Artisan Partners Limited Partnership significantly reduced its stake in Boston Scientific Corporation (NYSE:BSX) by 44.2% during the third quarter, selling over 3.7 million shares. Despite this, Boston Scientific remains a “Moderate Buy” among analysts with an average price target of $108.36, and the company recently topped its Q4 earnings estimates. Insider selling by EVP Arthur C. Butcher and CEO Michael F. Mahoney was also reported, though institutional investors still own 89.07% of the stock.
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Boston Scientific Corporation $BSX Holdings Lowered by Artisan Partners Limited Partnership
Artisan Partners Limited Partnership significantly reduced its stake in Boston Scientific Corporation (NYSE:BSX) by 44.2% during the third quarter, selling over 3.7 million shares. Despite this, Boston Scientific remains a “Moderate Buy” among analysts with an average price target of $108.36, and the company recently topped its Q4 earnings estimates. Insider selling by EVP Arthur C. Butcher and CEO Michael F. Mahoney was also reported, though institutional investors still own 89.07% of the stock.