Envestnet Asset Management Inc. Has $4.62 Million Position in Patterson Companies, Inc. (NASDAQ:PDCO)

Envestnet Asset Management Inc. cut its position in Patterson Companies, Inc. (NASDAQ:PDCO - Free Report) by 9.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,840 shares of the company's stock after selling 15,829 shares during the period. Envestnet Asset Management Inc. owned about 0.17% of Patterson Companies worth $4,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC lifted its holdings in Patterson Companies by 37.2% during the third quarter. Barclays PLC now owns 165,715 shares of the company's stock worth $3,619,000 after acquiring an additional 44,906 shares in the last quarter. EMC Capital Management grew its stake 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 acquiring an additional 13,762 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Patterson Companies by 15.8% in the fourth 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 acquired a new position in Patterson Companies in the fourth quarter valued at about $264,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Patterson Companies in the fourth quarter valued at about $518,000. 85.43% of the stock is owned by institutional investors.

Patterson Companies Price Performance

Shares of Patterson Companies stock remained flat at $31.33 on Monday. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The business has a 50-day simple moving average of $31.18 and a 200-day simple moving average of $28.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 0.76. The firm has a market cap of $2.77 billion, a PE ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Patterson Companies in a research note on Monday. They issued a "hold" rating for the company. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $26.57.

Patterson Companies 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.