Public Sector Pension Investment Board Raises Holdings in Penguin Solutions, Inc. $PENG

Public Sector Pension Investment Board lifted its holdings in Penguin Solutions, Inc. (NASDAQ:PENG) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 232,924 shares of the company’s stock after buying an additional 53,081 shares during the quarter. Public Sector Pension Investment Board owned 0.44% of Penguin Solutions worth $6,121,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PENG. Strs Ohio purchased a new position in shares of Penguin Solutions in the 3rd quarter valued at about $42,000. Jones Financial Companies Lllp grew its position in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares during the period. Raymond James Financial Inc. acquired a new position in Penguin Solutions during the second quarter worth about $37,000. Federated Hermes Inc. increased 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 valued at $49,000 after buying an additional 1,656 shares in the last quarter. Finally, Osaic Holdings Inc. lifted 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 valued at $71,000 after acquiring an additional 617 shares during the period.

Penguin Solutions Price Performance

NASDAQ:PENG opened at $19.24 on Thursday. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 83.65 and a beta of 2.23. The company’s 50-day moving average is $19.70 and its two-hundred day moving average is $21.98. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10.

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, 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 business had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Research analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analyst Ratings Changes

PENG has been the topic of a number of research reports. The Goldman Sachs Group initiated coverage on Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target on the stock. Weiss Ratings cut Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Wall Street Zen downgraded Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a research 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 issued a Sell rating to the stock. According to data from MarketBeat, Penguin Solutions has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Joseph Gates Clark sold 1,346 shares of the firm’s 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 sale, the senior vice president owned 122,318 shares in the company, valued at $2,327,711.54. This trade 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. 2.90% of the stock is currently owned by corporate insiders.

Penguin Solutions 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.