New York State Teachers Retirement System Sells 17,685 Shares of The Cooper Companies, Inc. (NASDAQ:COO)

New York State Teachers Retirement System lowered its position in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 9.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 164,879 shares of the medical device company's stock after selling 17,685 shares during the period. New York State Teachers Retirement System owned about 0.08% of Cooper Companies worth $13,908,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of COO. OFI Invest Asset Management acquired a new position in shares of Cooper Companies in the fourth quarter valued at approximately $34,000. City Holding Co. bought a new stake in Cooper Companies during the 1st quarter worth approximately $34,000. New Age Alpha Advisors LLC acquired a new position in Cooper Companies in the 4th quarter valued at approximately $38,000. Covestor Ltd increased its position in Cooper Companies by 35.5% in the 4th quarter. Covestor Ltd now owns 458 shares of the medical device company's stock valued at $42,000 after acquiring an additional 120 shares during the period. Finally, Atala Financial Inc bought a new position in shares of Cooper Companies during the fourth quarter valued at $51,000. 24.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COO has been the topic of several analyst reports. Needham & Company LLC raised shares of Cooper Companies from a "hold" rating to a "buy" rating and set a $94.00 price objective on the stock in a research note on Tuesday, June 17th. BNP Paribas upgraded Cooper Companies to a "hold" rating in a research report on Thursday, March 13th. Piper Sandler restated an "overweight" rating and set a $105.00 price objective (down from $115.00) on shares of Cooper Companies in a research report on Friday, May 30th. UBS Group raised Cooper Companies to a "buy" rating in a research note on Tuesday, June 17th. Finally, Wells Fargo & Company decreased their target price on shares of Cooper Companies from $118.00 to $93.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $99.70.

Cooper Companies Trading Down 0.0%

Shares of Cooper Companies stock traded down $0.01 on Friday, reaching $73.01. 1,492,346 shares of the company's stock were exchanged, compared to its average volume of 1,709,371. The company has a market capitalization of $14.60 billion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 1.79 and a beta of 0.99. The Cooper Companies, Inc. has a 52 week low of $65.00 and a 52 week high of $112.38. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.23 and a current ratio of 2.10. The firm's 50-day moving average is $75.62 and its two-hundred day moving average is $83.33.

Cooper Companies (NASDAQ:COO - Get Free Report) last issued its earnings results on Thursday, May 29th. The medical device company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $995.12 million. Cooper Companies had a net margin of 10.39% and a return on equity of 9.60%. Cooper Companies's revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Sell-side analysts predict that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal 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.