25,243 Shares in The Cooper Companies, Inc. (NASDAQ:COO) Acquired by Eagle Asset Management Inc.

Eagle Asset Management Inc. purchased a new stake in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 25,243 shares of the medical device company's stock, valued at approximately $2,619,000.

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

Insiders Place Their Bets

In other news, CAO Agostino Ricupati sold 1,601 shares of the business'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. The trade was a 24.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Albert G. White III sold 114,992 shares of the company's stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $110.53, for a total transaction of $12,710,065.76. Following the transaction, the chief executive officer now directly owns 165,273 shares in the company, valued at approximately $18,267,624.69. This trade represents a 41.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 256,373 shares of company stock worth $27,637,427 over the last ninety days. Corporate insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COO shares. Piper Sandler increased their target price on Cooper Companies from $115.00 to $120.00 and gave the stock an "overweight" rating in a research report on Thursday, August 29th. Stifel Nicolaus restated a "buy" rating and issued a $115.00 price target (up previously from $110.00) on shares of Cooper Companies in a research note on Thursday, August 29th. StockNews.com lowered shares of Cooper Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on shares of Cooper Companies from $110.00 to $115.00 and gave the stock an "overweight" rating in a research note on Thursday, August 29th. Finally, 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 report on Tuesday, September 10th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $117.00.

Cooper Companies Price Performance

Shares of NASDAQ:COO traded up $0.24 during trading on Tuesday, reaching $102.64. 1,312,089 shares of the company's stock traded hands, compared to its average volume of 1,133,155. The company has a quick ratio of 1.18, a current ratio of 1.99 and a debt-to-equity ratio of 0.33. The firm has a market cap of $20.44 billion, a PE ratio of 57.18, a P/E/G ratio of 2.17 and a beta of 0.99. The company has a 50-day simple moving average of $105.74 and a 200-day simple moving average of $98.39. The Cooper Companies, Inc. has a fifty-two week low of $82.21 and a fifty-two week high of $112.38.

Cooper Companies (NASDAQ:COO - Get Free Report) last announced its earnings results on Wednesday, August 28th. The medical device company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.05. Cooper Companies had a net margin of 9.45% and a return on equity of 9.08%. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $997.30 million. During the same quarter in the previous year, the company posted $0.84 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that The Cooper Companies, Inc. will post 3.65 earnings per share for the current year.

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.