BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Sells 4,847 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 12.7% in the third quarter, Holdings Channel reports. The firm owned 33,218 shares of the medical device company’s stock after selling 4,847 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Cooper Companies were worth $3,670,000 as of its most recent SEC filing.

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

Cooper Companies Trading Up 0.3 %

Shares of COO stock opened at $103.29 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.18 and a current ratio of 1.99. The stock has a fifty day simple moving average of $105.04 and a two-hundred day simple moving average of $98.66. The firm has a market capitalization of $20.57 billion, a PE ratio of 57.54, a PEG ratio of 2.23 and a beta of 0.97. The Cooper Companies, Inc. has a 52-week low of $82.55 and a 52-week high of $112.38.

Insider Buying and Selling

In other news, CAO Agostino Ricupati sold 1,601 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $108.03, for a total transaction of $172,956.03. Following the completion of the transaction, the chief accounting officer now owns 4,818 shares in the company, valued at $520,488.54. This trade represents a 24.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Albert G. White III sold 114,992 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $110.53, for a total value of $12,710,065.76. Following the completion of the sale, the chief executive officer now owns 165,273 shares in the company, valued at $18,267,624.69. This represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 141,381 shares of company stock worth $15,508,071. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on COO shares. Piper Sandler lifted their price objective 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 upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating in a research note on Tuesday. Wells Fargo & Company boosted their target price on shares of Cooper Companies from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Morgan Stanley increased their price target on shares of Cooper Companies from $95.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $115.00 price objective (up previously from $110.00) on shares of Cooper Companies in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

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.