Brandes Investment Partners LP Grows Position in SolarWinds Co. (NYSE:SWI)

Brandes Investment Partners LP grew its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,329 shares of the software maker's stock after purchasing an additional 50,744 shares during the quarter. Brandes Investment Partners LP owned approximately 0.28% of SolarWinds worth $6,916,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of SolarWinds during the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC boosted its position in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock valued at $76,000 after acquiring an additional 2,279 shares during the last quarter. West Tower Group LLC boosted its position in shares of SolarWinds by 38.3% during the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker's stock valued at $94,000 after acquiring an additional 2,000 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of SolarWinds during the 3rd quarter valued at about $138,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of SolarWinds during the 4th quarter valued at about $160,000. Institutional investors and hedge funds own 93.96% of the company's stock.

SolarWinds Trading Down 0.0 %

NYSE:SWI traded down $0.01 on Thursday, reaching $18.40. 844,854 shares of the company's stock were exchanged, compared to its average volume of 689,204. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 29.20 and a beta of 0.93. The business has a fifty day moving average of $16.71 and a 200-day moving average of $14.51. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55.

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SolarWinds (NYSE:SWI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. As a group, analysts expect that SolarWinds Co. will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Robert W. Baird upped their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research report on Monday, February 10th. Truist Financial reaffirmed a "hold" rating and issued a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Scotiabank upped their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Finally, Wedbush cut shares of SolarWinds from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.00.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.