Penguin Solutions (NASDAQ:PENG) Raised to Strong-Buy at Wall Street Zen

Penguin Solutions (NASDAQ:PENG) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on PENG. Barclays lifted their target price on shares of Penguin Solutions from $40.00 to $60.00 and gave the stock an “underweight” rating in a report on Wednesday, October 7th. Citizens Jmp upped their price target on shares of Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 8th. Needham & Company LLC raised their price objective on shares of Penguin Solutions from $80.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, October 7th. Deutsche Bank Aktiengesellschaft set a $100.00 price objective on Penguin Solutions in a report on Friday, October 9th. Finally, Rosenblatt Securities boosted their price objective on Penguin Solutions from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Penguin Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Penguin Solutions Stock Performance

PENG stock opened at $57.10 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.88 and a quick ratio of 1.25. The company has a fifty day moving average price of $56.43 and a two-hundred day moving average price of $52.56. Penguin Solutions has a one year low of $16.04 and a one year high of $89.86. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.86.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, October 6th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.77 by $0.23. The firm had revenue of $566.68 million for the quarter, compared to the consensus estimate of $520.99 million. Penguin Solutions had a net margin of 10.43% and a return on equity of 36.71%. During the same period in the previous year, the company earned $0.11 earnings per share. Penguin Solutions has set its FY 2027 guidance at 3.750-5.15 EPS. Equities analysts anticipate that Penguin Solutions will post 4.05 EPS for the current year.

Insider Buying and Selling at Penguin Solutions

In other news, SVP Joseph Clark sold 1,327 shares of Penguin Solutions stock in a transaction on Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total transaction of $76,262.69. Following the completion of the sale, the senior vice president owned 63,056 shares of the company’s stock, valued at approximately $3,623,828.32. This trade represents a 2.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of Penguin Solutions stock in a transaction on Monday, August 24th. The stock was sold at an average price of $50.58, for a total value of $202,320.00. Following the sale, the senior vice president directly owned 112,994 shares of the company’s stock, valued at $5,715,236.52. This represents a 3.42% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Penguin Solutions

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in Penguin Solutions in the 2nd quarter valued at about $581,658,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $150,192,000. Paradigm Capital Management Inc. NY acquired a new position in shares of Penguin Solutions during the 2nd quarter worth approximately $52,135,000. William Blair Investment Management LLC bought a new position in shares of Penguin Solutions during the second quarter worth approximately $34,207,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Penguin Solutions during the second quarter worth approximately $22,503,000.

Penguin Solutions Company Profile

Penguin Solutions, Inc provides intelligent infrastructure solutions for artificial intelligence, high-performance computing, enterprise data centers and other demanding technology environments. The company combines specialized hardware, software and professional services to help organizations design, deploy and manage complex computing infrastructure.

Its offerings include AI and high-performance computing systems, servers, storage and networking infrastructure, as well as software and services for infrastructure management, optimization and support.