Public Sector Pension Investment Board Increases Stake in Penguin Solutions, Inc. $PENG

Public Sector Pension Investment Board increased its stake in Penguin Solutions, Inc. (NASDAQ:PENG) by 29.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 232,924 shares of the company’s stock after acquiring an additional 53,081 shares during the period. Public Sector Pension Investment Board’s holdings in Penguin Solutions were worth $6,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of Penguin Solutions in the 2nd quarter worth about $37,000. Strs Ohio acquired a new position in Penguin Solutions in the third quarter worth about $42,000. Jones Financial Companies Lllp boosted its holdings in Penguin Solutions by 4,131.7% in the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after purchasing an additional 1,694 shares during the period. Federated Hermes Inc. grew its stake in 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. Finally, Osaic Holdings Inc. boosted its position in shares of Penguin Solutions by 20.8% during the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after buying an additional 617 shares during the period.

Insider Activity

In related news, SVP Joseph Gates Clark sold 1,346 shares of the company’s 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 transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.

Penguin Solutions Stock Performance

NASDAQ PENG opened at $19.24 on Thursday. Penguin Solutions, Inc. has a 1-year low of $14.20 and a 1-year high of $29.80. The company has a 50 day moving average of $19.70 and a 200-day moving average of $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. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 83.65 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last released 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. Penguin Solutions had a return on equity of 16.01% and a net margin of 1.82%.The business had revenue of $343.07 million for the quarter, compared to analyst estimates of $345.08 million. 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 fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group initiated coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target for the company. Weiss Ratings downgraded Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, February 5th. Wall Street Zen cut shares of Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a report on Tuesday, February 3rd. Finally, Rosenblatt Securities reissued a “buy” rating and set a $30.00 price objective 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 assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.