ExodusPoint Capital Management LP Buys Shares of 20,910 SolarWinds Co. (NYSE:SWI)

ExodusPoint Capital Management LP bought a new stake in SolarWinds Co. (NYSE:SWI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 20,910 shares of the software maker's stock, valued at approximately $298,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of SolarWinds by 170.1% in the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker's stock valued at $1,233,000 after acquiring an additional 59,532 shares in the last quarter. Fisher Asset Management LLC acquired a new position in SolarWinds during the fourth quarter valued at approximately $13,886,000. Pacer Advisors Inc. grew its stake in SolarWinds by 18.5% in the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker's stock valued at $235,000 after purchasing an additional 2,574 shares in the last quarter. State Street Corp increased its position in shares of SolarWinds by 57.5% during the 3rd 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. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of SolarWinds by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker's stock worth $6,715,000 after purchasing an additional 16,742 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

SolarWinds Stock Performance

NYSE SWI remained flat at $18.49 on Friday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market capitalization of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. The stock has a fifty day simple moving average of $18.38 and a 200-day simple moving average of $15.45.

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

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.