Federated Hermes Inc. Has $864,000 Stake in SolarWinds Co. (NYSE:SWI)

Federated Hermes Inc. reduced its position in SolarWinds Co. (NYSE:SWI - Free Report) by 89.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,625 shares of the software maker's stock after selling 491,428 shares during the period. Federated Hermes Inc.'s holdings in SolarWinds were worth $864,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of SolarWinds by 17.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,718 shares of the software maker's stock worth $195,000 after buying an additional 2,061 shares during the period. Wells Fargo & Company MN boosted its holdings in SolarWinds by 10.5% in the 4th quarter. Wells Fargo & Company MN now owns 40,755 shares of the software maker's stock worth $581,000 after acquiring an additional 3,859 shares during the period. ExodusPoint Capital Management LP acquired a new stake in SolarWinds in the fourth quarter valued at approximately $298,000. Villanova Investment Management Co LLC increased its stake in SolarWinds by 10.8% during the 4th quarter. Villanova Investment Management Co LLC now owns 165,899 shares of the software maker's stock worth $2,364,000 after buying an additional 16,190 shares during the period. Finally, Scalar Gauge Management LLC boosted its holdings in SolarWinds by 15.6% in the fourth quarter. Scalar Gauge Management LLC now owns 554,918 shares of the software maker's stock valued at $7,908,000 after purchasing an additional 75,000 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWI has been the subject of several research reports. Royal Bank of Canada lifted their target price on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Scotiabank raised their price target on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research 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. Truist Financial restated a "hold" rating and issued a $18.50 target price (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Finally, Wedbush downgraded SolarWinds from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.00.

SolarWinds Stock Performance

SolarWinds stock remained flat at $18.49 during midday trading on Friday. The business has a 50 day simple moving average of $18.38 and a 200-day simple moving average of $15.45. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $18.55. The firm has a market cap of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88.

SolarWinds (NYSE:SWI - Get Free Report) last announced its quarterly earnings data 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, sell-side analysts anticipate that SolarWinds Co. will post 0.75 earnings per share for the current fiscal 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.