Connor Clark & Lunn Investment Management Ltd. Acquires 28,765 Shares of Penguin Solutions, Inc. $PENG

Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 90.9% in the second quarter, HoldingsChannel reports. The firm owned 60,418 shares of the company’s stock after buying an additional 28,765 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Penguin Solutions were worth $1,197,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp bought a new position in Penguin Solutions in the first quarter worth about $5,959,000. Arizona State Retirement System purchased a new position in shares of Penguin Solutions in the 1st quarter worth approximately $251,000. New York State Common Retirement Fund bought a new position in shares of Penguin Solutions during the 1st quarter worth approximately $254,000. Louisiana State Employees Retirement System bought a new position in shares of Penguin Solutions during the 1st quarter worth approximately $436,000. Finally, CWM LLC purchased a new stake in Penguin Solutions during the first quarter valued at approximately $39,000.

Analyst Ratings Changes

Several equities analysts have issued reports on PENG shares. Needham & Company LLC lifted their price target on shares of Penguin Solutions from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. JMP Securities restated a “market outperform” rating and set a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, October 8th. Rosenblatt Securities reiterated a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research note on Tuesday, October 14th. Wall Street Zen downgraded Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Zacks Research lowered Penguin Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Penguin Solutions Stock Performance

PENG opened at $18.56 on Tuesday. The company has a current ratio of 2.25, a quick ratio of 1.71 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $29.80. The firm has a 50 day moving average of $23.85 and a two-hundred day moving average of $22.37. The firm has a market capitalization of $981.06 million, a PE ratio of 64.00 and a beta of 2.20.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Tuesday, October 7th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Penguin Solutions had a net margin of 1.82% and a return on equity of 14.45%. The firm had revenue of $643.49 million for the quarter, compared to analyst estimates of $342.11 million. Penguin Solutions has set its FY 2026 guidance at 1.750-2.25 EPS. On average, analysts anticipate that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Penguin Solutions 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.