Think Investments LP Takes $15.71 Million Position in Penguin Solutions, Inc. $PENG

Key Points

• Think Investments LP acquired a $15.71 million stake in Penguin Solutions, buying 904,587 shares, which now represent about 3.1% of its investment portfolio.
• Other institutional investors have also shown interest, with Vanguard Group Inc. leading a series of new stakes, totaling investments over $111 million.
• Penguin Solutions reported earnings of $0.47 per share for the last quarter, exceeding analysts' expectations of $0.30, while setting its FY 2025 guidance between $1.750 and $1.850 EPS.

Think Investments LP bought a new stake in Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 904,587 shares of the company's stock, valued at approximately $15,713,000. Penguin Solutions accounts for about 3.1% of Think Investments LP's investment portfolio, making the stock its 15th biggest holding. Think Investments LP owned 1.71% of Penguin Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PENG. Vanguard Group Inc. acquired a new stake in Penguin Solutions in the first quarter valued at $111,458,000. Alliancebernstein L.P. acquired a new stake in shares of Penguin Solutions in the 1st quarter worth about $28,919,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Penguin Solutions in the 1st quarter worth about $19,545,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Penguin Solutions in the 1st quarter worth about $14,786,000. Finally, Royce & Associates LP acquired a new stake in shares of Penguin Solutions in the 1st quarter worth about $14,020,000.

Insiders Place Their Bets

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

Penguin Solutions Trading Up 0.6%

Shares of PENG stock opened at $24.87 on Friday. Penguin Solutions, Inc. has a 1 year low of $14.20 and a 1 year high of $25.94. The firm's fifty day simple moving average is $23.64 and its 200 day simple moving average is $20.13. The firm has a market capitalization of $1.30 billion, a P/E ratio of -88.82 and a beta of 2.13. 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 (NASDAQ:PENG - Get Free Report) last announced its earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 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, sell-side analysts predict that Penguin Solutions, Inc. will post 1.05 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $26.00 target price on shares of Penguin Solutions in a research note on Wednesday, July 9th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $27.00 price objective on shares of Penguin Solutions in a research note on Monday, August 11th. Needham & Company LLC lifted their target price on shares of Penguin Solutions from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. The Goldman Sachs Group lifted their target price on shares of Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. Finally, Loop Capital raised their price target on shares of Penguin Solutions from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Penguin Solutions presently has a consensus rating of "Buy" and a consensus target price of $27.13.

About Penguin Solutions

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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