Pacer Advisors Inc. Lowers Stock Holdings in Penguin Solutions, Inc. $PENG

Pacer Advisors Inc. reduced its stake in Penguin Solutions, Inc. (NASDAQ:PENG) by 32.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 264,261 shares of the company’s stock after selling 124,109 shares during the quarter. Pacer Advisors Inc. owned about 0.50% of Penguin Solutions worth $6,945,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PENG. Alliancebernstein L.P. purchased a new position in Penguin Solutions during the first quarter valued at $28,919,000. Paradigm Capital Management Inc. NY grew its stake in shares of Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock worth $22,843,000 after acquiring an additional 27,900 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Penguin Solutions by 71.6% during the second quarter. JPMorgan Chase & Co. now owns 986,633 shares of the company’s stock valued at $19,545,000 after acquiring an additional 411,527 shares in the last quarter. American Century Companies Inc. raised its position in shares of Penguin Solutions by 19.5% in the 2nd quarter. American Century Companies Inc. now owns 956,715 shares of the company’s stock worth $18,953,000 after purchasing an additional 156,361 shares during the last quarter. Finally, Think Investments LP purchased a new position in shares of Penguin Solutions in the 1st quarter worth about $15,713,000.

Analysts Set New Price Targets

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

Penguin Solutions Stock Up 0.4%

Shares of Penguin Solutions stock opened at $20.29 on Monday. Penguin Solutions, Inc. has a twelve month low of $14.20 and a twelve month high of $29.80. The company has a quick ratio of 1.71, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. The company’s 50 day moving average is $20.71 and its 200 day moving average is $22.69. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 69.97 and a beta of 2.26.

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

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.