SG Americas Securities LLC Sells 54,402 Shares of Penguin Solutions, Inc. $PENG

SG Americas Securities LLC trimmed its position in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 36.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,771 shares of the company’s stock after selling 54,402 shares during the quarter. SG Americas Securities LLC owned about 0.18% of Penguin Solutions worth $1,854,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PENG. Vanguard Group Inc. grew its stake in Penguin Solutions by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,592,564 shares of the company’s stock worth $173,253,000 after buying an additional 25,804 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Penguin Solutions during the third quarter worth about $60,264,000. American Century Companies Inc. grew its stake in shares of Penguin Solutions by 35.3% during the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after acquiring an additional 337,564 shares during the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Penguin Solutions by 2.5% during 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 acquiring an additional 27,900 shares in the last quarter. Finally, Barclays PLC raised its position in shares of Penguin Solutions by 46.9% in the 3rd 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 during the last quarter.

Wall Street Analysts Forecast Growth

PENG has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their target price on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research note on Monday, March 30th. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Needham & Company LLC raised their price objective on Penguin Solutions from $25.00 to $27.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Six equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Penguin Solutions presently has an average rating of “Moderate Buy” and an average target price of $27.29.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.75, for a total transaction of $71,000.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock in a transaction dated Tuesday, February 10th. The shares were 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 approximately $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.

Penguin Solutions Stock Performance

Shares of PENG opened at $20.69 on Monday. The firm has a 50-day moving average price of $18.78 and a 200 day moving average price of $20.66. The firm has a market capitalization of $1.05 billion, a P/E ratio of 28.74 and a beta of 2.23. The company has a current ratio of 2.10, a quick ratio of 1.86 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. The firm had revenue of $343.00 million for the quarter, compared to analyst estimates of $339.00 million. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. Sell-side analysts forecast that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Penguin Solutions News Roundup

Here are the key news stories impacting Penguin Solutions this week:

• Positive Sentiment: Q2 beat and raised guidance — management reported EPS $0.52 (vs. $0.43 est.) and stronger revenue, and lifted FY26 guidance, a primary catalyst behind the intraday rally. Penguin Solutions, Inc. Q2 2026 Earnings Call Summary
• Positive Sentiment: Analyst support and price‑target activity — several firms raised or reaffirmed ratings after the quarter (Needham raised its PT to $27), creating fresh buy‑side momentum. These Analysts Revise Their Forecasts On Penguin Solutions Following Q2 Results
• Positive Sentiment: Institutional accumulation & AI narrative — MarketBeat notes heavy institutional ownership and positioning around Penguin’s memory/AI infrastructure exposure, which supports a more sustainable rally if retail follows. Penguin Solutions Gains Traction: Is Now the Time to Buy?
• Neutral Sentiment: Some analyst divergence — Stifel trimmed its price target (from $27 to $24) while keeping a buy rating, indicating mixed near‑term views despite overall bullish revisions. Stifel Price Target Change / Benzinga
• Neutral Sentiment: Market commentary and mention on broader “stock movers” coverage — additional media/podcast mentions (Bloomberg) increase visibility but do not change fundamentals by themselves. Stock Movers: Penguin Solutions, United Airlines, Blue Owl
• Negative Sentiment: Short interest and technical resistance could cap near‑term gains — MarketBeat flags short‑covering as a factor in the post‑earnings pop and warns shorts may reassert pressure; moving‑average cluster near current levels is acting as resistance. Penguin Solutions Gains Traction: Is Now the Time to Buy?

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.