Schwab Charles Investment Management Inc. Has $45.42 Million Stake in Cooper Companies Inc (COO)

Schwab Charles Investment Management Inc. reduced its holdings in shares of Cooper Companies Inc (NYSE:COO) by 21.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 191,550 shares of the medical device company’s stock after selling 53,136 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.39% of Cooper Companies worth $45,419,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in shares of Cooper Companies by 558.5% in the 2nd quarter. Janus Henderson Group PLC now owns 2,175,791 shares of the medical device company’s stock valued at $520,937,000 after purchasing an additional 1,845,368 shares during the period. Koch Industries Inc. acquired a new stake in shares of Cooper Companies in the 2nd quarter valued at about $312,000. Voya Investment Management LLC boosted its position in shares of Cooper Companies by 973.4% in the 2nd quarter. Voya Investment Management LLC now owns 329,015 shares of the medical device company’s stock valued at $78,773,000 after purchasing an additional 298,363 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Cooper Companies in the 2nd quarter valued at about $71,050,000. Finally, William Blair Investment Management LLC acquired a new stake in shares of Cooper Companies in the 2nd quarter valued at about $65,037,000. 96.79% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on COO. J P Morgan Chase & Co reissued a “hold” rating and issued a $235.00 target price on shares of Cooper Companies in a research report on Tuesday, September 12th. Oppenheimer reissued a “hold” rating and issued a $250.00 target price on shares of Cooper Companies in a research report on Tuesday, September 12th. Zacks Investment Research cut Cooper Companies from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Robert W. Baird reissued a “buy” rating and issued a $273.00 target price (up from $267.00) on shares of Cooper Companies in a research report on Tuesday, September 12th. Finally, Stifel Nicolaus upped their target price on Cooper Companies from $265.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $260.70.

In other Cooper Companies news, Director Gary S. Petersmeyer sold 3,977 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $244.94, for a total transaction of $974,126.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Cooper Companies Inc (NYSE:COO) traded up $2.18 on Thursday, reaching $234.07. The company’s stock had a trading volume of 497,100 shares, compared to its average volume of 421,463. The company has a current ratio of 2.51, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The stock has a market cap of $11,350.84, a P/E ratio of 24.80, a PEG ratio of 1.94 and a beta of 0.54. Cooper Companies Inc has a 12-month low of $164.27 and a 12-month high of $256.39.

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Cooper Companies Company Profile

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 (NYSE:COO)

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