Monitor for further selling by Bank of Nova Scotia and watch for any other institutional holders reducing positions. The decrease in a passive stake from a major bank may signal a negative reassessment of the company's outlook.
Price Chart
Executive Summary
Bank of Nova Scotia filed an amended Schedule 13G disclosing a passive stake of 1,320,241 shares (2.53%) in Penguin Solutions as of September 30, 2026. This represents a decrease from the prior filing, indicating the bank is reducing its position.
Key Financial Metrics
Key Facts
- Bank of Nova Scotia reported beneficial ownership of 1,320,241 shares of Penguin Solutions common stock.
- The stake represents 2.53% of shares outstanding as of September 30, 2026.
- The filing is an amendment to Schedule 13G, indicating a passive investment.
- The prior filing (SC 13G, July 15, 2026) showed a larger stake, so this amendment reflects a decrease.
Financial Impact
Bank of Nova Scotia reduced its stake in Penguin Solutions. The exact prior stake size is not available from this filing, but the decrease signals reduced conviction.
Risk Factors
- Continued institutional selling pressure.
- Potential negative signal about Penguin Solutions' fundamentals or outlook.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G/A Filing (Primary) | 0000009631-26-000035 |
| Document: 0000009631-26-000035-index.html | 0000009631-26-000035 |
| Document: 0000009631-26-000035.txt | 0000009631-26-000035 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 144 | $54.92 | awaiting T+5 | — | $58.99 (+7.41%) |
Oct 22, 2026 5d ago | 144 | $53.41 | awaiting T+5 | — | $58.99 (+10.45%) |
Oct 19, 2026 8d ago | SC 13G/A | $56.54 $54.92 | ▲ +2.87% | ▲ +2.72% | $58.99 (−4.33%) |
Oct 8, 2026 19d ago | 3 | $76.28 $57.10 | ▼ −25.14% | ▼ −23.18% | $58.99 (−22.67%) |
Oct 6, 2026 21d ago | 8-K | $72.61 $67.59 | ▼ −6.91% | ▼ −5.93% | $58.99 (−18.76%) |
Oct 6, 2026 21d ago | 8-K | $72.61 $67.59 | ▼ −6.91% | ▼ −5.93% | $58.99 (−18.76%) |
Jul 27, 2026 13w ago | Insider Cluster | $48.13 $52.60 | ▲ +9.29% | ▲ +7.02% | $58.99 (+22.56%) |
Jul 17, 2026 14w ago | 8-K | $53.23 $53.85 | ▲ +1.16% | ▲ +1.59% | $58.99 (+10.82%) |
Jun 11, 2026 19w ago | Institutional Cluster | $64.33 $59.68 | ▼ −7.23% | ▼ −7.66% | $58.99 (−8.30%) |
Jun 2, 2026 21w ago | Insider Cluster | $71.41 $58.52 | ▼ −18.05% | ▼ −14.23% | $58.99 (−17.39%) |
US Market Status
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