New Age Alpha Advisors LLC acquired a new position in shares of SolarWinds Co. (NYSE:SWI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 84,378 shares of the software maker's stock, valued at approximately $1,202,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SWI. R Squared Ltd acquired a new stake in shares of SolarWinds during the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC increased its holdings 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 valued at $76,000 after buying an additional 2,279 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of SolarWinds in the 4th quarter valued at approximately $124,000. WINTON GROUP Ltd bought a new stake in shares of SolarWinds during the 4th quarter worth approximately $150,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of SolarWinds during the 3rd quarter worth approximately $138,000. 93.96% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SWI shares. Scotiabank boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Robert W. Baird upped their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Truist Financial reaffirmed a "hold" rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Wedbush downgraded 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 research note on Friday, February 7th. Finally, Royal Bank of Canada lifted their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $18.00.
View Our Latest Research Report on SolarWinds
SolarWinds Price Performance
SWI stock traded down $0.04 during midday trading on Friday, reaching $18.38. 4,145,325 shares of the stock were exchanged, compared to its average volume of 778,617. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $18.55. The company has a fifty day moving average price of $17.74 and a 200 day moving average price of $15.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. The stock has a market capitalization of $3.18 billion, a PE ratio of 29.17 and a beta of 0.88.
SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share 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, analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.
SolarWinds Company Profile
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Free Report)
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.
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