Cookson Peirce & Co. Inc. Purchases Shares of 37,466 Penguin Solutions, Inc. $PENG

Cookson Peirce & Co. Inc. purchased a new position in shares of Penguin Solutions, Inc. (NASDAQ:PENG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 37,466 shares of the company’s stock, valued at approximately $985,000. Cookson Peirce & Co. Inc. owned about 0.07% of Penguin Solutions at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in PENG. Osaic Holdings Inc. raised its position in shares of Penguin Solutions by 20.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after acquiring an additional 617 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Penguin Solutions by 6.2% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,545 shares of the company’s stock valued at $268,000 after purchasing an additional 792 shares during the last quarter. Illinois Municipal Retirement Fund raised its holdings in Penguin Solutions by 4.0% during the third quarter. Illinois Municipal Retirement Fund now owns 25,912 shares of the company’s stock worth $681,000 after purchasing an additional 999 shares in the last quarter. Strs Ohio acquired a new stake in Penguin Solutions during the third quarter worth approximately $42,000. Finally, Federated Hermes Inc. lifted its position in shares of Penguin Solutions by 803.9% during the 3rd 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.

Penguin Solutions Price Performance

Shares of NASDAQ:PENG opened at $19.37 on Friday. Penguin Solutions, Inc. has a one year low of $14.20 and a one year high of $29.80. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 84.22 and a beta of 2.23. The company has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $22.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Weiss Ratings lowered Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, February 5th. Wall Street Zen downgraded Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. The Goldman Sachs Group initiated coverage on Penguin Solutions in a research report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price for the company. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Insider Activity

In other news, SVP Joseph Gates Clark sold 1,346 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president owned 122,318 shares in the company, valued at $2,327,711.54. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.90% of the company’s stock.

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.