Pacific Ridge Capital Partners LLC Grows Stock Position in Penguin Solutions, Inc. $PENG

Pacific Ridge Capital Partners LLC increased its stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG) by 27.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,830 shares of the company’s stock after acquiring an additional 13,241 shares during the period. Pacific Ridge Capital Partners LLC owned about 0.12% of Penguin Solutions worth $1,190,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Kennedy Capital Management LLC increased its stake in shares of Penguin Solutions by 31.9% in the 3rd quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company’s stock valued at $26,074,000 after purchasing an additional 240,159 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Penguin Solutions in the third quarter valued at approximately $3,920,000. State of Alaska Department of Revenue increased its position in shares of Penguin Solutions by 98.3% in the fourth quarter. State of Alaska Department of Revenue now owns 47,576 shares of the company’s stock valued at $930,000 after buying an additional 23,582 shares in the last quarter. Barclays PLC raised its stake in shares of Penguin Solutions by 46.9% during the 3rd quarter. Barclays PLC now owns 1,055,189 shares of the company’s stock worth $27,730,000 after buying an additional 336,644 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Penguin Solutions by 35.3% during the 3rd quarter. American Century Companies Inc. now owns 1,294,279 shares of the company’s stock worth $34,014,000 after buying an additional 337,564 shares during the period.

Penguin Solutions Stock Performance

PENG opened at $43.54 on Tuesday. Penguin Solutions, Inc. has a twelve month low of $16.04 and a twelve month high of $46.75. The firm has a market capitalization of $2.21 billion, a PE ratio of 60.47 and a beta of 2.66. The company has a current ratio of 2.10, a quick ratio of 1.55 and a debt-to-equity ratio of 1.09. The firm’s 50-day moving average price is $23.52 and its 200 day moving average price is $21.33.

Penguin Solutions (NASDAQ:PENG) last released its quarterly earnings data on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.09. Penguin Solutions had a net margin of 4.07% and a return on equity of 19.94%. The company had revenue of $343.00 million during the quarter, compared to the consensus estimate of $339.00 million. As a group, sell-side analysts expect that Penguin Solutions, Inc. will post 1.66 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Anne Kuykendall sold 4,000 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $17.75, for a total value of $71,000.00. Following the completion of the sale, the senior vice president owned 131,352 shares of the company’s stock, valued at approximately $2,331,498. This trade represents a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Joseph Gates Clark sold 5,000 shares of Penguin Solutions stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $29.75, for a total value of $148,750.00. Following the transaction, the senior vice president owned 86,776 shares in the company, valued at approximately $2,581,586. The trade was a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,769 shares of company stock valued at $698,383 over the last 90 days. Company insiders own 2.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price target on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Needham & Company LLC upped their price objective on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. The Goldman Sachs Group started coverage on shares of Penguin Solutions in a report on Tuesday, January 13th. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Research upgraded shares of Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded shares of Penguin Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $27.25.

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.