New York State Common Retirement Fund Purchases 44,467 Shares of Penguin Solutions, Inc. $PENG

New York State Common Retirement Fund boosted its position in Penguin Solutions, Inc. (NASDAQ:PENG) by 303.8% during the 3rd quarter, Holdings Channel reports. The fund owned 59,102 shares of the company’s stock after buying an additional 44,467 shares during the period. New York State Common Retirement Fund’s holdings in Penguin Solutions were worth $1,553,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Penguin Solutions during the second quarter worth approximately $37,000. Strs Ohio bought a new stake in Penguin Solutions during the 3rd quarter valued at $42,000. Federated Hermes Inc. raised its holdings in Penguin Solutions by 803.9% during the third quarter. Federated Hermes Inc. now owns 1,862 shares of the company’s stock worth $49,000 after buying an additional 1,656 shares during the last quarter. Osaic Holdings Inc. lifted its stake in shares of Penguin Solutions by 20.8% in the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company’s stock valued at $71,000 after buying an additional 617 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Penguin Solutions by 82.1% during the second quarter. CWM LLC now owns 4,111 shares of the company’s stock valued at $81,000 after buying an additional 1,854 shares during the last quarter.

Penguin Solutions Trading Up 1.2%

Shares of Penguin Solutions stock opened at $19.00 on Tuesday. The firm has a market cap of $998.64 million, a PE ratio of 82.61 and a beta of 2.24. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year 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. The stock has a fifty day moving average price of $20.07 and a 200-day moving average price of $22.21.

Penguin Solutions (NASDAQ:PENG) last posted its quarterly earnings results on Tuesday, January 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.08. The company had revenue of $343.07 million during the quarter, compared to analyst estimates of $345.08 million. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. Penguin Solutions has set its FY 2026 guidance at 1.750-2.250 EPS. Equities research analysts anticipate that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on PENG. 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 target price on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a research report on Tuesday, February 3rd. Wall Street Zen downgraded shares of Penguin Solutions from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Weiss Ratings downgraded shares of Penguin Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Penguin Solutions has a consensus rating of “Moderate Buy” and an average target price of $28.00.

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.