200,000 Shares in Patterson Companies, Inc. (NASDAQ:PDCO) Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. bought a new position in shares of Patterson Companies, Inc. (NASDAQ:PDCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 200,000 shares of the company’s stock, valued at approximately $6,172,000.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of Patterson Companies in the fourth quarter valued at $18,316,000. Barclays PLC boosted its stake in shares of Patterson Companies by 37.2% in the 3rd quarter. Barclays PLC now owns 165,715 shares of the company’s stock valued at $3,619,000 after purchasing an additional 44,906 shares in the last quarter. EMC Capital Management grew its holdings in Patterson Companies by 600.7% in the 4th quarter. EMC Capital Management now owns 16,053 shares of the company’s stock worth $495,000 after acquiring an additional 13,762 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Patterson Companies by 15.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,799,942 shares of the company’s stock valued at $55,546,000 after purchasing an additional 245,376 shares in the last quarter. Finally, Tritonpoint Wealth LLC purchased a new position in Patterson Companies during the 4th quarter valued at about $264,000. 85.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Patterson Companies in a report on Wednesday. They issued a “hold” rating for the company. Eleven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.57.

Patterson Companies Stock Performance

Shares of Patterson Companies stock opened at $31.33 on Friday. The company has a market capitalization of $2.77 billion, a P/E ratio of 18.32, a P/E/G ratio of 2.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.76 and a current ratio of 1.37. The company has a fifty day moving average of $31.23 and a 200 day moving average of $28.98. Patterson Companies, Inc. has a fifty-two week low of $19.45 and a fifty-two week high of $31.79.

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.