SolarWinds Co. (NYSE:SWI) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in SolarWinds Co. (NYSE:SWI - Free Report) by 79.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 359,266 shares of the software maker's stock after purchasing an additional 158,902 shares during the period. JPMorgan Chase & Co. owned about 0.21% of SolarWinds worth $5,120,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. WINTON GROUP Ltd acquired a new stake in SolarWinds in the 4th quarter valued at $150,000. Vanguard Group Inc. increased its stake in SolarWinds by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker's stock valued at $97,831,000 after buying an additional 192,198 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SolarWinds in the 4th quarter valued at $124,000. Sei Investments Co. increased its stake in SolarWinds by 88.8% in the 4th quarter. Sei Investments Co. now owns 106,803 shares of the software maker's stock valued at $1,522,000 after buying an additional 50,246 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of SolarWinds by 13.8% during the 4th quarter. American Century Companies Inc. now owns 90,054 shares of the software maker's stock worth $1,283,000 after purchasing an additional 10,905 shares during the last quarter. Institutional investors own 93.96% of the company's stock.

SolarWinds Price Performance

Shares of NYSE:SWI remained flat at $18.49 during midday trading on Thursday. The firm's 50 day moving average is $18.39 and its 200 day moving average is $15.57. The firm has a market cap of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55.

SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating 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%. Equities analysts expect that SolarWinds Co. will post 0.75 EPS for the current year.

Analyst Upgrades and Downgrades

SWI has been the subject of a number of research reports. Royal Bank of Canada raised their price objective on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research note on Tuesday, January 21st. Scotiabank upped their target price on SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Wedbush lowered SolarWinds from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial reaffirmed 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. Finally, Robert W. Baird upped their target price on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds has an average rating of "Hold" and a consensus price target of $18.00.

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.