Allspring Global Investments Holdings LLC Makes New $1.14 Million Investment in Penguin Solutions, Inc. $PENG

Allspring Global Investments Holdings LLC purchased a new stake in Penguin Solutions, Inc. (NASDAQ:PENG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,212 shares of the company’s stock, valued at approximately $1,143,000. Allspring Global Investments Holdings LLC owned 0.08% of Penguin Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada bought a new position in Penguin Solutions in the 1st quarter worth approximately $7,250,000. Amundi bought a new position in shares of Penguin Solutions in the first quarter worth $373,000. AQR Capital Management LLC bought a new position in shares of Penguin Solutions in the first quarter worth $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Penguin Solutions during the first quarter valued at $538,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Penguin Solutions during the first quarter valued at about $3,259,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on PENG shares. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research report on Wednesday. Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Saturday, October 25th. Stifel Nicolaus increased their price objective on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday, October 6th. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, JMP Securities reissued a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Penguin Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $28.71.

Penguin Solutions Stock Down 3.3%

Shares of NASDAQ:PENG opened at $19.08 on Friday. The firm has a 50 day simple moving average of $20.25 and a 200 day simple moving average of $22.67. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.71 and a current ratio of 2.33. The company has a market cap of $1.00 billion, a PE ratio of 82.96 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.08. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. The firm had revenue of $343.07 million for the quarter, compared to analysts’ expectations of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, research analysts expect that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Penguin Solutions Company Profile

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.