SolarWinds Co. (NYSE:SWI) Shares Acquired by Charles Schwab Investment Management Inc.

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

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. raised its stake in shares of SolarWinds by 13.6% in the 3rd quarter. Victory Capital Management Inc. now owns 105,931 shares of the software maker's stock valued at $1,382,000 after acquiring an additional 12,652 shares during the period. Thrivent Financial for Lutherans raised its position in SolarWinds by 37.8% in the third quarter. Thrivent Financial for Lutherans now owns 161,431 shares of the software maker's stock valued at $2,107,000 after purchasing an additional 44,268 shares during the period. Intech Investment Management LLC purchased a new position in SolarWinds in the third quarter valued at about $155,000. West Tower Group LLC lifted its stake in shares of SolarWinds by 38.3% during the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker's stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. Finally, FMR LLC boosted its position in shares of SolarWinds by 28.6% in the third quarter. FMR LLC now owns 106,286 shares of the software maker's stock worth $1,387,000 after buying an additional 23,623 shares during the period. 93.96% of the stock is owned by institutional investors and hedge funds.

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SolarWinds Price Performance

SWI remained flat at $18.40 during trading on Tuesday. 971,469 shares of the company traded hands, compared to its average volume of 700,107. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $18.55. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.19 billion, a P/E ratio of 29.21 and a beta of 0.93. The stock has a fifty day moving average of $16.98 and a 200-day moving average of $14.65.

SolarWinds (NYSE:SWI - Get Free Report) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Robert W. Baird boosted their price target on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Truist Financial reissued a "hold" rating and set a $18.50 target price (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Scotiabank boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a report on Monday, February 10th. Finally, Wedbush cut shares of SolarWinds from an "outperform" rating to a "neutral" rating and decreased their price objective 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, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $18.00.

SolarWinds 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.