Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in The Cooper Companies, Inc. (NASDAQ:COO) by 28.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,261 shares of the medical device company’s stock after buying an additional 10,045 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cooper Companies were worth $4,994,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Cooper Companies by 43.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 35,233 shares of the medical device company’s stock worth $3,076,000 after purchasing an additional 10,616 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Cooper Companies during the second quarter worth approximately $501,000. BDF Gestion purchased a new stake in Cooper Companies in the second quarter valued at approximately $2,919,000. Assenagon Asset Management S.A. lifted its stake in Cooper Companies by 30.9% in the second quarter. Assenagon Asset Management S.A. now owns 535,909 shares of the medical device company’s stock valued at $46,785,000 after buying an additional 126,371 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cooper Companies by 23.0% in the third quarter. Victory Capital Management Inc. now owns 3,950,119 shares of the medical device company’s stock valued at $435,856,000 after acquiring an additional 737,726 shares during the period. 24.39% of the stock is owned by hedge funds and other institutional investors.

Cooper Companies Price Performance

Cooper Companies stock opened at $103.00 on Tuesday. The company has a market cap of $20.51 billion, a P/E ratio of 58.03, a price-to-earnings-growth ratio of 2.26 and a beta of 0.99. The Cooper Companies, Inc. has a one year low of $82.55 and a one year high of $112.38. The business has a fifty day moving average of $105.18 and a two-hundred day moving average of $98.62. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99.

Insider Activity

In related news, CFO Brian G. Andrews sold 24,788 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $105.90, for a total value of $2,625,049.20. Following the sale, the chief financial officer now directly owns 6,614 shares in the company, valued at $700,422.60. The trade was a 78.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Daniel G. Mcbride sold 114,992 shares of the firm’s 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 owns 44,696 shares of the company’s stock, valued at $4,714,534.08. This trade represents a 72.01 % decrease in their ownership of the stock. 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on COO. Stifel Nicolaus reiterated a “buy” rating and issued a $115.00 price target (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Morgan Stanley upped their target price on shares of Cooper Companies from $95.00 to $104.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Piper Sandler raised their price target on Cooper Companies from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. StockNews.com downgraded Cooper Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cooper Companies in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Cooper Companies currently has an average rating of “Moderate Buy” and an average target price of $117.00.

Cooper Companies Company Profile

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.