss Ratings lowered Boston Scientific from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 4th. Finally, Truist Financial cut their price objective on Boston Scientific from $95.00 to $92.00 and set a “buy” rating on the stock in a research note on Wednesday, March 18th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $106.27.

Get Our Latest Research Report on BSX

Boston Scientific Price Performance

Shares of NYSE:BSX opened at $69.70 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.62 and a debt-to-equity ratio of 0.46. Boston Scientific Corporation has a fifty-two week low of $67.56 and a fifty-two week high of $109.50. The firm has a 50-day simple moving average of $78.22 and a 200 day simple moving average of $91.25. The company has a market cap of $103.59 billion, a PE ratio of 35.93, a P/E/G ratio of 1.05 and a beta of 0.69.

Boston Scientific (NYSE:BSXGet Free Report) last issued its 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. Boston Scientific had a net margin of 14.44% and a return on equity of 19.63%. The firm had revenue of $5.29 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the company posted $0.70 earnings per share. Boston Scientific’s revenue was up 15.9% on a year-over-year basis. 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 anticipate that Boston Scientific Corporation will post 2.85 EPS for the current year.

Insider Activity

In related news, CEO Michael F. Mahoney sold 160,901 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $93.49, for a total transaction of $15,042,634.49. Following the completion of the transaction, the chief executive officer owned 1,411,735 shares in the company, valued at $131,983,105.15. The trade was a 10.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.50% of the company’s stock.

Boston Scientific Company Profile

(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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