Penumbra, Inc. (NYSE:PEN) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership grew its holdings in shares of Penumbra, Inc. (NYSE:PENFree Report) by 24.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,235 shares of the company’s stock after buying an additional 19,819 shares during the quarter. Artisan Partners Limited Partnership’s holdings in Penumbra were worth $24,248,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PEN. Raymond James & Associates grew its stake in Penumbra by 8.1% during the first quarter. Raymond James & Associates now owns 8,565 shares of the company’s stock worth $1,903,000 after buying an additional 641 shares during the period. Citigroup Inc. lifted its position in shares of Penumbra by 44.5% during the first quarter. Citigroup Inc. now owns 4,979 shares of the company’s stock worth $1,106,000 after purchasing an additional 1,534 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Penumbra by 15.7% in the first quarter. PNC Financial Services Group Inc. now owns 1,211 shares of the company’s stock valued at $269,000 after acquiring an additional 164 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Penumbra by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 19,045 shares of the company’s stock valued at $4,348,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Penumbra by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 90,610 shares of the company’s stock valued at $20,123,000 after acquiring an additional 2,717 shares in the last quarter. 88.18% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEN. Royal Bank of Canada upped their price target on shares of Penumbra from $248.00 to $280.00 and gave the company an “outperform” rating in a report on Thursday, January 11th. JPMorgan Chase & Co. upped their price target on shares of Penumbra from $240.00 to $284.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. Piper Sandler cut their price target on shares of Penumbra from $335.00 to $250.00 and set an “overweight” rating on the stock in a report on Friday, November 3rd. Truist Financial upped their price target on shares of Penumbra from $265.00 to $295.00 and gave the company a “buy” rating in a report on Friday, December 22nd. Finally, TheStreet raised shares of Penumbra from a “d+” rating to a “c-” rating in a report on Friday, January 12th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $307.25.

Check Out Our Latest Stock Report on PEN

Penumbra Stock Up 0.3 %

Penumbra stock opened at $273.04 on Friday. The company has a 50-day simple moving average of $248.79 and a 200-day simple moving average of $242.46. The firm has a market capitalization of $10.54 billion, a P/E ratio of 265.09 and a beta of 0.54. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.41 and a current ratio of 5.99. Penumbra, Inc. has a one year low of $180.93 and a one year high of $348.67.

Insider Transactions at Penumbra

In other news, EVP Johanna Roberts sold 600 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.42, for a total transaction of $135,852.00. Following the completion of the transaction, the executive vice president now owns 62,251 shares in the company, valued at $14,094,871.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Johanna Roberts sold 600 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $226.42, for a total transaction of $135,852.00. Following the completion of the transaction, the executive vice president now owns 62,251 shares in the company, valued at $14,094,871.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bridget O’rourke sold 150 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $226.41, for a total transaction of $33,961.50. Following the transaction, the director now owns 4,214 shares of the company’s stock, valued at approximately $954,091.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,435 shares of company stock worth $319,350. Insiders own 5.30% of the company’s stock.

Penumbra Company Profile

(Free Report)

Penumbra, Inc, together with its subsidiairies, designs, develops, manufactures, and markets medical devices in the United States and internationally. The company offers aspiration based thrombectomy systems and accessory devices, including revascularization device for mechanical thrombectomy, such as Penumbra System under the Penumbra RED, JET, ACE, 3D Revascularization Device, and Penumbra ENGINE brands, as well as components and accessories; neurovascular embolization coiling systems to treat patients with various sizes of aneurysms and other neurovascular lesions under the Penumbra Coil 400, POD400, PAC400, and Penumbra SMART Coil brand names; and neurovascular access systems designed to provide intracranial access for use in a range of neurovascular therapies under the Neuron, Neuron MAX, Select, BENCHMARK, BMX96, DDC, SENDit, and PX SLIM brands.

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Institutional Ownership by Quarter for Penumbra (NYSE:PEN)

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