William Blair Investment Management LLC Makes New Investment in Penguin Solutions, Inc. $PENG

Posted by Stanley Muller on Aug 23rd, 2026

William Blair Investment Management LLC acquired a new stake in shares of Penguin Solutions, Inc. (NASDAQ:PENG – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 450,030 shares of the company’s stock, valued at approximately $34,207,000.

Other hedge funds have also recently modified their holdings of the company. Maverick Capital Ltd. purchased a new position in Penguin Solutions during the 1st quarter valued at about $771,000. Fisher Asset Management LLC bought a new stake in Penguin Solutions during the fourth quarter worth about $716,000. California State Teachers Retirement System grew its holdings in Penguin Solutions by 52.8% in the first quarter. California State Teachers Retirement System now owns 74,580 shares of the company’s stock worth $1,313,000 after purchasing an additional 25,763 shares during the period. Pacer Advisors Inc. grew its holdings in Penguin Solutions by 34.0% in the first quarter. Pacer Advisors Inc. now owns 261,776 shares of the company’s stock worth $4,607,000 after purchasing an additional 66,460 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Penguin Solutions by 241.3% during the first quarter. First Trust Advisors LP now owns 49,067 shares of the company’s stock valued at $864,000 after purchasing an additional 34,691 shares in the last quarter.

Wall Street Analyst Weigh In

PENG has been the subject of several recent research reports. Stifel Nicolaus lifted their target price on shares of Penguin Solutions from $66.00 to $75.00 and gave the company a “buy” rating in a report on Wednesday, July 8th. Citizens Jmp upped their price target on Penguin Solutions from $65.00 to $85.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 8th. Citigroup reaffirmed an “outperform” rating on shares of Penguin Solutions in a research report on Wednesday, July 8th. Weiss Ratings upgraded Penguin Solutions from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 8th. Finally, Rosenblatt Securities boosted their target price on Penguin Solutions from $65.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.33.

Read Our Latest Report on Penguin Solutions

Penguin Solutions Stock Up 2.9%

NASDAQ:PENG opened at $52.62 on Friday. The firm has a market cap of $2.70 billion, a P/E ratio of 37.32 and a beta of 2.87. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 1.54. Penguin Solutions, Inc. has a fifty-two week low of $16.04 and a fifty-two week high of $89.86. The firm has a 50-day simple moving average of $61.83 and a two-hundred day simple moving average of $41.82.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last issued its earnings results on Tuesday, July 7th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.21. The firm had revenue of $478.71 million for the quarter, compared to the consensus estimate of $407.47 million. Penguin Solutions had a net margin of 6.44% and a return on equity of 28.23%. During the same quarter in the prior year, the firm posted $0.52 earnings per share. Analysts predict that Penguin Solutions, Inc. will post 2.08 earnings per share for the current fiscal year.

Insider Activity at Penguin Solutions

In related news, SVP Joseph Gates Clark sold 1,327 shares of the company’s stock in a transaction that occurred on Thursday, July 23rd. The stock was sold at an average price of $57.47, for a total value of $76,262.69. Following the transaction, the senior vice president directly owned 63,056 shares of the company’s stock, valued at approximately $3,623,828.32. This represents a 2.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock in a transaction on Monday, June 15th. The shares were sold at an average price of $64.38, for a total value of $257,520.00. Following the sale, the senior vice president owned 120,794 shares in the company, valued at approximately $7,776,717.72. This represents a 3.21% decrease in their ownership of the stock. 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 have sold 19,678 shares of company stock valued at $1,160,946 in the last three months. 2.90% of the stock is owned by insiders.

Penguin Solutions Company 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.