Clark Estates Inc. NY Lowers Stock Position in SolarWinds Co. (NYSE:SWI)

Clark Estates Inc. NY trimmed its position in SolarWinds Co. (NYSE:SWI - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 236,315 shares of the software maker's stock after selling 28,635 shares during the period. SolarWinds accounts for 0.7% of Clark Estates Inc. NY's portfolio, making the stock its 28th biggest position. Clark Estates Inc. NY owned approximately 0.14% of SolarWinds worth $3,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SWI. State Street Corp grew its stake in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock worth $28,619,000 after acquiring an additional 800,467 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of SolarWinds by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker's stock worth $16,839,000 after acquiring an additional 16,730 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of SolarWinds in the fourth quarter worth $13,886,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of SolarWinds by 4.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker's stock worth $7,389,000 after acquiring an additional 25,416 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of SolarWinds in the fourth quarter worth $7,446,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SWI. Wedbush downgraded SolarWinds from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $20.00 to $18.50 in a report on Friday, February 7th. Royal Bank of Canada upped their price target on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Truist Financial reaffirmed a "hold" rating and set a $18.50 price target (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Robert W. Baird upped their price target on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Scotiabank upped their price target on SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $18.00.

SolarWinds Stock Performance

NYSE:SWI traded up $0.04 on Friday, hitting $18.33. The stock had a trading volume of 1,195,021 shares, compared to its average volume of 650,975. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 29.09 and a beta of 0.93. 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 business's 50-day simple moving average is $15.96 and its two-hundred day simple moving average is $14.15. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55.

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

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.