SolarWinds Co. (NYSE:SWI) Holdings Cut by Wellington Management Group LLP

Wellington Management Group LLP reduced its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 31.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,109,577 shares of the software maker's stock after selling 509,241 shares during the quarter. Wellington Management Group LLP owned about 0.67% of SolarWinds worth $13,859,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of SolarWinds by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 5,991,404 shares of the software maker's stock worth $56,559,000 after purchasing an additional 56,364 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of SolarWinds by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker's stock valued at $59,589,000 after buying an additional 508,280 shares during the period. Voss Capital LLC grew its stake in shares of SolarWinds by 145.6% during the fourth quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker's stock valued at $35,853,000 after buying an additional 1,701,736 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of SolarWinds in the fourth quarter worth approximately $5,420,000. Finally, Scalar Gauge Management LLC bought a new stake in shares of SolarWinds during the 4th quarter worth approximately $4,918,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Truist Financial assumed coverage on SolarWinds in a research note on Wednesday, March 6th. They issued a "hold" rating and a $13.00 target price on the stock. Robert W. Baird lifted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Monday, May 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds has an average rating of "Hold" and a consensus price target of $13.80.

SolarWinds Stock Up 0.8 %

Shares of SWI traded up $0.10 during midday trading on Thursday, reaching $11.85. 389,973 shares of the stock were exchanged, compared to its average volume of 452,815. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The company's 50 day moving average is $11.64 and its two-hundred day moving average is $11.89. The company has a market capitalization of $1.99 billion, a P/E ratio of 169.21 and a beta of 0.96. SolarWinds Co. has a 52 week low of $8.83 and a 52 week high of $13.43.

SolarWinds (NYSE:SWI - Get Free Report) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. The company had revenue of $193.31 million for the quarter, compared to analysts' expectations of $189.74 million. On average, sell-side analysts anticipate that SolarWinds Co. will post 0.69 earnings per share for the current 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.