Optimize Financial Inc Sells 44,847 Shares of Penguin Solutions, Inc. $PENG

Optimize Financial Inc lessened its position in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 44.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,546 shares of the company’s stock after selling 44,847 shares during the quarter. Penguin Solutions makes up about 0.8% of Optimize Financial Inc’s investment portfolio, making the stock its 26th largest position. Optimize Financial Inc owned 0.11% of Penguin Solutions worth $1,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. bought a new stake in Penguin Solutions in the 3rd quarter valued at $359,000. Ashton Thomas Private Wealth LLC acquired a new stake in Penguin Solutions during the third quarter valued at approximately $210,000. Jones Financial Companies Lllp raised its holdings in shares of Penguin Solutions by 4,131.7% in the 3rd 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. State of Wyoming acquired a new position in shares of Penguin Solutions in the 3rd quarter worth approximately $493,000. Finally, Thrivent Financial for Lutherans bought a new position in shares of Penguin Solutions during the 3rd quarter worth approximately $904,000.

Penguin Solutions Price Performance

Shares of PENG stock opened at $18.21 on Wednesday. The firm’s 50 day moving average price is $20.22 and its two-hundred day moving average price is $22.39. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.86 and a current ratio of 2.33. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80. The stock has a market cap of $957.12 million, a PE ratio of 79.17 and a beta of 2.23.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share 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 company had revenue of $343.07 million for the quarter, compared to the consensus estimate of $345.08 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. As a group, analysts forecast that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on PENG shares. Wall Street Zen cut Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Penguin Solutions in a report on Tuesday. The Goldman Sachs Group started coverage on Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $30.00 target price on shares of Penguin Solutions in a report on Tuesday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Penguin Solutions in a report on Thursday, January 22nd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.