Royal Bank of Canada Lowers Holdings in Penguin Solutions, Inc. $PENG

Posted by George Bondi on Aug 15th, 2026

Royal Bank of Canada lowered its position in Penguin Solutions, Inc. (NASDAQ:PENG – Free Report) by 31.4% during the 1st quarter, Holdings Channel reports. The firm owned 192,135 shares of the company’s stock after selling 88,061 shares during the quarter. Royal Bank of Canada’s holdings in Penguin Solutions were worth $3,381,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PENG. Farther Finance Advisors LLC raised its position in Penguin Solutions by 187.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,452 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of Penguin Solutions in the 4th quarter worth $29,000. Raymond James Financial Inc. bought a new position in shares of Penguin Solutions during the 2nd quarter worth $37,000. Torren Management LLC bought a new position in shares of Penguin Solutions during the 4th quarter worth $48,000. Finally, Advisory Services Network LLC purchased a new position in shares of Penguin Solutions during the third quarter valued at $50,000.

Insider Transactions at Penguin Solutions

In other news, SVP Joseph Gates Clark sold 10,351 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $58.87, for a total value of $609,363.37. Following the sale, the senior vice president directly owned 66,425 shares in the company, valued at approximately $3,910,439.75. This trade represents a 13.48% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anne Kuykendall sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $54.45, for a total transaction of $217,800.00. Following the completion of the sale, the senior vice president owned 124,794 shares in the company, valued at $6,795,033.30. This represents a 3.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 19,678 shares of company stock valued at $1,160,946 over the last quarter. 2.90% of the stock is currently owned by corporate insiders.

Penguin Solutions Trading Up 4.8%

PENG opened at $63.80 on Friday. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 45.25 and a beta of 2.87. The company has a current ratio of 1.54, a quick ratio of 1.10 and a debt-to-equity ratio of 0.65. Penguin Solutions, Inc. has a 12 month low of $16.04 and a 12 month high of $89.86. The stock has a fifty day moving average price of $62.53 and a 200-day moving average price of $40.56.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last issued its quarterly earnings data on Tuesday, July 7th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.21. Penguin Solutions had a return on equity of 28.23% and a net margin of 6.44%.The firm had revenue of $478.71 million during the quarter, compared to analysts’ expectations of $407.47 million. During the same period in the prior year, the business posted $0.52 EPS. As a group, equities research analysts anticipate that Penguin Solutions, Inc. will post 2.08 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PENG shares. Weiss Ratings upgraded Penguin Solutions from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, July 8th. Citigroup reiterated an “outperform” rating on shares of Penguin Solutions in a report on Wednesday, July 8th. 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 report on Monday, July 6th. Barclays lowered shares of Penguin Solutions from an “equal weight” rating to an “underweight” rating and set a $40.00 price target for the company. in a report on Monday, July 20th. Finally, Stifel Nicolaus upped their price target on shares of Penguin Solutions from $66.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Penguin Solutions currently has an average rating of “Moderate Buy” and an average price target of $63.33.

Get Our Latest Analysis on PENG

About Penguin Solutions

(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.