Panagora Asset Management Inc. cut its holdings in Cooper Companies Inc (NYSE:COO) by 94.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,131 shares of the medical device company’s stock after selling 414,390 shares during the period. Panagora Asset Management Inc.’s holdings in Cooper Companies were worth $6,134,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of COO. Engineers Gate Manager LP purchased a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $208,000. Zeke Capital Advisors LLC purchased a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $209,000. Boston Private Wealth LLC purchased a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $213,000. Raymond James Trust N.A. purchased a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $214,000. Finally, WealthTrust Axiom LLC purchased a new stake in shares of Cooper Companies during the 3rd quarter worth approximately $230,000.
Several analysts have recently issued reports on the company. ValuEngine raised Cooper Companies from a “hold” rating to a “buy” rating in a report on Thursday, September 27th. Zacks Investment Research reaffirmed a “hold” rating and set a $285.00 price objective on shares of Cooper Companies in a report on Monday, November 12th. Oppenheimer set a $270.00 target price on Cooper Companies and gave the company a “hold” rating in a research report on Friday, August 31st. Raymond James boosted their target price on Cooper Companies from $270.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, September 21st. Finally, BMO Capital Markets boosted their target price on Cooper Companies from $280.00 to $285.00 and gave the company an “outperform” rating in a research report on Friday, August 31st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $276.22.
NYSE COO opened at $274.90 on Thursday. The company has a market cap of $13.51 billion, a PE ratio of 28.34, a P/E/G ratio of 2.10 and a beta of 0.77. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.54 and a current ratio of 2.58. Cooper Companies Inc has a fifty-two week low of $216.47 and a fifty-two week high of $283.18.
In other Cooper Companies news, Director Allan E. Rubenstein sold 1,500 shares of the company’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of $265.37, for a total value of $398,055.00. Following the transaction, the director now owns 3,068 shares of the company’s stock, valued at approximately $814,155.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Randal Golden sold 1,731 shares of the company’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $275.86, for a total value of $477,513.66. Following the completion of the transaction, the vice president now directly owns 1,154 shares in the company, valued at approximately $318,342.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,691 shares of company stock worth $5,527,869. Corporate insiders own 1.60% of the company’s stock.
About Cooper Companies
The Cooper Companies, Inc operates as a medical device company worldwide. It operates through CooperVision and CooperSurgical business units. The company develops, manufactures, and markets a range of contact lenses, including spherical lenses, and toric and multifocal lenses that correct near- and farsightedness, as well as addresses various complex visual defects, such as astigmatism and presbyopia.
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