Simplify Asset Management Inc. Has $554,000 Stake in The Cooper Companies, Inc. (NYSE:COO)

Simplify Asset Management Inc. boosted its position in shares of The Cooper Companies, Inc. (NYSE:COO – Get Rating) by 8.6% in the fourth quarter, Holdings Channel reports. The fund owned 1,676 shares of the medical device company’s stock after acquiring an additional 133 shares during the period. Simplify Asset Management Inc.’s holdings in Cooper Companies were worth $554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of COO. Greenwood Capital Associates LLC acquired a new position in Cooper Companies during the 4th quarter worth $25,000. Belpointe Asset Management LLC acquired a new position in Cooper Companies during the 4th quarter worth $30,000. Denali Advisors LLC acquired a new position in Cooper Companies during the 4th quarter worth $33,000. CI Investments Inc. lifted its position in Cooper Companies by 60.7% during the 3rd quarter. CI Investments Inc. now owns 135 shares of the medical device company’s stock worth $36,000 after acquiring an additional 51 shares during the last quarter. Finally, Standard Family Office LLC acquired a new position in Cooper Companies during the 3rd quarter worth $37,000. Institutional investors and hedge funds own 96.78% of the company’s stock.

Insiders Place Their Bets

In other Cooper Companies news, CAO Agostino Ricupati sold 1,000 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $370.00, for a total transaction of $370,000.00. Following the sale, the chief accounting officer now directly owns 863 shares of the company’s stock, valued at $319,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Cooper Companies news, CAO Agostino Ricupati sold 1,000 shares of the company’s stock in a transaction dated Friday, March 31st. The shares were sold at an average price of $370.00, for a total transaction of $370,000.00. Following the sale, the chief accounting officer now directly owns 863 shares of the company’s stock, valued at $319,310. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Gerard H. Warner III sold 1,216 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The stock was sold at an average price of $340.53, for a total transaction of $414,084.48. Following the transaction, the chief operating officer now owns 1,290 shares in the company, valued at $439,283.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,726 shares of company stock valued at $13,451,962. 2.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

COO has been the subject of a number of research analyst reports. Piper Sandler upped their price objective on shares of Cooper Companies from $375.00 to $430.00 in a research report on Wednesday. Robert W. Baird upped their price objective on shares of Cooper Companies from $371.00 to $385.00 in a research report on Friday, March 3rd. Citigroup upped their price objective on shares of Cooper Companies from $372.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, April 3rd. Wells Fargo & Company upped their price objective on shares of Cooper Companies from $355.00 to $430.00 in a research report on Monday, May 15th. Finally, Mizuho upped their price objective on shares of Cooper Companies from $390.00 to $400.00 in a research report on Tuesday, April 18th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $398.80.

Cooper Companies Price Performance

NYSE COO traded down $1.77 on Friday, reaching $369.67. The company’s stock had a trading volume of 146,903 shares, compared to its average volume of 284,049. The firm has a market cap of $18.28 billion, a PE ratio of 49.20, a price-to-earnings-growth ratio of 2.70 and a beta of 0.91. The business has a 50-day moving average price of $374.74 and a 200 day moving average price of $345.80. The Cooper Companies, Inc. has a 52 week low of $244.21 and a 52 week high of $395.20. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.36.

Cooper Companies (NYSE:COO – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The medical device company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.24. The firm had revenue of $858.50 million for the quarter, compared to analysts’ expectations of $834.90 million. Cooper Companies had a net margin of 11.10% and a return on equity of 8.39%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.24 earnings per share. Sell-side analysts expect that The Cooper Companies, Inc. will post 12.73 EPS for the current year.

Cooper Companies Profile

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The Cooper Cos, Inc operates as a medical device company. It operates through the Cooper Vision and Cooper Surgical segments. The Cooper Vision segment develops, manufactures, and markets products for contact lens wearers, which solves vision challenges such as astigmatism, presbyopia, myopia, ocular dryness, and eye fatigues.