Swiss National Bank Buys Shares of 98,100 Penguin Solutions, Inc. $PENG

Key Points

• The Swiss National Bank acquired 98,100 shares of Penguin Solutions, Inc., valued at approximately $1.7 million, representing about 0.19% of the company.
• Analysts have recently adjusted price targets for Penguin Solutions, with estimates ranging from $21.00 to $30.00, though the average target stands at $27.13 with a consensus rating of "Buy".
• The stock has experienced a 3.0% increase in value, currently trading at $24.35, while the company reported $0.47 EPS for the last quarter, beating expectations.

Swiss National Bank purchased a new position in Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 98,100 shares of the company's stock, valued at approximately $1,704,000. Swiss National Bank owned about 0.19% of Penguin Solutions as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of PENG. Vanguard Group Inc. bought a new stake in Penguin Solutions in the first quarter worth $111,458,000. Charles Schwab Investment Management Inc. purchased a new stake in Penguin Solutions in the first quarter worth $14,786,000. Royce & Associates LP purchased a new stake in Penguin Solutions in the first quarter worth $14,020,000. Deutsche Bank AG purchased a new stake in Penguin Solutions in the first quarter worth $13,231,000. Finally, Foundry Partners LLC purchased a new stake in Penguin Solutions in the first quarter worth $11,989,000.

Insider Buying and Selling at Penguin Solutions

In other news, EVP Jack A. Pacheco sold 63,447 shares of the firm's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.83, for a total transaction of $1,575,389.01. Following the transaction, the executive vice president owned 227,231 shares in the company, valued at approximately $5,642,145.73. This trade represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Penny Herscher sold 2,046 shares of Penguin Solutions stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total value of $52,009.32. Following the completion of the transaction, the director owned 18,222 shares in the company, valued at $463,203.24. This trade represents a 10.09% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,175 shares of company stock worth $1,644,448. Insiders own 2.60% of the company's stock.

Penguin Solutions Stock Down 2.0%

Shares of Penguin Solutions stock traded down $0.49 during trading on Friday, hitting $24.13. 459,960 shares of the stock traded hands, compared to its average volume of 718,555. The firm has a market cap of $1.26 billion, a P/E ratio of -86.18 and a beta of 2.02. The company has a current ratio of 2.62, a quick ratio of 2.24 and a debt-to-equity ratio of 1.08. Penguin Solutions, Inc. has a 52-week low of $14.20 and a 52-week high of $25.94. The stock's fifty day simple moving average is $23.24 and its 200 day simple moving average is $20.04.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Rosenblatt Securities reiterated a "buy" rating and issued a $27.00 target price on shares of Penguin Solutions in a research note on Monday, August 11th. Needham & Company LLC increased their target price on Penguin Solutions from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd. JMP Securities reiterated a "market outperform" rating and issued a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, July 9th. The Goldman Sachs Group increased their target price on Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a research note on Wednesday, July 9th. Finally, JPMorgan Chase & Co. increased their target price on Penguin Solutions from $21.00 to $24.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Penguin Solutions currently has a consensus rating of "Buy" and an average target price of $27.13.

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.