Fisher Asset Management LLC Has $4.84 Million Position in The Cooper Companies, Inc. (NASDAQ:COO)

Fisher Asset Management LLC lowered its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 12,788 shares of the medical device company’s stock after selling 349 shares during the period. Fisher Asset Management LLC’s holdings in Cooper Companies were worth $4,839,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in COO. Wellington Management Group LLP grew its stake in Cooper Companies by 34.8% during the fourth quarter. Wellington Management Group LLP now owns 8,189 shares of the medical device company’s stock worth $3,099,000 after buying an additional 2,116 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in Cooper Companies by 12.4% in the fourth quarter. Congress Asset Management Co. MA now owns 358,581 shares of the medical device company’s stock valued at $135,701,000 after acquiring an additional 39,653 shares during the last quarter. American International Group Inc. boosted its stake in Cooper Companies by 1.0% in the fourth quarter. American International Group Inc. now owns 13,229 shares of the medical device company’s stock valued at $5,006,000 after acquiring an additional 137 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Cooper Companies in the fourth quarter valued at approximately $406,000. Finally, Syon Capital LLC bought a new position in Cooper Companies in the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 24.39% of the company’s stock.

Analyst Ratings Changes

COO has been the topic of several analyst reports. Robert W. Baird increased their target price on shares of Cooper Companies from $116.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, May 31st. Citigroup increased their target price on shares of Cooper Companies from $108.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd. Stifel Nicolaus reiterated a “buy” rating and issued a $110.00 target price (up from $105.00) on shares of Cooper Companies in a report on Friday, March 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cooper Companies in a report on Friday, May 31st. Finally, JPMorgan Chase & Co. upgraded shares of Cooper Companies from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $100.00 to $120.00 in a report on Wednesday, March 13th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Cooper Companies currently has an average rating of “Moderate Buy” and an average target price of $111.42.

Cooper Companies Stock Up 0.1 %

Cooper Companies stock opened at $91.73 on Friday. The company has a market cap of $18.27 billion, a P/E ratio of 53.88, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02. The Cooper Companies, Inc. has a 1-year low of $75.93 and a 1-year high of $104.07. The company has a fifty day simple moving average of $93.08 and a 200 day simple moving average of $94.58. The company has a current ratio of 1.95, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

Cooper Companies (NASDAQ:COO) last released its earnings results on Thursday, May 30th. The medical device company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The business had revenue of $942.60 million during the quarter, compared to the consensus estimate of $948.07 million. Cooper Companies had a net margin of 9.11% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.77 earnings per share. Research analysts anticipate that The Cooper Companies, Inc. will post 3.57 earnings per share for the current fiscal year.

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.