Algert International LLC boosted its place in Penumbra, Inc. (NYSE:PEN – Free Report) by 177.0% within the second quarter, HoldingsChannel.com studies. The agency owned 28,118 shares of the corporate’s inventory after buying an extra 17,968 shares through the quarter. Algert International LLC’s holdings in Penumbra had been value $5,060,000 on the finish of the newest reporting interval.
A variety of different institutional traders and hedge funds have additionally lately added to or diminished their stakes in PEN. Vanguard Group Inc. raised its stake in shares of Penumbra by 0.9% within the 1st quarter. Vanguard Group Inc. now owns 3,690,660 shares of the corporate’s inventory value $823,681,000 after shopping for an extra 32,557 shares within the final quarter. Champlain Funding Companions LLC lifted its holdings in Penumbra by 131.8% within the 1st quarter. Champlain Funding Companions LLC now owns 1,084,595 shares of the corporate’s inventory valued at $242,060,000 after buying an extra 616,700 shares over the last quarter. William Blair Funding Administration LLC boosted its place in shares of Penumbra by 12.2% through the 1st quarter. William Blair Funding Administration LLC now owns 833,703 shares of the corporate’s inventory valued at $186,066,000 after buying an extra 90,444 shares within the final quarter. Financial institution of New York Mellon Corp grew its stake in shares of Penumbra by 1.5% within the 2nd quarter. Financial institution of New York Mellon Corp now owns 327,312 shares of the corporate’s inventory value $58,906,000 after buying an extra 4,814 shares over the last quarter. Lastly, Dimensional Fund Advisors LP raised its holdings in shares of Penumbra by 96.7% within the 2nd quarter. Dimensional Fund Advisors LP now owns 257,058 shares of the corporate’s inventory value $46,257,000 after buying an extra 126,392 shares within the final quarter. 88.88% of the inventory is owned by institutional traders.
Insiders Place Their Bets
In different information, EVP Johanna Roberts bought 600 shares of Penumbra inventory in a transaction dated Tuesday, August thirteenth. The inventory was bought at a median worth of $175.98, for a complete transaction of $105,588.00. Following the completion of the sale, the chief vice chairman now instantly owns 61,688 shares within the firm, valued at roughly $10,855,854.24. The sale was disclosed in a submitting with the SEC, which will be accessed by this hyperlink. In different information, CEO Adam Elsesser bought 1,620 shares of the agency’s inventory in a transaction on Thursday, August twenty second. The shares had been bought at a median worth of $200.00, for a complete transaction of $324,000.00. Following the transaction, the chief govt officer now owns 925,962 shares within the firm, valued at roughly $185,192,400. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which will be accessed by the SEC web site. Additionally, EVP Johanna Roberts bought 600 shares of Penumbra inventory in a transaction on Tuesday, August thirteenth. The shares had been bought at a median worth of $175.98, for a complete transaction of $105,588.00. Following the completion of the sale, the chief vice chairman now instantly owns 61,688 shares of the corporate’s inventory, valued at roughly $10,855,854.24. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 33,602 shares of firm inventory valued at $6,716,384 within the final three months. Insiders personal 5.00% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
PEN has been the topic of a variety of analysis studies. Canaccord Genuity Group diminished their goal worth on shares of Penumbra from $272.00 to $176.00 and set a “purchase” score for the corporate in a report on Wednesday, July thirty first. Morgan Stanley decreased their goal worth on Penumbra from $235.00 to $210.00 and set an “equal weight” score on the inventory in a report on Monday, July fifteenth. Leerink Partnrs raised Penumbra to a “strong-buy” score in a report on Tuesday, September third. Stifel Nicolaus started protection on Penumbra in a analysis observe on Tuesday, September seventeenth. They issued a “purchase” score and a $238.00 worth goal on the inventory. Lastly, Wells Fargo & Firm lowered shares of Penumbra from an “obese” score to an “equal weight” score and diminished their worth goal for the corporate from $289.00 to $150.00 in a analysis observe on Wednesday, July thirty first. Six equities analysis analysts have rated the inventory with a maintain score, eight have issued a purchase score and one has given a powerful purchase score to the corporate’s inventory. In accordance with MarketBeat, the inventory has a consensus score of “Average Purchase” and a consensus worth goal of $208.00.
Get Our Newest Report on Penumbra
Penumbra Inventory Efficiency
Shares of PEN opened at $191.55 on Monday. The corporate has a market capitalization of $7.44 billion, a PE ratio of 80.82, a PEG ratio of two.18 and a beta of 0.54. The corporate has a debt-to-equity ratio of 0.02, a fast ratio of three.77 and a present ratio of 6.25. The corporate’s 50 day shifting common worth is $190.06 and its 200 day shifting common worth is $196.84. Penumbra, Inc. has a 52 week low of $148.00 and a 52 week excessive of $277.34.
Penumbra (NYSE:PEN – Get Free Report) final posted its quarterly earnings outcomes on Tuesday, July thirtieth. The corporate reported $0.64 EPS for the quarter, beating the consensus estimate of $0.56 by $0.08. Penumbra had a web margin of 1.26% and a return on fairness of 8.39%. The enterprise had income of $299.40 million for the quarter, in comparison with analysts’ expectations of $298.24 million. Throughout the identical interval within the earlier yr, the corporate posted $0.43 EPS. Penumbra’s income was up 14.5% on a year-over-year foundation. Analysis analysts anticipate that Penumbra, Inc. will put up 2.59 EPS for the present fiscal yr.
Penumbra introduced that its Board of Administrators has licensed a share repurchase program on Tuesday, August thirteenth that authorizes the corporate to repurchase $200.00 million in shares. This repurchase authorization authorizes the corporate to purchase as much as 2.6% of its shares by open market purchases. Shares repurchase applications are usually an indication that the corporate’s board of administrators believes its shares are undervalued.
Penumbra Profile
Penumbra, Inc, along with its subsidiaries, designs, develops, manufactures, and markets medical units in america and internationally. The corporate affords peripheral merchandise, together with the Indigo System for energy aspiration of thrombus within the physique; Lightning Flash, a mechanical thrombectomy system; Lightning Bolt 7, an arterial thrombectomy system; and CAT RX.
Featured Tales
Wish to see what different hedge funds are holding PEN? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Penumbra, Inc. (NYSE:PEN – Free Report).
Obtain Information & Rankings for Penumbra Day by day – Enter your e mail handle under to obtain a concise every day abstract of the most recent information and analysts’ rankings for Penumbra and associated firms with MarketBeat.com’s FREE every day e mail e-newsletter.
