State of Alaska Department of Revenue Boosts Holdings in The Cooper Companies, Inc. (NASDAQ:COO)

State of Alaska Department of Revenue grew its holdings in The Cooper Companies, Inc. (NASDAQ:COO) by 3.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,390 shares of the medical device company’s stock after purchasing an additional 680 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cooper Companies were worth $1,972,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Ieq Capital LLC lifted its stake in Cooper Companies by 8.7% in the fourth quarter. Ieq Capital LLC now owns 27,497 shares of the medical device company’s stock worth $2,528,000 after acquiring an additional 2,190 shares during the last quarter. ING Groep NV purchased a new position in Cooper Companies in the fourth quarter worth approximately $555,000. Navellier & Associates Inc. lifted its stake in Cooper Companies by 30.5% in the fourth quarter. Navellier & Associates Inc. now owns 4,168 shares of the medical device company’s stock worth $383,000 after acquiring an additional 975 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Cooper Companies by 44.3% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,120 shares of the medical device company’s stock worth $3,504,000 after acquiring an additional 11,700 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Cooper Companies in the fourth quarter worth approximately $1,985,000. Hedge funds and other institutional investors own 24.39% of the company’s stock.

Analyst Upgrades and Downgrades

COO has been the subject of a number of recent research reports. BNP Paribas upgraded shares of Cooper Companies to a “hold” rating in a research note on Thursday, March 13th. Needham & Company LLC upgraded shares of Cooper Companies from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Tuesday, June 17th. Stifel Nicolaus decreased their price target on shares of Cooper Companies from $115.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Piper Sandler reissued an “overweight” rating and set a $105.00 price objective (down previously from $115.00) on shares of Cooper Companies in a report on Friday, May 30th. Finally, Wall Street Zen cut shares of Cooper Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $99.70.

Cooper Companies Stock Up 0.1%

COO stock opened at $69.52 on Tuesday. The company has a current ratio of 2.10, a quick ratio of 1.23 and a debt-to-equity ratio of 0.30. The Cooper Companies, Inc. has a twelve month low of $65.00 and a twelve month high of $112.38. The company’s 50 day moving average is $77.09 and its two-hundred day moving average is $84.73. The stock has a market cap of $13.90 billion, a P/E ratio of 33.75, a PEG ratio of 1.69 and a beta of 0.98.

Cooper Companies (NASDAQ:COO) last announced its earnings results on Thursday, May 29th. The medical device company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $995.12 million. Cooper Companies had a net margin of 10.39% and a return on equity of 9.60%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 EPS. Research analysts expect 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.