25,100 Shares in Penguin Solutions, Inc. (NASDAQ:PENG) Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in Penguin Solutions, Inc. (NASDAQ:PENG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,100 shares of the company's stock, valued at approximately $436,000.Get Penguin Solutions alerts:Why Penguin Solutions Could Be the AI Sleeper Stock of 2025Other hedge funds also recently bought and sold shares of the company. Crews Bank & Trust bought a new stake in shares of Penguin Solutions in the first quarter valued at about $28,000. Cambridge Investment Research Advisors Inc. purchased a new position in Penguin Solutions during the 1st quarter valued at about $188,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Penguin Solutions in the 1st quarter valued at about $779,000. Amalgamated Bank purchased a new stake in shares of Penguin Solutions in the 1st quarter worth approximately $264,000. Finally, New York State Teachers Retirement System bought a new position in shares of Penguin Solutions during the first quarter valued at approximately $248,000. Wall Street Analyst Weigh InPENG has been the topic of a number of analyst reports. Loop Capital set a $35.00 price objective on shares of Penguin Solutions and gave the stock a "buy" rating in a research report on Monday, July 14th. The Goldman Sachs Group upped their price target on Penguin Solutions from $22.50 to $25.00 and gave the stock a "buy" rating in a research report on Wednesday, July 9th. JPMorgan Chase & Co. raised their price objective on Penguin Solutions from $21.00 to $24.00 and gave the stock a "neutral" rating in a research report on Thursday. Rosenblatt Securities reaffirmed a "buy" rating and set a $27.00 target price on shares of Penguin Solutions in a research report on Thursday, July 3rd. Finally, Wall Street Zen lowered Penguin Solutions from a "strong-buy" rating to a "buy" rating in a research note on Saturday, July 12th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $26.75.Check Out Our Latest Stock Analysis on Penguin SolutionsPenguin Solutions Stock PerformanceShares of Penguin Solutions stock opened at $24.43 on Monday. The company has a quick ratio of 2.24, a current ratio of 2.62 and a debt-to-equity ratio of 1.08. Penguin Solutions, Inc. has a 52 week low of $14.20 and a 52 week high of $25.94. The firm's 50 day moving average is $20.21 and its two-hundred day moving average is $19.22. The firm has a market capitalization of $1.28 billion, a P/E ratio of -87.25 and a beta of 1.98. Penguin Solutions (NASDAQ:PENG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 8th. The company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.17. Penguin Solutions had a negative net margin of 0.68% and a positive return on equity of 13.27%. The firm had revenue of $324,251 billion during the quarter, compared to analysts' expectations of $330.82 million. Research analysts forecast that Penguin Solutions, Inc. will post 1.05 EPS for the current fiscal year. Insider Buying and Selling at Penguin SolutionsIn related news, Director Penny Herscher sold 2,046 shares of the stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $25.42, for a total transaction of $52,009.32. Following the completion of the sale, the director owned 18,222 shares of the company's stock, valued at approximately $463,203.24. This represents a 10.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by company 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.Featured ArticlesFive stocks we like better than Penguin SolutionsHow to Capture the Benefits of Dividend Increases3 Streaming Stocks to Watch as Subscribers Drive GrowthHealth Care Stocks Explained: Why You Might Want to InvestAmerica Wants Drone Dominance: Are These Stocks Ready to Soar?Transportation Stocks Investing3 Retailers Poised to Outmaneuver Tariff and Recession ConcernsWant to see what other hedge funds are holding PENG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Penguin Solutions, Inc. (NASDAQ:PENG - Free Report).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Penguin Solutions Right Now?Before you consider Penguin Solutions, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Penguin Solutions wasn't on the list.While Penguin Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here