21,200 Shares in Penguin Solutions, Inc. $PENG Purchased by Louisiana State Employees Retirement System

Posted by Brian Himes on Jul 9th, 2026

Louisiana State Employees Retirement System acquired a new position 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 firm acquired 21,200 shares of the company’s stock, valued at approximately $373,000.

Other large investors have also bought and sold shares of the company. William Blair Investment Management LLC purchased a new stake in shares of Penguin Solutions in the 4th quarter worth about $18,290,000. Fisher Asset Management LLC purchased a new position in Penguin Solutions during the 4th quarter valued at about $716,000. State of Alaska Department of Revenue boosted its stake in Penguin Solutions by 98.3% during the fourth quarter. State of Alaska Department of Revenue now owns 47,576 shares of the company’s stock worth $930,000 after acquiring an additional 23,582 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in Penguin Solutions by 31.9% during the third quarter. Kennedy Capital Management LLC now owns 992,168 shares of the company’s stock worth $26,074,000 after acquiring an additional 240,159 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Penguin Solutions by 980.0% in the fourth quarter. M&T Bank Corp now owns 109,567 shares of the company’s stock worth $2,143,000 after purchasing an additional 99,422 shares during the period.

Insiders Place Their Bets

In related news, SVP Joseph Gates Clark sold 10,351 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $58.87, for a total transaction of $609,363.37. Following the sale, the senior vice president directly owned 66,425 shares of the company’s stock, valued at $3,910,439.75. This trade represents a 13.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Sandeep Nayyar sold 12,893 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was sold at an average price of $45.09, for a total value of $581,345.37. Following the completion of the transaction, the director directly owned 32,524 shares of the company’s stock, valued at approximately $1,466,507.16. This trade represents a 28.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 70,574 shares of company stock valued at $3,203,822. Company insiders own 2.90% of the company’s stock.

Penguin Solutions Stock Up 25.1%

Shares of Penguin Solutions stock opened at $78.47 on Thursday. The company has a 50-day simple moving average of $56.59 and a two-hundred day simple moving average of $33.09. The stock has a market capitalization of $3.98 billion, a PE ratio of 55.65 and a beta of 2.83. Penguin Solutions, Inc. has a 52-week low of $16.04 and a 52-week high of $80.00. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.55 and a current ratio of 2.10.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last posted its quarterly earnings results on Tuesday, July 7th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.21. Penguin Solutions had a net margin of 6.44% and a return on equity of 29.08%. The firm had revenue of $478.71 million for the quarter, compared to analysts’ expectations of $407.47 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. On average, analysts anticipate that Penguin Solutions, Inc. will post 1.79 EPS for the current fiscal year.

Penguin Solutions News Summary

Here are the key news stories impacting Penguin Solutions this week:

Positive Sentiment: Penguin Solutions posted record Q3 net sales of $478.7 million, up about 48% year over year, and EPS of $0.84 versus the $0.63 consensus estimate, signaling stronger-than-expected demand. Penguin Solutions Reports Q3 Fiscal 2026 Financial Results
Positive Sentiment: The company raised its full-year outlook and indicated roughly 30% FY2027 net sales and EPS growth, reinforcing confidence that growth is accelerating rather than peaking. Penguin Solutions signals ~30% FY2027 net sales and EPS growth as it raises FY2026 EPS to ~$2.60
Positive Sentiment: Analysts responded by lifting price targets, including JMP to $85 and Needham to $80, reflecting improved sentiment after the earnings release. These Analysts Boost Their Forecasts On Penguin Solutions After Upbeat Q3 Results
Positive Sentiment: Coverage also highlighted strengthening AI infrastructure demand, new Nvidia-related positioning, and broader institutional interest, which could support further upside. Penguin Solutions (PENG) Wins Nvidia AI Status And Unveils New ClusterWareAI Tools
Neutral Sentiment: Some commentary noted margin pressure from a lower gross margin, but expense control helped offset it and still drove operating margin expansion. Penguin Solutions: It Isn’t Too Late To Buy After Q3 Earnings

Analyst Ratings Changes

A number of brokerages have weighed in on PENG. Rosenblatt Securities raised their target price on shares of Penguin Solutions from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Monday. Barclays cut Penguin Solutions from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $23.00 to $27.00 in a research report on Wednesday, April 22nd. Citigroup restated an “outperform” rating on shares of Penguin Solutions in a research note on Wednesday. Citizens Jmp raised their price objective on Penguin Solutions from $65.00 to $85.00 and gave the company a “market outperform” rating in a research report on Wednesday. Finally, Zacks Research upgraded Penguin Solutions from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued 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 $53.25.

Get Our Latest Analysis on Penguin Solutions

Penguin Solutions Profile

(Free Report)

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.