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

LSV Asset Management lifted its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 337.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 569,368 shares of the company’s stock after buying an additional 439,268 shares during the period. LSV Asset Management’s holdings in Penguin Solutions were worth $14,963,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Strs Ohio bought a new position in Penguin Solutions during the third quarter worth $42,000. Jones Financial Companies Lllp raised its holdings in shares of Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after purchasing an additional 1,694 shares during the period. Raymond James Financial Inc. bought a new position in shares of Penguin Solutions during the 2nd quarter worth about $37,000. Federated Hermes Inc. grew its stake in shares of Penguin Solutions by 803.9% in the 3rd quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock valued at $49,000 after buying an additional 1,656 shares during the period. Finally, Osaic Holdings Inc. increased its position in Penguin Solutions by 20.8% in the 2nd quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock valued at $71,000 after buying an additional 617 shares in the last quarter.

Wall Street Analysts Forecast Growth

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

Penguin Solutions Trading Up 3.5%

NASDAQ:PENG opened at $19.37 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 84.22 and a beta of 2.23. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $29.80. The firm has a 50-day moving average price of $19.87 and a two-hundred day moving average price of $22.06.

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

Insiders Place Their Bets

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of the company’s stock in a transaction on 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 owned 122,318 shares in the company, valued at $2,327,711.54. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.90% of the company’s stock.

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.