--- title: "California Public Employees Retirement System Increases Position in Penumbra, Inc. $PEN" type: "News" locale: "en" url: "https://longbridge.com/en/news/293575760.md" description: "California Public Employees Retirement System increased its stake in Penumbra, Inc. by 25.1% in Q1, holding 60,421 shares valued at $19.84 million. Other institutional investors like Hsbc and Farther Finance also adjusted positions. Analyst ratings remain mixed with a consensus 'Hold' and average target price of $360.33. Penumbra recently reported Q1 EPS of $0.82, missing estimates, while revenue grew 15.6% year-over-year." datetime: "2026-07-23T07:37:47.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293575760.md) - [en](https://longbridge.com/en/news/293575760.md) - [zh-HK](https://longbridge.com/zh-HK/news/293575760.md) --- # California Public Employees Retirement System Increases Position in Penumbra, Inc. $PEN California Public Employees Retirement System lifted its stake in shares of Penumbra, Inc. (NYSE:PEN - Free Report) by 25.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,421 shares of the company's stock after purchasing an additional 12,108 shares during the period. California Public Employees Retirement System owned 0.15% of Penumbra worth $19,840,000 as of its most recent SEC filing. - 3 Medical Device Stocks Giving Investors a Different Healthcare Play A number of other large investors have also made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in shares of Penumbra by 2.3% during the 4th quarter. Hsbc Holdings PLC now owns 1,527 shares of the company's stock worth $475,000 after buying an additional 35 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Penumbra by 27.1% during the 4th quarter. Farther Finance Advisors LLC now owns 178 shares of the company's stock valued at $55,000 after buying an additional 38 shares during the period. Swiss Life Asset Management Ltd lifted its holdings in Penumbra by 2.3% in the fourth quarter. Swiss Life Asset Management Ltd now owns 1,728 shares of the company's stock valued at $537,000 after acquiring an additional 39 shares during the last quarter. Keybank National Association OH grew its position in Penumbra by 1.2% in the fourth quarter. Keybank National Association OH now owns 3,705 shares of the company's stock worth $1,152,000 after acquiring an additional 43 shares during the period. Finally, UMB Bank n.a. grew its position in Penumbra by 11.3% in the fourth quarter. UMB Bank n.a. now owns 442 shares of the company's stock worth $137,000 after acquiring an additional 45 shares during the period. 88.88% of the stock is currently owned by hedge funds and other institutional investors. ## Analyst Upgrades and Downgrades Several analysts recently issued reports on PEN shares. Zacks Research lowered shares of Penumbra from a "hold" rating to a "strong sell" rating in a report on Monday, June 29th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $374.00 price target on shares of Penumbra in a research report on Thursday, June 11th. Wall Street Zen raised shares of Penumbra to a "hold" rating in a research report on Saturday, May 9th. Evercore reiterated an "outperform" rating and issued a $320.00 target price on shares of Penumbra in a report on Monday, July 6th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Penumbra in a research report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $360.33. - 3 Mid-Cap Medical Stocks Outperforming the Market **Read Our Latest Stock Report on PEN** ## Penumbra Stock Down 0.3% Shares of NYSE:PEN opened at $316.58 on Thursday. The firm has a 50 day simple moving average of $319.64 and a 200-day simple moving average of $329.94. Penumbra, Inc. has a twelve month low of $221.26 and a twelve month high of $362.41. The company has a current ratio of 6.02, a quick ratio of 3.95 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $12.45 billion, a PE ratio of 72.94, a P/E/G ratio of 1.97 and a beta of 0.70. - Are These Medical Device Makers Getting Ready To Rally? Penumbra (NYSE:PEN - Get Free Report) last posted its earnings results on Wednesday, May 6th. The company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.24). The firm had revenue of $374.76 million during the quarter, compared to analysts' expectations of $370.47 million. Penumbra had a net margin of 11.76% and a return on equity of 10.87%. The firm's revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts predict that Penumbra, Inc. will post 5.02 EPS for the current fiscal year. ## Penumbra Profile (Free Report) Penumbra, Inc is a global healthcare company specializing in the development and manufacture of innovative medical devices that address neurovascular and peripheral vascular conditions. The company focuses on products designed to improve patient outcomes in acute ischemic stroke, aneurysm treatment and peripheral thrombectomy. Penumbra's technologies are used by interventional neuroradiologists, neurosurgeons and interventional cardiologists in hospitals and clinics around the world. At the core of Penumbra's portfolio is its mechanical thrombectomy platform, which includes aspiration catheters and accessory devices engineered to remove blood clots in acute stroke cases. ## Further Reading - Five stocks we like better than Penumbra - Could Truth API Become Trump Media’s First Meaningful Revenue Driver? - Small Caps Are Crushing the S&P 500—3 Stocks Still Worth Buying - Moog Is More Than a Missile Maker, and Wall Street Is Noticing - A Boring Dividend Growth Strategy Becomes a Solid Defensive Play **Want to see what other hedge funds are holding PEN?** Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Penumbra, Inc. (NYSE:PEN - Free Report). _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Penumbra Right Now? Before you consider Penumbra, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Penumbra wasn't on the list. While Penumbra currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. 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