American Century Companies Inc. Grows Position in Penguin Solutions, Inc. $PENG

American Century Companies Inc. boosted its holdings in Penguin Solutions, Inc. (NASDAQ:PENG) by 19.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 956,715 shares of the company’s stock after buying an additional 156,361 shares during the quarter. American Century Companies Inc. owned 1.83% of Penguin Solutions worth $18,953,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Virtus Advisers LLC bought a new stake in shares of Penguin Solutions in the first quarter worth approximately $43,000. UMB Bank n.a. purchased a new stake in Penguin Solutions in the second quarter worth approximately $44,000. PNC Financial Services Group Inc. bought a new stake in Penguin Solutions in the 1st quarter worth approximately $62,000. CWM LLC raised its stake in Penguin Solutions by 82.1% during the 2nd quarter. CWM LLC now owns 4,111 shares of the company’s stock valued at $81,000 after buying an additional 1,854 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Penguin Solutions during the 2nd quarter valued at $158,000.

Penguin Solutions Stock Up 2.9%

PENG opened at $20.74 on Wednesday. The company has a market capitalization of $1.10 billion, a PE ratio of 71.52 and a beta of 2.20. The firm has a 50-day simple moving average of $22.22 and a two-hundred day simple moving average of $22.43. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its earnings results on Tuesday, October 7th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Penguin Solutions had a return on equity of 14.45% and a net margin of 1.82%.The company had revenue of $337.92 million for the quarter, compared to the consensus estimate of $342.11 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. Analysts forecast that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PENG shares. Stifel Nicolaus lifted their price objective on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings upgraded Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. JMP Securities reiterated a “market outperform” rating and issued a $26.00 price objective on shares of Penguin Solutions in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

About Penguin Solutions

Penguin Solutions, Inc engages in the designing and development of enterprise solutions worldwide. It operates through three segments: Advanced Computing, Integrated Memory, and Optimized LED. It offers dynamic random access memory modules, solid-state and flash storage, and other advanced integrated memory solutions for networking and telecom, data analytics, artificial intelligence and machine learning applications; and supply chain services, including procurement, logistics, inventory management, temporary warehousing, programming, kitting, and packaging services.