CWA Asset Management Group LLC Cuts Holdings in Penguin Solutions, Inc. $PENG

CWA Asset Management Group LLC trimmed its position in Penguin Solutions, Inc. (NASDAQ:PENG) by 49.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 88,297 shares of the company’s stock after selling 85,109 shares during the quarter. CWA Asset Management Group LLC owned about 0.17% of Penguin Solutions worth $1,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PENG. Vanguard Group Inc. grew its holdings in Penguin Solutions by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock valued at $173,253,000 after buying an additional 25,804 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Penguin Solutions during the 3rd quarter worth approximately $60,264,000. American Century Companies Inc. boosted its position in shares of Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock valued at $34,014,000 after acquiring an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY grew its holdings in shares of Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after purchasing an additional 27,900 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of Penguin Solutions by 46.9% in the third quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock valued at $27,730,000 after purchasing an additional 336,644 shares in the last quarter.

Penguin Solutions Trading Down 0.8%

PENG stock opened at $17.52 on Monday. 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, Inc. has a twelve month low of $14.20 and a twelve month high of $29.80. The stock has a market capitalization of $920.85 million, a price-to-earnings ratio of 76.17 and a beta of 2.18. The firm’s fifty day simple moving average is $19.15 and its two-hundred day simple moving average is $21.18.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) 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 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. As a group, analysts anticipate that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Insider Transactions at Penguin Solutions

In other news, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $17.75, for a total value of $71,000.00. Following the sale, the senior vice president directly owned 131,352 shares in the company, valued at approximately $2,331,498. This represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Joseph Gates Clark sold 1,346 shares of the firm’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 value of $25,614.38. Following the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

PENG has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Weiss Ratings cut shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 11th. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 target price on the stock. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.