LSV Asset Management Has $14.96 Million Stake in Penguin Solutions, Inc. $PENG

LSV Asset Management grew its stake in Penguin Solutions, Inc. (NASDAQ:PENG) by 337.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 569,368 shares of the company’s stock after purchasing an additional 439,268 shares during the period. LSV Asset Management owned about 1.08% of Penguin Solutions worth $14,963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PENG. Essex Investment Management Co. LLC lifted its stake in Penguin Solutions by 3.5% in the 3rd quarter. Essex Investment Management Co. LLC now owns 168,126 shares of the company’s stock valued at $4,418,000 after purchasing an additional 5,610 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in shares of Penguin Solutions during the third quarter worth $2,119,000. Envestnet Asset Management Inc. bought a new position in shares of Penguin Solutions in the 3rd quarter valued at $359,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Penguin Solutions in the 3rd quarter valued at $210,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,694 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PENG. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Wall Street Zen lowered shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Weiss Ratings cut shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, February 5th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Penguin Solutions currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Stock Performance

NASDAQ:PENG opened at $19.37 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 84.22 and a beta of 2.23. The company has a 50 day simple moving average of $19.87 and a two-hundred day simple moving average of $22.06. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. Penguin Solutions, Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $29.80.

Penguin Solutions (NASDAQ:PENG) last issued its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Research analysts anticipate that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Joseph Gates Clark sold 1,346 shares of Penguin Solutions stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total value of $25,614.38. Following the completion of the transaction, the senior vice president directly owned 122,318 shares of the company’s stock, valued at approximately $2,327,711.54. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company’s stock.

Penguin Solutions Company 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.