New York State Common Retirement Fund Has $1.55 Million Stock Position in Penguin Solutions, Inc. $PENG

New York State Common Retirement Fund grew its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 303.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 59,102 shares of the company’s stock after buying an additional 44,467 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Penguin Solutions worth $1,553,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PENG. Royal Bank of Canada bought a new stake in Penguin Solutions during the 1st quarter worth $7,250,000. Amundi acquired a new stake in Penguin Solutions during the 1st quarter worth approximately $373,000. AQR Capital Management LLC acquired a new stake in Penguin Solutions during the 1st quarter worth approximately $1,076,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Penguin Solutions during the 1st quarter worth approximately $538,000. Finally, Goldman Sachs Group Inc. acquired a new position in Penguin Solutions in the 1st quarter valued at approximately $3,259,000.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Weiss Ratings lowered shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. The Goldman Sachs Group assumed coverage on Penguin Solutions in a research note on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price target for the company. Wall Street Zen lowered Penguin Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 target price on shares of Penguin Solutions in a report on Tuesday, February 3rd. Six investment 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $28.00.

Penguin Solutions Trading Up 1.2%

NASDAQ PENG opened at $19.00 on Tuesday. The stock has a market capitalization of $998.64 million, a P/E ratio of 82.61 and a beta of 2.24. The business has a 50 day simple moving average of $20.07 and a 200 day simple moving average of $22.21. 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, Inc. has a one year low of $14.20 and a one year high of $29.80.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share (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 analysts’ expectations 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. Research analysts expect that Penguin Solutions, Inc. will post 1.05 earnings per share for the current year.

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.