Westfield Capital Management Co. LP Sells 113,177 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

Westfield Capital Management Co. LP trimmed its holdings in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 545,844 shares of the medical device company’s stock after selling 113,177 shares during the period. Westfield Capital Management Co. LP’s holdings in Cooper Companies were worth $60,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quent Capital LLC lifted its position in Cooper Companies by 300.0% during the first quarter. Quent Capital LLC now owns 828 shares of the medical device company’s stock valued at $84,000 after purchasing an additional 621 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Cooper Companies by 300.0% in the 1st quarter. Acadian Asset Management LLC now owns 720 shares of the medical device company’s stock worth $73,000 after buying an additional 540 shares during the last quarter. O Shaughnessy Asset Management LLC grew its holdings in shares of Cooper Companies by 443.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,876 shares of the medical device company’s stock worth $495,000 after acquiring an additional 3,979 shares during the period. Lazard Asset Management LLC increased its position in Cooper Companies by 207.6% during the first quarter. Lazard Asset Management LLC now owns 4,759 shares of the medical device company’s stock valued at $482,000 after acquiring an additional 3,212 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Cooper Companies by 302.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 283,380 shares of the medical device company’s stock valued at $28,753,000 after acquiring an additional 212,908 shares during the last quarter. Institutional investors own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on COO shares. Morgan Stanley boosted their price target on Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. StockNews.com downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Piper Sandler upped their price target on shares of Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research note on Thursday, August 29th. Finally, Robert W. Baird increased their price objective on shares of Cooper Companies from $118.00 to $125.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $117.00.

Cooper Companies Stock Up 0.9 %

Shares of NASDAQ:COO opened at $100.80 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.99 and a quick ratio of 1.18. The business has a 50 day simple moving average of $105.91 and a two-hundred day simple moving average of $98.34. The Cooper Companies, Inc. has a 1 year low of $82.21 and a 1 year high of $112.38. The firm has a market capitalization of $20.08 billion, a PE ratio of 56.16, a price-to-earnings-growth ratio of 2.17 and a beta of 0.99.

Cooper Companies (NASDAQ:COO) last released its earnings results on Wednesday, August 28th. The medical device company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.05. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $997.30 million. Cooper Companies had a return on equity of 9.08% and a net margin of 9.45%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. On average, equities analysts predict that The Cooper Companies, Inc. will post 3.65 EPS for the current year.

Insider Activity at Cooper Companies

In other Cooper Companies news, COO Daniel G. Mcbride sold 114,992 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $105.48, for a total transaction of $12,129,356.16. Following the transaction, the chief operating officer now directly owns 44,696 shares in the company, valued at $4,714,534.08. This represents a 72.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Agostino Ricupati sold 1,601 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $108.03, for a total transaction of $172,956.03. Following the transaction, the chief accounting officer now directly owns 4,818 shares in the company, valued at $520,488.54. This trade represents a 24.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 256,373 shares of company stock worth $27,637,427 in the last 90 days. 2.00% of the stock is owned by corporate insiders.

About Cooper Companies

The Cooper Companies, Inc, together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The CooperVision segment provides spherical lense, including lenses that correct near and farsightedness; and toric and multifocal lenses comprising lenses correcting vision challenges, such as astigmatism, presbyopia, and myopia in the Americas, Europe, Middle East, Africa, and Asia Pacific.