Pictet Asset Management Ltd. Acquires 14,771 Shares of Cooper Companies Inc (COO)

Pictet Asset Management Ltd. lifted its holdings in Cooper Companies Inc (NYSE:COO) by 11.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,300 shares of the medical device company’s stock after buying an additional 14,771 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Cooper Companies were worth $40,547,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COO. Pinkerton Retirement Specialists LLC lifted its stake in Cooper Companies by 6.9% during the 3rd quarter. Pinkerton Retirement Specialists LLC now owns 7,330 shares of the medical device company’s stock valued at $2,032,000 after acquiring an additional 471 shares during the period. Boston Private Wealth LLC bought a new position in Cooper Companies during the 3rd quarter valued at about $213,000. DekaBank Deutsche Girozentrale lifted its stake in Cooper Companies by 4.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 56,276 shares of the medical device company’s stock valued at $14,835,000 after acquiring an additional 2,267 shares during the period. CIBC World Markets Inc. bought a new position in Cooper Companies during the 3rd quarter valued at about $789,000. Finally, FMR LLC lifted its stake in Cooper Companies by 11.3% during the 3rd quarter. FMR LLC now owns 199,586 shares of the medical device company’s stock valued at $55,315,000 after acquiring an additional 20,264 shares during the period. 99.84% of the stock is currently owned by hedge funds and other institutional investors.

In other news, VP Randal Golden sold 1,731 shares of Cooper Companies stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $275.86, for a total transaction of $477,513.66. Following the completion of the sale, the vice president now directly owns 1,154 shares in the company, valued at $318,342.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director A Thomas Bender sold 7,150 shares of Cooper Companies stock in a transaction on Monday, September 24th. The stock was sold at an average price of $269.36, for a total value of $1,925,924.00. Following the sale, the director now owns 18,355 shares of the company’s stock, valued at $4,944,102.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,809 shares of company stock valued at $20,740,667. 1.60% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Cooper Companies from a “sell” rating to a “hold” rating in a research note on Monday, October 1st. Raymond James increased their price objective on shares of Cooper Companies from $270.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, September 21st. Wells Fargo & Co increased their price objective on shares of Cooper Companies from $290.00 to $295.00 and gave the stock an “outperform” rating in a research note on Monday, November 12th. ValuEngine upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating in a research note on Thursday, September 27th. Finally, BMO Capital Markets increased their price objective on shares of Cooper Companies from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Friday, August 31st. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $276.22.

NYSE COO opened at $278.83 on Friday. Cooper Companies Inc has a 12 month low of $216.47 and a 12 month high of $281.75. The company has a market cap of $13.63 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 2.12 and a beta of 0.75. The company has a current ratio of 2.58, a quick ratio of 1.54 and a debt-to-equity ratio of 0.70.

Cooper Companies (NYSE:COO) last announced its quarterly earnings data on Thursday, August 30th. The medical device company reported $3.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.07 by ($0.07). The company had revenue of $660.00 million for the quarter, compared to analysts’ expectations of $653.44 million. Cooper Companies had a net margin of 5.23% and a return on equity of 17.53%. As a group, analysts expect that Cooper Companies Inc will post 11.61 earnings per share for the current year.

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Cooper Companies Company Profile

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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Institutional Ownership by Quarter for Cooper Companies (NYSE:COO)

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