Strategy adds 1,955 BTC worth $217.4 million

Strategy adds 1,955 BTC worth $217.4 million

Millennium Management LLC has significantly increased its investment in The Cooper Companies, Inc. (NASDAQ: COO) by acquiring an additional 682,166 shares during the first quarter of 2025. This move represents a 36% growth in the institutional investor's stake, bringing their total ownership to 2,577,416 shares, valued at $217.4 million [1].

The purchase comes as other institutional investors and hedge funds also modified their holdings in the company. Zions Bancorporation National Association UT bought a new stake valued at approximately $33,000, while City Holding Co. and GKV Capital Management Co. Inc. bought stakes valued at $34,000 and $40,000, respectively [1]. Larson Financial Group LLC raised its stake by 1,071.0%, now owning 726 shares valued at $61,000, and HM Payson & Co. increased its holding by 147.4%, owning 893 shares valued at $75,000 [1].

The Cooper Companies, Inc. reported earnings per share (EPS) of $1.10 for the quarter, exceeding the consensus estimate of $1.07 by $0.03. The company's net margin was 10.08%, and its return on equity was 9.82%. Revenue for the quarter was $1.06 billion, a 5.7% increase year-over-year [1]. The company has set its Q4 2025 guidance at 1.100-1.140 EPS and FY 2025 guidance at 4.080-4.120 EPS.

Analysts have weighed in on the stock, with several setting new price targets. UBS Group raised shares to a "buy" rating, JPMorgan Chase & Co. lowered its price target to $66.00 with a "neutral" rating, Morgan Stanley set an "equal weight" rating with a $76.00 price objective, and Piper Sandler cut its price target to $83.00 with an "overweight" rating. BNP Paribas Exane raised shares to an "outperform" rating with a $92.00 price target [1].

Insider activity also saw significant changes. COO Daniel G. Mcbride and EVP Brian G. Andrews both increased their holdings, with Mcbride purchasing 3,000 shares and Andrews buying 1,525 shares [1]. This represents a 4.99% and 7.38% increase in their respective ownerships.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-millennium-management-llc-buys-682166-shares-of-the-cooper-companies-inc-coo-2025-09-05/