Geode Capital Management LLC Trims Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Geode Capital Management LLC cut its holdings in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 0.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,878,905 shares of the company's stock after selling 9,113 shares during the quarter. Geode Capital Management LLC owned 2.13% of Patterson Companies worth $57,996,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC increased its holdings in shares of Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company's stock valued at $3,619,000 after purchasing an additional 44,906 shares in the last quarter. EMC Capital Management increased its holdings in Patterson Companies by 600.7% in the fourth quarter. EMC Capital Management now owns 16,053 shares of the company's stock valued at $495,000 after buying an additional 13,762 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Patterson Companies by 15.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company's stock valued at $55,546,000 after acquiring an additional 245,376 shares during the period. Tritonpoint Wealth LLC purchased a new stake in shares of Patterson Companies during the 4th quarter worth approximately $264,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Patterson Companies during the 4th quarter worth approximately $518,000. Hedge funds and other institutional investors own 85.43% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Patterson Companies in a report on Saturday, April 12th. They set a "hold" rating for the company. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, Patterson Companies currently has a consensus rating of "Hold" and an average price target of $26.57.

Patterson Companies Price Performance

Patterson Companies stock remained flat at $31.33 during midday trading on Friday. The firm's 50 day moving average price is $31.14 and its 200 day moving average price is $27.61. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The stock has a market cap of $2.77 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

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.