Gamco Investors INC. ET AL Buys 31,439 Shares of SolarWinds Co. (NYSE:SWI)

Gamco Investors INC. ET AL boosted its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,964 shares of the software maker's stock after purchasing an additional 31,439 shares during the period. Gamco Investors INC. ET AL owned about 0.07% of SolarWinds worth $1,624,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SWI. Sterling Capital Management LLC grew its holdings in shares of SolarWinds by 808.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock worth $25,000 after purchasing an additional 1,552 shares during the last quarter. R Squared Ltd bought a new stake in shares of SolarWinds during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC boosted its holdings in SolarWinds by 75.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock valued at $76,000 after acquiring an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in SolarWinds in the fourth quarter valued at about $124,000. Finally, WINTON GROUP Ltd bought a new position in SolarWinds in the fourth quarter valued at about $150,000. 93.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised 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. 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. Truist Financial reissued a "hold" rating and issued a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Robert W. Baird increased their target price on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Wedbush lowered SolarWinds from an "outperform" rating to a "neutral" rating and cut their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $18.00.

SolarWinds Price Performance

Shares of NYSE SWI remained flat at $18.49 during mid-day trading on Thursday. The company has a market capitalization of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. 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 50-day simple moving average of $18.39 and a two-hundred day simple moving average of $15.57. 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, beating analysts' consensus estimates 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, equities research analysts expect that SolarWinds Co. will post 0.75 EPS 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.