SCHEDULE: FMR LLC Reduces Penumbra Stake Below 5% Threshold

Sentiment:

Beneficial Ownership Amendment 6 February 2026 1:11 PM

FMR LLC and Abigail P. Johnson report a beneficial ownership of 4.7% in Penumbra Inc., marking a reduction below the 5% reporting threshold.

Worse than expectedFMR LLC and Abigail P. Johnson's beneficial ownership in Penumbra Inc. has decreased to 4.7% of the common stock.This percentage is below the 5% threshold, indicating a reduction from a previous holding that would have necessitated the initial Schedule 13G filing.A decrease in a significant institutional holding can be interpreted as a negative signal regarding the stock's future prospects or a shift in the investor's portfolio strategy.

Summary

FMR LLC and Abigail P. Johnson filed an Amendment No. 11 to Schedule 13G regarding their beneficial ownership of Penumbra Inc. common stock.
As of January 30, 2026, the reporting persons beneficially own 1,826,862.09 shares of Penumbra Inc. common stock.
This represents 4.7% of the class of securities, which is below the 5% threshold typically requiring a Schedule 13G filing.
FMR LLC holds sole voting power over 1,822,618.00 shares and sole dispositive power over 1,826,862.09 shares.
Abigail P. Johnson, as a Director, Chairman, and CEO of FMR LLC, is also deemed to beneficially own the same 1,826,862.09 shares with sole dispositive power.
The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Penumbra Inc.
FMR LLC is classified as a parent holding company, and Abigail P. Johnson as an individual.
Several FMR LLC subsidiaries, including investment advisers and banks, are identified as entities that beneficially own shares.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a slightly negative signal due to the reduction in institutional ownership below the 5% threshold, which may suggest a re-evaluation of the investment by FMR LLC.

Future Outlook

Industry Context

StockSavvy.ai notes that institutional ownership changes, particularly from major asset managers like FMR LLC, are closely watched by the market. A reduction in stake below the 5% threshold often signals a rebalancing of portfolio allocations or a shift in investment strategy, rather than a direct commentary on the issuer's immediate prospects, though it can still influence investor sentiment.

Stakeholder Impact

Shareholders: May interpret the reduction in FMR LLC's stake as a signal of decreased institutional confidence, potentially leading to selling pressure or a re-evaluation of their own holdings.
Investment Professionals: Will note the change in institutional ownership and may investigate the reasons behind FMR LLC's reduced position.

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000038) was incorporated by reference.
2026-01-30	Date of event which requires filing of this statement (beneficial ownership calculation date).
2026-02-05	Date of signing and filing of this Schedule 13G Amendment No. 11.

Recommendation

hold

The reduction of FMR LLC's stake below the 5% threshold indicates a potential shift in institutional sentiment or portfolio strategy. While this is a notable event, a Schedule 13G filing primarily reports ownership changes and does not provide comprehensive financial or operational details of Penumbra Inc. to justify a 'sell' recommendation. Investors should 'hold' and monitor for further developments or fundamental analysis before making a definitive buy or sell decision.

Keywords

Penumbra Inc, FMR LLC, Abigail P. Johnson, Schedule 13G, beneficial ownership, common stock, institutional ownership, investment adviser, parent holding company

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