California State Teachers Retirement System Has $29.15 Million Position in The Cooper Companies, Inc. (NASDAQ:COO)

California State Teachers Retirement System cut its stake in shares of The Cooper Companies, Inc. (NASDAQ:COO - Free Report) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 317,055 shares of the medical device company's stock after selling 9,866 shares during the period. California State Teachers Retirement System owned 0.16% of Cooper Companies worth $29,147,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in Cooper Companies by 3.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,370 shares of the medical device company's stock worth $861,000 after purchasing an additional 309 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Cooper Companies during the 4th quarter worth approximately $17,392,000. Jefferies Financial Group Inc. lifted its holdings in Cooper Companies by 138.9% during the 4th quarter. Jefferies Financial Group Inc. now owns 48,514 shares of the medical device company's stock worth $4,460,000 after purchasing an additional 28,204 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Cooper Companies by 12.4% during the 4th quarter. Mackenzie Financial Corp now owns 19,910 shares of the medical device company's stock worth $1,830,000 after purchasing an additional 2,193 shares during the last quarter. Finally, Forum Financial Management LP lifted its holdings in Cooper Companies by 107.3% during the 4th quarter. Forum Financial Management LP now owns 3,840 shares of the medical device company's stock worth $353,000 after purchasing an additional 1,988 shares during the last quarter. 24.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COO has been the subject of several research reports. Citigroup dropped their price target on Cooper Companies from $115.00 to $110.00 and set a "buy" rating for the company in a report on Friday, March 7th. Robert W. Baird lowered their price objective on Cooper Companies from $107.00 to $97.00 and set an "outperform" rating on the stock in a research note on Friday. JPMorgan Chase & Co. restated a "neutral" rating and set a $76.00 price objective (down previously from $110.00) on shares of Cooper Companies in a research note on Friday. BNP Paribas upgraded Cooper Companies to a "hold" rating in a research note on Thursday, March 13th. Finally, Needham & Company LLC restated a "hold" rating on shares of Cooper Companies in a research note on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $100.38.

Cooper Companies Price Performance

Shares of NASDAQ COO traded down $11.02 during mid-day trading on Friday, hitting $68.94. 8,291,770 shares of the stock traded hands, compared to its average volume of 1,538,939. 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 Cooper Companies, Inc. has a twelve month low of $66.03 and a twelve month high of $112.38. The company has a market cap of $13.79 billion, a PE ratio of 35.35, a price-to-earnings-growth ratio of 2.25 and a beta of 1.08. The firm has a 50 day simple moving average of $79.82 and a two-hundred day simple moving average of $88.46.

Cooper Companies (NASDAQ:COO - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The medical device company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.03. Cooper Companies had a return on equity of 9.38% and a net margin of 10.07%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $995.12 million. During the same quarter last year, the business posted $0.85 EPS. Cooper Companies's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts forecast that The Cooper Companies, Inc. will post 3.98 EPS for the current fiscal year.

Cooper Companies Company 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.