Squarepoint Ops LLC Sells 94,589 Shares of Penguin Solutions, Inc. $PENG

Squarepoint Ops LLC lessened its holdings in Penguin Solutions, Inc. (NASDAQ:PENG) by 78.1% during the 2nd quarter, Holdings Channel reports. The firm owned 26,554 shares of the company’s stock after selling 94,589 shares during the period. Squarepoint Ops LLC’s holdings in Penguin Solutions were worth $526,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PENG. Dynamic Technology Lab Private Ltd acquired a new stake in Penguin Solutions during the 2nd quarter worth $937,000. P.A.W. Capital Corp grew its stake 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 purchasing an additional 20,000 shares during the period. Entropy Technologies LP bought a new stake in Penguin Solutions in the second quarter valued at about $370,000. Nordea Investment Management AB acquired a new position in Penguin Solutions in the second quarter valued at about $2,851,000. Finally, Timelo Investment Management Inc. acquired a new position in Penguin Solutions in the second quarter valued at about $495,000.

Analyst Upgrades and Downgrades

PENG has been the subject of a number of recent analyst reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, October 14th. Stifel Nicolaus boosted their price objective on shares of Penguin Solutions from $27.00 to $31.00 and gave the company a “buy” rating in a report on Monday, October 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Weiss Ratings raised shares of Penguin Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Saturday, October 25th. Seven 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Stock Performance

Shares of PENG opened at $20.07 on Thursday. The firm’s 50 day moving average price is $20.79 and its two-hundred day moving average price is $22.67. 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, Inc. has a twelve month low of $14.20 and a twelve month high of $29.80. The firm has a market cap of $1.05 billion, a P/E ratio of 69.19 and a beta of 2.26.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings data on Tuesday, October 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. The business had revenue of $337.92 million for the quarter, compared to analysts’ expectations of $342.11 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 14.45%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. On average, analysts forecast that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

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.