Penguin Solutions, Inc. $PENG Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies increased its stake in Penguin Solutions by 35.3% in Q3, buying an additional 337,564 shares to hold 1,294,279 shares (about 2.45% ownership) valued at roughly $34.0M.
• Penguin beat quarterly EPS expectations ($0.49 vs. estimate $0.41), reported revenue roughly in line with estimates, and set FY 2026 guidance of 1.75–2.25 EPS.
• Analysts carry a consensus "Moderate Buy" with a consensus target of $28 (six Buy, three Hold), while the stock trades in the high teens with a market cap near $960M and a P/E of about 79.4.

American Century Companies Inc. raised its position in Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) by 35.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,294,279 shares of the company's stock after purchasing an additional 337,564 shares during the quarter. American Century Companies Inc. owned 2.45% of Penguin Solutions worth $34,014,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio acquired a new stake in Penguin Solutions during the 3rd quarter worth approximately $42,000. Jones Financial Companies Lllp lifted its position in Penguin Solutions by 4,131.7% during the third quarter. Jones Financial Companies Lllp now owns 1,735 shares of the company's stock valued at $45,000 after buying an additional 1,694 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Penguin Solutions during the second quarter valued at approximately $37,000. Federated Hermes Inc. grew its stake 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 period. Finally, Osaic Holdings Inc. grew its stake in Penguin Solutions by 20.8% during the second quarter. Osaic Holdings Inc. now owns 3,583 shares of the company's stock worth $71,000 after buying an additional 617 shares during the period.

Penguin Solutions Trading Down 3.8%

PENG opened at $18.26 on Friday. The firm's 50 day moving average is $19.56 and its 200-day moving average is $21.63. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $29.80. The company has a quick ratio of 1.86, a current ratio of 2.33 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $959.75 million, a P/E ratio of 79.39 and a beta of 2.19.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last announced its 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. Penguin Solutions had a net margin of 1.82% and a return on equity of 16.01%. The business had revenue of $343.07 million during 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. Analysts expect that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year.

Insiders Place Their Bets

In other Penguin Solutions news, SVP Joseph Gates Clark sold 1,346 shares of the company's stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $19.03, for a total value 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. This represents a 1.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Penguin Solutions Company 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.

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