Patterson Companies, Inc. (NASDAQ:PDCO) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its stake in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 217,500 shares of the company's stock after purchasing an additional 34,295 shares during the period. Sei Investments Co. owned 0.25% of Patterson Companies worth $6,712,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new stake in shares of Patterson Companies in the third quarter worth about $536,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Patterson Companies by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,554,566 shares of the company's stock worth $33,952,000 after acquiring an additional 81,524 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Patterson Companies by 31.5% during the third quarter. BNP Paribas Financial Markets now owns 33,257 shares of the company's stock worth $726,000 after buying an additional 7,969 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Patterson Companies during the 3rd quarter valued at about $219,000. Finally, Verition Fund Management LLC increased its holdings in shares of Patterson Companies by 26.9% in the third quarter. Verition Fund Management LLC now owns 59,527 shares of the company's stock valued at $1,300,000 after purchasing an additional 12,633 shares during the last quarter. 85.43% of the stock is owned by hedge funds and other institutional investors.

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Patterson Companies Trading Down 0.2 %

Shares of NASDAQ:PDCO traded down $0.07 during midday trading on Thursday, reaching $31.21. The company's stock had a trading volume of 2,048,957 shares, compared to its average volume of 1,061,604. The business has a 50 day moving average price of $31.10 and a 200 day moving average price of $26.77. Patterson Companies, Inc. has a 1 year low of $19.45 and a 1 year high of $31.79. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.71 and a beta of 0.99. The company has a quick ratio of 0.76, a current ratio of 1.37 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PDCO. Robert W. Baird lifted their target price on shares of Patterson Companies from $25.00 to $31.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. Stifel Nicolaus decreased their price objective on Patterson Companies from $25.00 to $24.00 and set a "hold" rating on the stock in a report on Thursday, December 5th. Morgan Stanley increased their price objective on Patterson Companies from $27.00 to $31.35 and gave the stock an "equal weight" rating in a research report on Tuesday, December 17th. Leerink Partners restated a "market perform" rating and issued a $31.35 target price (up previously from $29.00) on shares of Patterson Companies in a research report on Wednesday, December 11th. Finally, StockNews.com assumed coverage on Patterson Companies in a report on Thursday, March 27th. 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, the company has a consensus rating of "Hold" and a consensus price target of $26.57.

Patterson Companies Company Profile

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.