Fisher Asset Management LLC Buys Shares of 36,599 Penguin Solutions, Inc. $PENG

Posted by on May 31st, 2026

Fisher Asset Management LLC purchased a new stake in Penguin Solutions, Inc. (NASDAQ:PENG – Free Report) during the 4th quarter, Holdings Channel reports. The fund purchased 36,599 shares of the company’s stock, valued at approximately $716,000.

Several other large investors have also modified their holdings of the business. Optimize Financial Inc grew its position in shares of Penguin Solutions by 1.5% in the fourth quarter. Optimize Financial Inc now owns 56,354 shares of the company’s stock valued at $1,102,000 after purchasing an additional 808 shares during the last quarter. William Blair Investment Management LLC acquired a new position in shares of Penguin Solutions during the 4th quarter worth approximately $18,290,000. LSV Asset Management lifted its stake in Penguin Solutions by 66.5% in the 4th quarter. LSV Asset Management now owns 948,170 shares of the company’s stock valued at $18,546,000 after buying an additional 378,802 shares in the last quarter. FourThought Financial Partners LLC acquired a new stake in Penguin Solutions during the 4th quarter valued at $231,000. Finally, Covestor Ltd grew its holdings in Penguin Solutions by 4.7% during the 4th quarter. Covestor Ltd now owns 15,535 shares of the company’s stock valued at $304,000 after buying an additional 695 shares during the last quarter.

Insiders Place Their Bets

In related news, Director Sandeep Nayyar sold 7,107 shares of the firm’s stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $43.48, for a total value of $309,012.36. Following the sale, the director directly owned 25,417 shares of the company’s stock, valued at approximately $1,105,131.16. This trade represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Maximiliane C. Straub sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $49.00, for a total transaction of $147,000.00. Following the completion of the sale, the director owned 51,975 shares of the company’s stock, valued at approximately $2,546,775. The trade was a 5.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,769 shares of company stock worth $2,690,851 over the last 90 days. Corporate insiders own 2.90% of the company’s stock.

Analysts Set New Price Targets

PENG has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $30.00 price target on shares of Penguin Solutions in a report on Monday, March 30th. Weiss Ratings lowered Penguin Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Stifel Nicolaus cut their target price on shares of Penguin Solutions from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wall Street Zen upgraded shares of Penguin Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Needham & Company LLC raised their price target on shares of Penguin Solutions from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.25.

View Our Latest Stock Analysis on PENG

Penguin Solutions Price Performance

PENG stock opened at $55.83 on Friday. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 77.54 and a beta of 2.66. The company has a quick ratio of 1.55, a current ratio of 2.10 and a debt-to-equity ratio of 1.09. Penguin Solutions, Inc. has a 52-week low of $16.04 and a 52-week high of $60.87. The stock’s fifty day simple moving average is $32.37 and its 200-day simple moving average is $24.08.

Penguin Solutions (NASDAQ:PENG – Get Free Report) last released its earnings results on Wednesday, April 1st. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.43 by $0.09. Penguin Solutions had a return on equity of 19.94% and a net margin of 4.07%.The firm had revenue of $343.00 million during the quarter, compared to analyst estimates of $339.00 million. Equities research analysts expect that Penguin Solutions, Inc. will post 1.66 EPS for the current year.

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.

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Institutional Ownership by Quarter for Penguin Solutions (NASDAQ:PENG)

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