ArrowMark Colorado Holdings LLC Makes New Investment in Penguin Solutions, Inc. $PENG

ArrowMark Colorado Holdings LLC purchased a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 600,782 shares of the company’s stock, valued at approximately $15,789,000. ArrowMark Colorado Holdings LLC owned approximately 1.14% of Penguin Solutions at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in Penguin Solutions in the 2nd quarter worth about $37,000. Strs Ohio bought a new stake in Penguin Solutions during the 3rd quarter valued at about $42,000. Jones Financial Companies Lllp increased its stake in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares in the last quarter. Federated Hermes Inc. raised its holdings in Penguin Solutions by 803.9% in the third quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock worth $49,000 after buying an additional 1,656 shares during the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Penguin Solutions by 20.8% in the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after buying an additional 617 shares during the last quarter.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $17.98 on Friday. The company has a 50 day moving average price of $19.39 and a 200-day moving average price of $21.43. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80. The firm has a market capitalization of $945.03 million, a PE ratio of 78.17 and a beta of 2.19. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating 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 for 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. As a group, equities research analysts expect that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PENG. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective for the company. Weiss Ratings cut Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.