Versor Investments LP Acquires New Shares in Penguin Solutions, Inc. $PENG

Versor Investments LP acquired a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 35,523 shares of the company’s stock, valued at approximately $704,000. Versor Investments LP owned 0.07% of Penguin Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Penguin Solutions during the 1st quarter valued at approximately $111,458,000. Alliancebernstein L.P. acquired a new position in Penguin Solutions during the 1st quarter valued at approximately $28,919,000. Paradigm Capital Management Inc. NY acquired a new position in Penguin Solutions during the 1st quarter valued at approximately $19,545,000. Think Investments LP acquired a new position in Penguin Solutions during the 1st quarter valued at approximately $15,713,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Penguin Solutions during the 1st quarter valued at approximately $14,786,000.

Analyst Ratings Changes

PENG has been the topic of several recent analyst reports. Needham & Company LLC lifted their target price on Penguin Solutions from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Loop Capital lifted their target price on Penguin Solutions from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Zacks Research downgraded Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. JPMorgan Chase & Co. lifted their target price on Penguin Solutions from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Penguin Solutions presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Stock Up 1.5%

Shares of PENG stock opened at $22.60 on Tuesday. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $29.80. The stock has a market cap of $1.19 billion, a PE ratio of 77.93 and a beta of 2.20. The business’s fifty day moving average is $24.57 and its 200-day moving average is $22.08. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.71 and a current ratio of 2.25.

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.