Picton Mahoney Asset Management Invests $922,000 in Penguin Solutions, Inc. $PENG

Picton Mahoney Asset Management acquired a new stake in Penguin Solutions, Inc. (NASDAQ:PENG) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 35,088 shares of the company’s stock, valued at approximately $922,000.

Several other large investors also recently modified their holdings of PENG. First Eagle Investment Management LLC raised its stake in Penguin Solutions by 2.0% during the third quarter. First Eagle Investment Management LLC now owns 314,944 shares of the company’s stock worth $8,277,000 after buying an additional 6,200 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Penguin Solutions by 34.9% in the 3rd quarter. Victory Capital Management Inc. now owns 97,901 shares of the company’s stock worth $2,573,000 after acquiring an additional 25,312 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in shares of Penguin Solutions by 60.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 196,515 shares of the company’s stock valued at $5,164,000 after purchasing an additional 73,761 shares during the period. Royce & Associates LP boosted its position in shares of Penguin Solutions by 0.7% during the 3rd quarter. Royce & Associates LP now owns 909,460 shares of the company’s stock valued at $23,901,000 after purchasing an additional 6,287 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Penguin Solutions by 35.3% during the third quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after purchasing an additional 337,564 shares during the period.

Analysts Set New Price Targets

PENG has been the topic of several recent analyst reports. Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a research report on Tuesday, January 13th. They set a “buy” rating and a $25.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a report on Tuesday, February 3rd. Finally, Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, February 20th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Price Performance

Shares of PENG opened at $18.26 on Friday. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80. The business’s fifty day moving average is $19.56 and its 200 day moving average is $21.65. 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 P/E ratio of 79.39 and a beta of 2.19.

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 net margin of 1.82% and a return on equity of 16.01%. The business had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Sell-side 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 business’s stock in a transaction dated 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 sale, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $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 SEC, which is available at this link. 2.90% of the stock is owned by corporate insiders.

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.