Teacher Retirement System of Texas Reduces Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

Teacher Retirement System of Texas decreased its holdings in The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 3.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,756 shares of the medical device company's stock after selling 6,564 shares during the period. Teacher Retirement System of Texas owned 0.08% of Cooper Companies worth $14,870,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of COO. Raymond James Financial Inc. bought a new stake in Cooper Companies during the 4th quarter valued at $64,826,000. Victory Capital Management Inc. raised its stake in shares of Cooper Companies by 14.6% during the 4th quarter. Victory Capital Management Inc. now owns 4,525,018 shares of the medical device company's stock valued at $415,985,000 after purchasing an additional 574,899 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Cooper Companies by 13.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,930,022 shares of the medical device company's stock valued at $543,979,000 after purchasing an additional 573,908 shares during the period. Wealthfront Advisers LLC lifted its holdings in Cooper Companies by 4,594.1% during the 4th quarter. Wealthfront Advisers LLC now owns 569,812 shares of the medical device company's stock worth $52,383,000 after purchasing an additional 557,673 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt bought a new position in Cooper Companies in the 4th quarter worth about $49,550,000. Hedge funds and other institutional investors own 24.39% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently issued reports on COO. StockNews.com downgraded shares of Cooper Companies from a "buy" rating to a "hold" rating in a report on Wednesday, December 11th. Citigroup lowered their target price on shares of Cooper Companies from $115.00 to $110.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. BNP Paribas upgraded shares of Cooper Companies to a "hold" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. decreased their price target on shares of Cooper Companies from $120.00 to $110.00 and set an "overweight" rating on the stock in a report on Friday, March 7th. Finally, Morgan Stanley dropped their price objective on Cooper Companies from $104.00 to $102.00 and set an "equal weight" rating for the company in a research note on Friday, December 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.25.

Cooper Companies Price Performance

COO stock traded up $0.16 during mid-day trading on Wednesday, hitting $83.86. 1,523,398 shares of the stock were exchanged, compared to its average volume of 1,291,019. The business has a fifty day moving average price of $89.80 and a 200 day moving average price of $97.72. The Cooper Companies, Inc. has a 12 month low of $77.05 and a 12 month high of $112.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.12. The stock has a market capitalization of $16.77 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 2.25 and a beta of 1.02.

Cooper Companies (NASDAQ:COO - Get Free Report) last released its earnings results on Thursday, March 6th. The medical device company reported $0.92 earnings per share for the quarter, hitting analysts' consensus estimates of $0.92. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The company had revenue of $964.70 million during the quarter, compared to the consensus estimate of $981.25 million. On average, sell-side analysts anticipate that The Cooper Companies, Inc. will post 3.98 EPS for the current year.

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.