165,948 Shares in Penguin Solutions, Inc. $PENG Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in Penguin Solutions, Inc., purchasing 165,948 shares valued at approximately $2.88 million, representing about 0.31% ownership of the company.
• Several research analysts have provided ratings on Penguin Solutions, with an average rating of "Buy" and a target price of $27.13, following recent upgrades and downgrades.
• Insider transactions have seen key executives, including Director Penny Herscher and EVP Jack A. Pacheco, selling substantial amounts of company stock, signaling potential shifts in confidence or strategy.

Nuveen LLC acquired a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 165,948 shares of the company's stock, valued at approximately $2,883,000. Nuveen LLC owned approximately 0.31% of Penguin Solutions as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in PENG. Crews Bank & Trust purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at $28,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Penguin Solutions during the 1st quarter valued at $188,000. Allspring Global Investments Holdings LLC bought a new position in shares of Penguin Solutions during the 1st quarter valued at $779,000. Amalgamated Bank bought a new position in shares of Penguin Solutions during the 1st quarter valued at $264,000. Finally, New York State Teachers Retirement System bought a new position in shares of Penguin Solutions during the 1st quarter valued at $248,000.

Insider Buying and Selling at Penguin Solutions

In other Penguin Solutions news, EVP Jack A. Pacheco sold 63,447 shares of the stock in a transaction on Monday, July 21st. The shares were sold at an average price of $24.83, for a total transaction of $1,575,389.01. Following the completion of the transaction, the executive vice president owned 227,231 shares in the company, valued at $5,642,145.73. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Penny Herscher sold 2,046 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total transaction of $52,009.32. Following the transaction, the director owned 18,222 shares of the company's stock, valued at $463,203.24. This trade represents a 10.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 66,175 shares of company stock valued at $1,644,448 in the last quarter. 2.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on PENG shares. JMP Securities reaffirmed a "market outperform" rating and set a $26.00 target price on shares of Penguin Solutions in a report on Wednesday, July 9th. JPMorgan Chase & Co. raised their target price on shares of Penguin Solutions from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen cut shares of Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 12th. Needham & Company LLC lifted their price target on shares of Penguin Solutions from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Finally, Loop Capital lifted their price target on shares of Penguin Solutions from $30.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, July 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Penguin Solutions currently has a consensus rating of "Buy" and a consensus price target of $27.13.

Penguin Solutions Price Performance

Shares of NASDAQ PENG traded down $0.49 during midday trading on Friday, reaching $24.13. The stock had a trading volume of 459,960 shares, compared to its average volume of 718,555. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.24 and a current ratio of 2.62. The stock has a 50-day moving average of $23.24 and a 200-day moving average of $20.03. Penguin Solutions, Inc. has a 12-month low of $14.20 and a 12-month high of $25.94. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -86.18 and a beta of 2.02.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its quarterly earnings data on Tuesday, July 8th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.30 by $0.17. Penguin Solutions had a negative net margin of 0.68% and a positive return on equity of 13.27%. The business had revenue of $324.25 million during the quarter, compared to analyst estimates of $330.82 million. Penguin Solutions has set its FY 2025 guidance at 1.750-1.850 EPS. As a group, research analysts anticipate that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal 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.