Martingale Asset Management L P Reduces Stake in SolarWinds Co. (NYSE:SWI)

Martingale Asset Management L P decreased its position in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 26.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 90,620 shares of the software maker's stock after selling 33,356 shares during the period. Martingale Asset Management L P owned approximately 0.05% of SolarWinds worth $1,291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. Quantinno Capital Management LP lifted its stake in SolarWinds by 2.5% in the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker's stock worth $629,000 after purchasing an additional 1,184 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of SolarWinds by 6.2% during the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock valued at $386,000 after purchasing an additional 1,760 shares during the period. Envestnet Asset Management Inc. grew its holdings 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 purchasing an additional 2,061 shares during the last quarter. Steward Partners Investment Advisory LLC increased its stake in SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock worth $76,000 after buying an additional 2,279 shares during the period. Finally, Pacer Advisors Inc. boosted its position in SolarWinds by 18.5% in the 4th quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker's stock valued at $235,000 after buying an additional 2,574 shares during the period. Institutional investors own 93.96% of the company's stock.

Wall Street Analysts Forecast Growth

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

SolarWinds Stock Performance

Shares of SolarWinds stock remained flat at $18.49 during trading on Thursday. The business has a 50-day simple moving average of $18.37 and a two-hundred day simple moving average of $15.38. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55. The firm has a market capitalization of $3.20 billion, a PE ratio of 29.35 and a beta of 0.88. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.85.

SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. On average, sell-side analysts predict that SolarWinds Co. will post 0.75 EPS for the current fiscal 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.