Highland Capital Management LLC Purchases Shares of 43,560 The Cooper Companies, Inc. (NASDAQ:COO)

Highland Capital Management LLC acquired a new position in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 43,560 shares of the medical device company's stock, valued at approximately $4,004,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Victory Capital Management Inc. raised its stake 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 worth $435,856,000 after purchasing an additional 737,726 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Cooper Companies by 194.0% in the third quarter. Franklin Resources Inc. now owns 48,892 shares of the medical device company's stock worth $5,265,000 after purchasing an additional 32,260 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Cooper Companies by 6.6% in the third quarter. Principal Financial Group Inc. now owns 238,305 shares of the medical device company's stock worth $26,295,000 after purchasing an additional 14,687 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cooper Companies by 13.2% in the third quarter. JPMorgan Chase & Co. now owns 4,930,022 shares of the medical device company's stock worth $543,979,000 after purchasing an additional 573,908 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Cooper Companies by 51.4% in the third quarter. Bank of Montreal Can now owns 326,520 shares of the medical device company's stock worth $35,845,000 after purchasing an additional 110,878 shares during the last quarter. 24.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COO shares. Needham & Company LLC reaffirmed a "hold" rating on shares of Cooper Companies in a research report on Friday, December 6th. Citigroup decreased their price target on Cooper Companies from $116.00 to $115.00 and set a "buy" rating for the company in a research report on Friday, December 6th. Morgan Stanley decreased their price target on Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating for the company in a research report on Friday, December 6th. Wells Fargo & Company increased their price target on Cooper Companies from $115.00 to $118.00 and gave the company an "overweight" rating in a research report on Friday, December 6th. Finally, StockNews.com downgraded Cooper Companies from a "buy" rating to a "hold" rating in a research report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Cooper Companies currently has an average rating of "Moderate Buy" and a consensus price target of $117.00.

Cooper Companies Stock Performance

Shares of Cooper Companies stock traded up $0.49 during trading hours on Thursday, reaching $98.49. The company had a trading volume of 572,983 shares, compared to its average volume of 1,397,665. The firm has a market cap of $19.66 billion, a PE ratio of 50.75, a price-to-earnings-growth ratio of 2.41 and a beta of 0.99. The Cooper Companies, Inc. has a one year low of $84.76 and a one year high of $112.38. The business has a fifty day simple moving average of $95.91 and a 200 day simple moving average of $99.54. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12.

Cooper Companies (NASDAQ:COO - Get Free Report) last posted its quarterly earnings data on Thursday, December 5th. The medical device company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The firm's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter last year, the company earned $0.87 earnings per share. On average, analysts anticipate that The Cooper Companies, Inc. will post 3.98 earnings per share for the current fiscal year.

Cooper Companies 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.