Penguin Solutions, Inc. $PENG Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Penguin Solutions, Inc. (NASDAQ:PENG) by 11.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 230,559 shares of the company’s stock after selling 31,069 shares during the period. Principal Financial Group Inc. owned 0.44% of Penguin Solutions worth $6,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in PENG. Paradigm Capital Management Inc. NY grew its position in shares of Penguin Solutions by 2.5% in the second quarter. Paradigm Capital Management Inc. NY now owns 1,153,100 shares of the company’s stock valued at $22,843,000 after purchasing an additional 27,900 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Penguin Solutions by 71.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 986,633 shares of the company’s stock valued at $19,545,000 after buying an additional 411,527 shares in the last quarter. American Century Companies Inc. grew its holdings in Penguin Solutions by 19.5% during the 2nd quarter. American Century Companies Inc. now owns 956,715 shares of the company’s stock valued at $18,953,000 after buying an additional 156,361 shares during the last quarter. CSM Advisors LLC acquired a new stake in Penguin Solutions during the 2nd quarter valued at $11,913,000. Finally, P.A.W. Capital Corp increased its position in 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 buying an additional 20,000 shares in the last quarter.

Penguin Solutions Trading Up 3.5%

NASDAQ PENG opened at $19.37 on Friday. The company has a market cap of $1.02 billion, a P/E ratio of 84.22 and a beta of 2.23. Penguin Solutions, Inc. has a 12 month low of $14.20 and a 12 month high of $29.80. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.33 and a quick ratio of 1.86. The company has a 50-day moving average of $19.87 and a 200-day moving average of $22.06.

Penguin Solutions (NASDAQ:PENG) last released its earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.08. The firm had revenue of $343.07 million during the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, equities analysts predict that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

Insider Activity at Penguin Solutions

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $19.03, for a total transaction of $25,614.38. Following the completion of the sale, the senior vice president owned 122,318 shares of the company’s stock, valued at approximately $2,327,711.54. The trade was 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 this hyperlink. 2.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PENG. Rosenblatt Securities reiterated a “buy” rating and set a $30.00 price objective on shares of Penguin Solutions in a research 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 note on Thursday, February 5th. Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a research note on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

About Penguin Solutions

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.