Swiss National Bank Has $5.08 Million Stock Holdings in Patterson Companies, Inc. (NASDAQ:PDCO)

Swiss National Bank increased its holdings in shares of Patterson Companies, Inc. (NASDAQ:PDCO) by 6.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 164,700 shares of the company’s stock after purchasing an additional 10,400 shares during the period. Swiss National Bank owned approximately 0.19% of Patterson Companies worth $5,083,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PDCO. GAMMA Investing LLC grew its position in shares of Patterson Companies by 103.0% during the 4th quarter. GAMMA Investing LLC now owns 1,340 shares of the company’s stock worth $41,000 after buying an additional 680 shares during the period. Anchor Investment Management LLC grew its holdings in Patterson Companies by 20.5% in the third quarter. Anchor Investment Management LLC now owns 2,350 shares of the company’s stock worth $51,000 after purchasing an additional 400 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Patterson Companies during the third quarter valued at about $65,000. Blue Trust Inc. boosted its position in shares of Patterson Companies by 18.0% during the 4th quarter. Blue Trust Inc. now owns 2,738 shares of the company’s stock worth $84,000 after purchasing an additional 417 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Patterson Companies in the 3rd quarter valued at about $108,000. 85.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PDCO shares. Piper Sandler cut their price target on Patterson Companies from $26.00 to $24.00 and set a “neutral” rating on the stock in a report on Friday, December 6th. StockNews.com assumed coverage on shares of Patterson Companies in a research report on Wednesday, March 19th. They issued a “hold” rating for the company. Stifel Nicolaus lowered their price objective on shares of Patterson Companies from $25.00 to $24.00 and set a “hold” rating on the stock in a report on Thursday, December 5th. Mizuho began coverage on shares of Patterson Companies in a research note on Wednesday, December 4th. They issued a “neutral” rating and a $23.00 price objective on the stock. Finally, Robert W. Baird boosted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Patterson Companies has a consensus rating of “Hold” and an average price target of $26.57.

Patterson Companies Stock Up 0.1 %

Patterson Companies stock opened at $31.20 on Tuesday. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The firm’s 50-day simple moving average is $31.05 and its 200 day simple moving average is $26.30. The stock has a market cap of $2.76 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99.

About Patterson Companies

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.