Allspring Global Investments Holdings LLC Takes Position in Penguin Solutions, Inc. $PENG

Allspring Global Investments Holdings LLC purchased a new position in Penguin Solutions, Inc. (NASDAQ:PENG) in the third quarter, Holdings Channel reports. The fund purchased 42,212 shares of the company’s stock, valued at approximately $1,143,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Paradigm Capital Management Inc. NY lifted its position in Penguin Solutions by 2.5% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock worth $22,843,000 after buying an additional 27,900 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Penguin Solutions by 71.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 986,633 shares of the company’s stock valued at $19,545,000 after acquiring an additional 411,527 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Penguin Solutions by 19.5% in the second quarter. American Century Companies Inc. now owns 956,715 shares of the company’s stock worth $18,953,000 after acquiring an additional 156,361 shares during the last quarter. CSM Advisors LLC purchased a new stake in shares of Penguin Solutions during the second quarter worth $11,913,000. Finally, P.A.W. Capital Corp raised its holdings in shares of Penguin Solutions by 4.4% during the second quarter. P.A.W. Capital Corp now owns 470,000 shares of the company’s stock worth $9,311,000 after acquiring an additional 20,000 shares in the last quarter.

Penguin Solutions Stock Performance

PENG opened at $19.08 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The stock’s 50 day moving average price is $20.25 and its two-hundred day moving average price is $22.67. The firm has a market capitalization of $1.00 billion, a P/E ratio of 82.96 and a beta of 2.23. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analyst estimates 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, equities analysts forecast that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on PENG shares. Rosenblatt Securities restated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $26.00 price target on shares of Penguin Solutions in a research note on Wednesday, October 8th. Stifel Nicolaus increased their price objective on Penguin Solutions from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Monday, October 6th. Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research report on Saturday, October 25th. Finally, Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Penguin Solutions has an average rating of “Moderate Buy” and a consensus price target of $28.71.

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.