Neuberger Berman Group LLC lowered its holdings in shares of Cooper Companies, Inc. (The) (NYSE:COO) by 2.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,143 shares of the medical device company’s stock after selling 2,570 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.18% of Cooper Companies, Inc. (The) worth $20,864,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC increased its position in shares of Cooper Companies, Inc. (The) by 18.5% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 520 shares of the medical device company’s stock valued at $105,000 after purchasing an additional 81 shares during the last quarter. Archford Capital Strategies LLC increased its position in shares of Cooper Companies, Inc. (The) by 116.7% during the 1st quarter. Archford Capital Strategies LLC now owns 674 shares of the medical device company’s stock valued at $135,000 after purchasing an additional 363 shares during the last quarter. Penserra Capital Management LLC increased its position in shares of Cooper Companies, Inc. (The) by 9.5% during the 1st quarter. Penserra Capital Management LLC now owns 782 shares of the medical device company’s stock valued at $156,000 after purchasing an additional 68 shares during the last quarter. Visionary Asset Management Inc. purchased a new stake in shares of Cooper Companies, Inc. (The) during the 2nd quarter valued at about $201,000. Finally, Pacer Advisors Inc. increased its position in shares of Cooper Companies, Inc. (The) by 3.8% during the 1st quarter. Pacer Advisors Inc. now owns 848 shares of the medical device company’s stock valued at $170,000 after purchasing an additional 31 shares during the last quarter. 96.10% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Randal Golden sold 1,621 shares of the business’s stock in a transaction that occurred on Tuesday, July 11th. The stock was sold at an average price of $243.65, for a total transaction of $394,956.65. Following the completion of the sale, the vice president now directly owns 1,731 shares in the company, valued at $421,758.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul L. Remmell sold 9,294 shares of the business’s stock in a transaction that occurred on Friday, July 14th. The stock was sold at an average price of $248.46, for a total value of $2,309,187.24. Following the sale, the chief executive officer now owns 6,186 shares of the company’s stock, valued at $1,536,973.56. The disclosure for this sale can be found here. Insiders sold 22,423 shares of company stock valued at $5,496,073 over the last 90 days. Company insiders own 1.60% of the company’s stock.

Several research firms have recently commented on COO. Oppenheimer Holdings, Inc. set a $225.00 price target on shares of Cooper Companies, Inc. (The) and gave the company a “hold” rating in a research report on Saturday, June 3rd. Jefferies Group LLC set a $250.00 price target on shares of Cooper Companies, Inc. (The) and gave the company a “buy” rating in a research report on Thursday, August 17th. Cleveland Research reaffirmed a “buy” rating on shares of Cooper Companies, Inc. (The) in a research report on Tuesday, August 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a $272.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Friday, September 1st. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $251.00 price target on shares of Cooper Companies, Inc. (The) in a research report on Thursday, August 24th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $247.67.

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Shares of Cooper Companies, Inc. (NYSE COO) opened at 241.14 on Thursday. The stock has a market capitalization of $11.78 billion, a price-to-earnings ratio of 36.15 and a beta of 0.59. The company has a 50-day moving average of $245.63 and a 200 day moving average of $222.39. Cooper Companies, Inc. has a 12-month low of $158.73 and a 12-month high of $256.39.

Cooper Companies, Inc. (The) (NYSE:COO) last posted its quarterly earnings data on Thursday, August 31st. The medical device company reported $2.64 EPS for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.06. The business had revenue of $556 million during the quarter, compared to analysts’ expectations of $552.32 million. Cooper Companies, Inc. (The) had a return on equity of 16.00% and a net margin of 16.45%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 earnings per share. Analysts predict that Cooper Companies, Inc. will post $9.70 earnings per share for the current year.

About Cooper Companies, Inc. (The)

The Cooper Companies, Inc is a global medical device company. The Company operates through two business units: CooperVision, Inc and CooperSurgical, Inc CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses.

Institutional Ownership by Quarter for Cooper Companies, Inc. (The) (NYSE:COO)

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