Victory Capital Management Inc. Has $60.14 Million Position in Cooper Companies, Inc. (The) (COO)

Victory Capital Management Inc. reduced its holdings in Cooper Companies, Inc. (The) (NYSE:COO) by 13.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 253,631 shares of the medical device company’s stock after selling 39,209 shares during the quarter. Victory Capital Management Inc. owned approximately 0.52% of Cooper Companies, Inc. (The) worth $60,138,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Cooper Companies, Inc. (The) by 30.6% in the second quarter. Advisory Services Network LLC now owns 457 shares of the medical device company’s stock valued at $109,000 after purchasing an additional 107 shares during the last quarter. YorkBridge Wealth Partners LLC increased its stake in Cooper Companies, Inc. (The) by 2.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 531 shares of the medical device company’s stock valued at $126,000 after purchasing an additional 11 shares during the last quarter. Acrospire Investment Management LLC increased its stake in Cooper Companies, Inc. (The) by 50.0% in the second quarter. Acrospire Investment Management LLC now owns 600 shares of the medical device company’s stock valued at $144,000 after purchasing an additional 200 shares during the last quarter. Visionary Asset Management Inc. acquired a new position in Cooper Companies, Inc. (The) in the second quarter valued at $201,000. Finally, Penserra Capital Management LLC increased its stake in Cooper Companies, Inc. (The) by 13.0% in the second quarter. Penserra Capital Management LLC now owns 884 shares of the medical device company’s stock valued at $211,000 after purchasing an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 95.26% of the company’s stock.

COO has been the subject of several analyst reports. Zacks Investment Research lowered Cooper Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. Robert W. Baird reiterated a “buy” rating and issued a $267.00 target price (up from $251.00) on shares of Cooper Companies, Inc. (The) in a research note on Sunday, September 3rd. KeyCorp reiterated a “hold” rating on shares of Cooper Companies, Inc. (The) in a research note on Monday, August 28th. Piper Jaffray Companies upped their target price on Cooper Companies, Inc. (The) from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $250.00 target price on shares of Cooper Companies, Inc. (The) in a research note on Tuesday, September 12th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $261.11.

Shares of Cooper Companies, Inc. (NYSE COO) opened at $229.27 on Friday. The company has a market capitalization of $11,222.54, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.97 and a beta of 0.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 2.51. Cooper Companies, Inc. has a 12 month low of $158.73 and a 12 month high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last announced its quarterly earnings results on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.58 by $0.06. The company had revenue of $556.00 million during the quarter, compared to analyst estimates of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.30 earnings per share. sell-side analysts anticipate that Cooper Companies, Inc. will post 9.72 EPS for the current fiscal year.

In other news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $244.94, for a total value of $974,126.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is owned by corporate insiders.

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About Cooper Companies, Inc. (The)

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

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Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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