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

A number of other hedge funds and other institutional investors also recently bought and sold shares of PENG. Crews Bank & Trust acquired a new position in shares of Penguin Solutions during the 1st quarter worth about $28,000. IFP Advisors Inc purchased a new stake in Penguin Solutions during the first quarter worth approximately $39,000. CWM LLC acquired a new position in Penguin Solutions in the first quarter valued at approximately $39,000. PNC Financial Services Group Inc. purchased a new position in Penguin Solutions in the first quarter valued at approximately $62,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Penguin Solutions during the first quarter worth approximately $167,000.

Penguin Solutions Stock Up 3.0%

PENG opened at $24.35 on Monday. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $25.94. The business has a 50 day moving average price of $22.77 and a two-hundred day moving average price of $19.91. The company has a quick ratio of 2.24, a current ratio of 2.62 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.28 billion, a PE ratio of -86.96 and a beta of 2.02.

Penguin Solutions (NASDAQ:PENG - Get Free Report) last released its earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.17. Penguin Solutions had a positive return on equity of 13.27% and a negative net margin of 0.68%.The business had revenue of $324,251 billion for 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 year.

Insider Buying and Selling

In other news, Director Penny Herscher sold 2,046 shares of Penguin Solutions stock in a transaction that occurred 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 completion of the sale, the director directly owned 18,222 shares in the company, valued at approximately $463,203.24. This trade represents a 10.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jack A. Pacheco sold 63,447 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of $24.83, for a total value of $1,575,389.01. Following the sale, the executive vice president owned 227,231 shares in the company, valued at approximately $5,642,145.73. The trade was a 21.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 66,175 shares of company stock valued at $1,644,448. Company insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

PENG has been the topic of a number of recent analyst reports. Wall Street Zen downgraded 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 target price on Penguin Solutions from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. upped their target price on Penguin Solutions from $21.00 to $24.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. The Goldman Sachs Group raised their price target 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, JMP Securities reissued a "market outperform" rating and issued a $26.00 price objective on shares of Penguin Solutions in a report on Wednesday, July 9th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, Penguin Solutions currently has an average rating of "Buy" and an average price target of $27.13.

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.

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