Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Patterson Companies Inc. (NASDAQ:PDCO).

SEC data indicate these insiders have sold Patterson Companies Inc.’s stock since 06/30/2011:

Wiltz James W: act as Director. On 10/27/2011, sold 15,000 shares, worth $480,200.

SEC data indicate that these institutions significantly reduced their stock shares of Patterson Companies Inc. in Q3 2011:

BAILLIE GIFFORD & CO: On 06/30/2011, held 1,777,513 shares, worth $58,018,024. On 09/30/2011, held 0 shares.

CAPITAL COUNSEL LLC/NY: On 06/30/2011, held 1,312,868 shares, worth $42,852,012. On 09/30/2011, held 0 shares.

CARLSON CAPITAL L P: On 06/30/2011, held 385,500 shares, worth $12,582,720. On 09/30/2011, held 0 shares.

PARTNER FUND MANAGEMENT L.P.: On 06/30/2011, held 135,064 shares, worth $4,408,489. On 09/30/2011, held 0 shares.

CITADEL ADVISORS LLC: On 06/30/2011, held 123,237 shares, worth $4,022,456. On 09/30/2011, held 0 shares.

About the company: Patterson Companies Inc. distributes dental products, veterinary supplies for companion pets, and rehabilitation supplies. The Company sells and markets to dental clinics and laboratories, veterinarians, and to the physical and occupational therapy markets.

Competitors to Watch: Henry Schein, Inc. (NASDAQ:HSIC), PSS World Medical, Inc. (NASDAQ:PSSI), Owens & Minor, Inc. (NYSE:OMI), Chindex Intl., Inc. (NASDAQ:CHDX), McKesson Corporation (NYSE:MCK), Lincare Holdings Inc. (NASDAQ:LNCR), AmerisourceBergen Corp. (NYSE:ABC), White Dental Supply Inc (WITD), Certified Diabetic Services Inc (CDIPQ), and E Med Future, Inc (EMDF).

(Note: Data regarding Patterson Companies Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com

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