6,532 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Purchased by Axa S.A.

Axa S.A. bought a new position in Patterson Companies, Inc. (NASDAQ:PDCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,532 shares of the company’s stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Patterson Companies in the 4th quarter worth $18,316,000. American Century Companies Inc. grew its position in shares of Patterson Companies by 24.1% during the 4th quarter. American Century Companies Inc. now owns 2,711,030 shares of the company’s stock worth $83,662,000 after buying an additional 527,054 shares during the period. TIG Advisors LLC bought a new stake in shares of Patterson Companies in the 4th quarter valued at about $14,633,000. Hsbc Holdings PLC raised its position in shares of Patterson Companies by 2,837.3% in the 4th quarter. Hsbc Holdings PLC now owns 423,977 shares of the company’s stock valued at $13,084,000 after acquiring an additional 409,543 shares during the period. Finally, AQR Arbitrage LLC bought a new position in Patterson Companies during the 4th quarter worth approximately $12,288,000. 85.43% of the stock is currently owned by institutional investors and hedge funds.

Patterson Companies Stock Performance

NASDAQ:PDCO opened at $31.33 on Friday. The firm has a fifty day simple moving average of $31.22 and a two-hundred day simple moving average of $28.76. Patterson Companies, Inc. has a 12 month low of $19.45 and a 12 month high of $31.79. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 2.71 and a beta of 0.73. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 0.34.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Patterson Companies in a research report on Tuesday, May 6th. They set a “hold” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.57.

Patterson Companies Profile

Patterson Companies, Inc engages in the distribution of dental and animal health products in the United States, the United Kingdom, and Canada. The company operates through three segments: Dental, Animal Health, and Corporate segments. The Dental segment offers consumable products, including infection control, restorative materials, and instruments; basic and advanced technology and dental equipment; practice optimization solutions, such as practice management software, e-commerce, revenue cycle management, patient engagement solutions, and clinical and patient education systems.