Penguin Solutions, Inc. $PENG Stake Increased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL increased its holdings in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 32.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 314,721 shares of the company’s stock after buying an additional 76,828 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Penguin Solutions were worth $8,271,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new stake in Penguin Solutions in the 2nd quarter worth about $37,000. Strs Ohio acquired a new stake in Penguin Solutions during the 3rd quarter worth about $42,000. Jones Financial Companies Lllp grew its stake in Penguin Solutions by 4,131.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company’s stock valued at $45,000 after acquiring an additional 1,694 shares in the last quarter. Allworth Financial LP grew its stake in Penguin Solutions by 41.4% during the 3rd quarter. Allworth Financial LP now owns 1,792 shares of the company’s stock valued at $47,000 after acquiring an additional 525 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings 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 purchasing an additional 1,656 shares during the period.

Penguin Solutions Stock Up 2.1%

Shares of Penguin Solutions stock opened at $17.89 on Tuesday. The firm has a market cap of $940.30 million, a price-to-earnings ratio of 77.78 and a beta of 2.19. The stock has a 50-day simple moving average of $19.12 and a 200-day simple moving average of $21.13. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week 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.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, January 6th. The company reported $0.49 EPS 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 research analysts expect that Penguin Solutions, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Penguin Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. 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. Finally, The Goldman Sachs Group assumed coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Penguin Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Insiders Place Their Bets

In other news, SVP Joseph Gates Clark sold 1,346 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total transaction of $25,614.38. Following the transaction, the senior vice president owned 122,318 shares in the company, valued at approximately $2,327,711.54. This trade represents a 1.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Anne Kuykendall sold 4,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $17.75, for a total transaction of $71,000.00. Following the completion of the sale, the senior vice president owned 131,352 shares of the company’s stock, valued at $2,331,498. This represents a 2.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.90% of the stock is currently owned by company 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.