Charles Schwab Investment Management Inc. Has $6.72 Million Holdings in SolarWinds Co. (NYSE:SWI)

Charles Schwab Investment Management Inc. increased its holdings in SolarWinds Co. (NYSE:SWI - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 471,196 shares of the software maker's stock after acquiring an additional 16,742 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.28% of SolarWinds worth $6,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of SolarWinds by 57.5% during the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock worth $28,619,000 after purchasing an additional 800,467 shares during the last quarter. Geode Capital Management LLC lifted its holdings in SolarWinds by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker's stock worth $16,839,000 after buying an additional 16,730 shares during the last quarter. Fisher Asset Management LLC bought a new position in SolarWinds during the 4th quarter worth approximately $13,886,000. Venturi Wealth Management LLC acquired a new position in shares of SolarWinds in the 4th quarter worth approximately $7,446,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of SolarWinds by 2.2% in the 4th quarter. Bank of New York Mellon Corp now owns 429,747 shares of the software maker's stock valued at $6,124,000 after acquiring an additional 9,409 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company's stock.

SolarWinds Stock Performance

Shares of NYSE:SWI traded down $0.03 during trading hours on Friday, hitting $18.44. The stock had a trading volume of 1,893,416 shares, compared to its average volume of 745,976. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The stock's fifty day simple moving average is $17.25 and its 200 day simple moving average is $14.75. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93.

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 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%. Sell-side analysts anticipate that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Truist Financial reaffirmed a "hold" rating and issued a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Robert W. Baird boosted their price objective 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. Wedbush downgraded 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 note on Friday, February 7th. Royal Bank of Canada increased their price target on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Finally, Scotiabank boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds presently has a consensus rating of "Hold" and an average price target of $18.00.

About SolarWinds

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.