Barclays PLC Acquires 336,644 Shares of Penguin Solutions, Inc. $PENG

Barclays PLC raised its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 46.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,189 shares of the company’s stock after buying an additional 336,644 shares during the quarter. Barclays PLC owned about 2.00% of Penguin Solutions worth $27,730,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP bought a new position in shares of Penguin Solutions during the 3rd quarter valued at about $60,264,000. Picton Mahoney Asset Management purchased a new position in Penguin Solutions during the 3rd quarter valued at approximately $922,000. First Eagle Investment Management LLC increased its stake in Penguin Solutions by 2.0% in the 3rd quarter. First Eagle Investment Management LLC now owns 314,944 shares of the company’s stock worth $8,277,000 after acquiring an additional 6,200 shares during the last quarter. Victory Capital Management Inc. increased its stake in Penguin Solutions by 34.9% in the 3rd quarter. Victory Capital Management Inc. now owns 97,901 shares of the company’s stock worth $2,573,000 after acquiring an additional 25,312 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Penguin Solutions by 60.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 196,515 shares of the company’s stock worth $5,164,000 after acquiring an additional 73,761 shares in the last quarter.

Penguin Solutions Price Performance

Shares of PENG opened at $18.48 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The company has a 50 day moving average price of $19.48 and a 200-day moving average price of $21.52. Penguin Solutions, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $29.80. The stock has a market capitalization of $971.31 million, a PE ratio of 80.35 and a beta of 2.19.

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

Insider Buying and Selling at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,346 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38. Following the sale, the senior vice president owned 122,318 shares of the company’s stock, valued at $2,327,711.54. This trade represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PENG. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Weiss Ratings upgraded Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. The Goldman Sachs Group began coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.