Segall Bryant & Hamill LLC Boosts Stake in Penguin Solutions, Inc. $PENG

Segall Bryant & Hamill LLC increased its position in Penguin Solutions, Inc. (NASDAQ:PENG) by 60.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 196,515 shares of the company’s stock after purchasing an additional 73,761 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.37% of Penguin Solutions worth $5,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Royce & Associates LP grew its stake in Penguin Solutions by 0.7% in the third quarter. Royce & Associates LP now owns 909,460 shares of the company’s stock worth $23,901,000 after purchasing an additional 6,287 shares during the period. American Century Companies Inc. boosted its holdings in shares of Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock valued at $34,014,000 after buying an additional 337,564 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Penguin Solutions in the 3rd quarter worth about $3,077,000. Aster Capital Management DIFC Ltd bought a new position in shares of Penguin Solutions in the 3rd quarter worth about $124,000. Finally, Intech Investment Management LLC purchased a new position in Penguin Solutions during the 3rd quarter valued at about $498,000.

Wall Street Analyst Weigh In

PENG has been the topic of a number of recent research reports. The Goldman Sachs Group began coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They issued a “buy” rating and a $25.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Rosenblatt Securities restated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, February 3rd. Weiss Ratings raised Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, February 20th. Finally, Wall Street Zen raised Penguin Solutions from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Penguin Solutions Stock Up 1.3%

Penguin Solutions stock opened at $19.20 on Thursday. Penguin Solutions, Inc. has a 12 month low of $14.20 and a 12 month high of $29.80. The stock has a fifty day simple moving average of $19.62 and a two-hundred day simple moving average of $21.71. The company has a current ratio of 2.33, a quick ratio of 1.86 and a debt-to-equity ratio of 1.10. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 83.48 and a beta of 2.19.

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

Insider Activity

In other news, SVP Joseph Gates Clark sold 1,346 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president directly owned 122,318 shares of the company’s stock, valued at $2,327,711.54. The trade was a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

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.