Geneva Advisors buys $89,283,367 stake in Edwards Lifesciences Corp (EW)

Edwards Lifesciences Corp (EW) : Geneva Advisors scooped up 251,924 additional shares in Edwards Lifesciences Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 3, 2016. The investment management firm now holds a total of 844,367 shares of Edwards Lifesciences Corp which is valued at $89,283,367.Edwards Lifesciences Corp makes up approximately 1.79% of Geneva Advisors’s portfolio.

Other Hedge Funds, Including , Alexandria Capital added EW to its portfolio by purchasing 548 company shares during the most recent quarter which is valued at $116,406. Edwards Lifesciences Corp makes up approx 0.02% of Alexandria Capital’s portfolio.Transamerica Financial Advisors boosted its stake in EW in the latest quarter, The investment management firm added 2,516 additional shares and now holds a total of 3,708 shares of Edwards Lifesciences Corp which is valued at $401,688. Edwards Lifesciences Corp makes up approx 0.03% of Transamerica Financial Advisors’s portfolio. Umb Bank N Amo added EW to its portfolio by purchasing 18,206 company shares during the most recent quarter which is valued at $1,972,256. Edwards Lifesciences Corp makes up approx 0.08% of Umb Bank N Amo’s portfolio.New York State Teachers Retirement System reduced its stake in EW by selling 105 shares or 0.03% in the most recent quarter. The Hedge Fund company now holds 414,364 shares of EW which is valued at $44,888,052. Edwards Lifesciences Corp makes up approx 0.12% of New York State Teachers Retirement System’s portfolio.

Edwards Lifesciences Corp opened for trading at $106.71 and hit $107.22 on the upside on Tuesday, eventually ending the session at $106.59, with a gain of 0.20% or 0.21 points. The heightened volatility saw the trading volume jump to 8,16,928 shares. Company has a market cap of $22,572 M.

On the company’s financial health, Edwards Lifesciences Corp reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.66. The company had revenue of $697.30 million for the quarter, compared to analysts expectations of $666.93 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS.

Many Wall Street Analysts have commented on Edwards Lifesciences Corp. Company shares were Reiterated by RBC Capital Mkts on Apr 27, 2016 to “Outperform”, Firm has raised the Price Target to $ 125 from a previous price target of $110 .Company shares were Reiterated by Canaccord Genuity on Apr 27, 2016 to “Buy”, Firm has raised the Price Target to $ 123 from a previous price target of $113 .Company shares were Reiterated by Leerink Partners on Apr 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 115 from a previous price target of $93 .

Edwards Lifesciences Corporation is focused on technologies that treat structural heart disease and critically ill patients. The Company is engaged in the development and commercialization of heart valve therapies. It is a manufacturer of heart valve systems and repair products used to replace or repair a patient’s diseased or defective heart valve. The Company develops hemodynamic monitoring systems used to measure a patient’s cardiovascular function in the hospital setting. Patients in the hospital setting including high-risk patients in the operating room or intensive care unit are candidates for having their cardiac function or fluid levels monitored by the its Critical Care products. The Company’s products and technologies it offers to treat advanced cardiovascular disease are categorized into three main areas: Transcatheter Heart Valve Therapy Surgical Heart Valve Therapy and Critical Care.

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