Penguin Solutions, Inc. $PENG Stock Acquired by CenterBook Partners LP

CenterBook Partners LP boosted its position in Penguin Solutions, Inc. (NASDAQ:PENG) by 317.1% in the third quarter, Holdings Channel.com reports. The firm owned 24,030 shares of the company’s stock after purchasing an additional 18,269 shares during the quarter. CenterBook Partners LP’s holdings in Penguin Solutions were worth $1,314,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PENG. BlackRock Inc. acquired a new stake in shares of Penguin Solutions during the second quarter valued at about $581,658,000. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Penguin Solutions during the 2nd quarter worth approximately $150,192,000. Paradigm Capital Management Inc. NY grew its holdings in Penguin Solutions by 73.8% during the 1st quarter. Paradigm Capital Management Inc. NY now owns 1,605,100 shares of the company’s stock worth $28,250,000 after acquiring an additional 681,700 shares during the last quarter. William Blair Investment Management LLC acquired a new position in Penguin Solutions in the 2nd quarter valued at approximately $34,207,000. Finally, Bank of New York Mellon Corp acquired a new position in Penguin Solutions in the 2nd quarter valued at approximately $22,503,000.

Penguin Solutions Stock Performance

Shares of PENG stock opened at $45.70 on Tuesday. The stock has a market capitalization of $2.75 billion, a PE ratio of 20.15, a PEG ratio of 0.57 and a beta of 2.87. The business’s 50 day simple moving average is $55.53 and its 200 day simple moving average is $44.64. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.88 and a quick ratio of 1.25. Penguin Solutions, Inc. has a one year low of $16.04 and a one year high of $89.86.

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

Insider Activity

In other news, SVP Anne Kuykendall sold 738 shares of the stock in a transaction on Thursday, October 22nd. The shares were sold at an average price of $55.08, for a total transaction of $40,649.04. Following the completion of the sale, the senior vice president directly owned 141,988 shares in the company, valued at $7,820,699.04. This represents a 0.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Anthony George Frey sold 4,631 shares of Penguin Solutions stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $58.91, for a total transaction of $272,812.21. Following the transaction, the senior vice president directly owned 77,853 shares of the company’s stock, valued at $4,586,320.23. This represents a 5.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,011 shares of company stock valued at $847,239. 2.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Penguin Solutions from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 25th. The Goldman Sachs Group restated a “buy” rating and issued a $85.00 price objective on shares of Penguin Solutions in a report on Wednesday, October 7th. Zacks Research raised Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $100.00 target price on shares of Penguin Solutions in a research report on Wednesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft set a $100.00 target price on Penguin Solutions in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $87.50.

Penguin Solutions Company Profile

Penguin Solutions, formerly known as SMART Global Holdings, provides computing and memory technologies for businesses and public-sector organizations. Its offerings include systems for artificial intelligence, high-performance computing and edge computing, as well as memory modules and storage products.

The company’s portfolio includes Penguin Computing solutions for advanced computing and AI workloads, Stratus platforms designed for continuous availability, and SMART Modular memory and storage products.