35,088 Shares in Penguin Solutions, Inc. $PENG Purchased by Picton Mahoney Asset Management

Picton Mahoney Asset Management acquired a new position in Penguin Solutions, Inc. (NASDAQ:PENG) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 35,088 shares of the company’s stock, valued at approximately $922,000. Picton Mahoney Asset Management owned approximately 0.07% of Penguin Solutions as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of PENG. Raymond James Financial Inc. bought a new position in shares of Penguin Solutions during the second quarter worth approximately $37,000. Strs Ohio acquired a new stake in Penguin Solutions during the third quarter worth approximately $42,000. Jones Financial Companies Lllp grew its position in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock worth $45,000 after buying an additional 1,694 shares in the last quarter. Federated Hermes Inc. increased 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 acquiring an additional 1,656 shares during the period. Finally, Osaic Holdings Inc. increased its stake in Penguin Solutions by 20.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock worth $71,000 after acquiring an additional 617 shares during the period.

Penguin Solutions Price Performance

Shares of PENG opened at $18.26 on Friday. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The stock has a market cap of $959.75 million, a PE ratio of 79.39 and a beta of 2.19. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80. The business has a 50-day simple moving average of $19.56 and a two-hundred day simple moving average of $21.65.

Penguin Solutions (NASDAQ:PENG) last announced its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 EPS for the quarter, beating 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 firm 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. Analysts anticipate that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Joseph Gates Clark sold 1,346 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. The Goldman Sachs Group began coverage on Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Weiss Ratings upgraded Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, February 20th. Finally, Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Penguin Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.