Teachers Retirement System of The State of Kentucky Acquires 4,900 Shares of Penumbra, Inc. (NYSE:PEN)

Teachers Retirement System of The State of Kentucky increased its position in Penumbra, Inc. (NYSE:PEN - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,306 shares of the company's stock after purchasing an additional 4,900 shares during the period. Teachers Retirement System of The State of Kentucky owned approximately 0.09% of Penumbra worth $7,910,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PEN. UMB Bank n.a. increased its position in shares of Penumbra by 57.4% during the fourth quarter. UMB Bank n.a. now owns 192 shares of the company's stock worth $46,000 after acquiring an additional 70 shares in the last quarter. Hurley Capital LLC purchased a new position in Penumbra during the 4th quarter worth $56,000. Huntington National Bank grew its stake in shares of Penumbra by 138.7% in the 4th quarter. Huntington National Bank now owns 265 shares of the company's stock worth $63,000 after acquiring an additional 154 shares in the last quarter. Mather Group LLC. raised its holdings in shares of Penumbra by 208.0% in the fourth quarter. Mather Group LLC. now owns 308 shares of the company's stock valued at $73,000 after purchasing an additional 208 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Penumbra by 25.0% in the 4th quarter. Jones Financial Companies Lllp now owns 375 shares of the company's stock valued at $89,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 88.88% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PEN. Robert W. Baird lifted their price objective on shares of Penumbra from $316.00 to $325.00 and gave the stock an "outperform" rating in a research report on Thursday. StockNews.com raised Penumbra from a "hold" rating to a "buy" rating in a research report on Thursday. Royal Bank of Canada increased their price target on Penumbra from $315.00 to $330.00 and gave the stock an "outperform" rating in a research note on Thursday. Needham & Company LLC reiterated a "hold" rating on shares of Penumbra in a research note on Wednesday, February 19th. Finally, Morgan Stanley boosted their price target on shares of Penumbra from $240.00 to $260.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $302.40.

Insiders Place Their Bets

In other Penumbra news, CFO Maggie Yuen sold 2,000 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $286.00, for a total value of $572,000.00. Following the completion of the sale, the chief financial officer now owns 15,243 shares in the company, valued at approximately $4,359,498. The trade was a 11.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Johanna Roberts sold 600 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $300.01, for a total transaction of $180,006.00. Following the completion of the transaction, the executive vice president now owns 66,159 shares in the company, valued at $19,848,361.59. This represents a 0.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,446 shares of company stock valued at $35,959,193. 5.00% of the stock is currently owned by corporate insiders.

Penumbra Price Performance

NYSE:PEN traded up $2.25 during midday trading on Friday, hitting $300.50. The company had a trading volume of 608,778 shares, compared to its average volume of 424,057. The company has a market capitalization of $11.62 billion, a PE ratio of 883.82, a P/E/G ratio of 2.83 and a beta of 0.56. The company has a quick ratio of 3.25, a current ratio of 6.01 and a debt-to-equity ratio of 0.02. Penumbra, Inc. has a 52-week low of $148.00 and a 52-week high of $310.00. The stock's fifty day moving average price is $276.99 and its 200-day moving average price is $254.39.

Penumbra (NYSE:PEN - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.17. The firm had revenue of $324.14 million during the quarter, compared to analysts' expectations of $315.72 million. Penumbra had a return on equity of 9.74% and a net margin of 1.17%. As a group, research analysts expect that Penumbra, Inc. will post 3.67 earnings per share for the current year.

About Penumbra

Penumbra, Inc, together with its subsidiaries, designs, develops, manufactures, and markets medical devices in the United States and internationally. The company offers peripheral products, including the Indigo System for power aspiration of thrombus in the body; Lightning Flash, a mechanical thrombectomy system; Lightning Bolt 7, an arterial thrombectomy system; and CAT RX.