Prudential Financial Inc. decreased its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 847,580 shares of the software maker's stock after selling 14,000 shares during the quarter. Prudential Financial Inc. owned about 0.50% of SolarWinds worth $12,078,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in shares of SolarWinds in the third quarter worth about $155,000. Charles Schwab Investment Management Inc. boosted its holdings in SolarWinds by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,454 shares of the software maker's stock worth $5,931,000 after acquiring an additional 30,707 shares during the period. FMR LLC grew its position in SolarWinds by 28.6% in the third quarter. FMR LLC now owns 106,286 shares of the software maker's stock valued at $1,387,000 after acquiring an additional 23,623 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in shares of SolarWinds during the third quarter valued at approximately $1,496,000. Finally, Walleye Capital LLC acquired a new position in shares of SolarWinds during the third quarter worth $222,000. 93.96% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Scotiabank lifted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Wedbush downgraded SolarWinds from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $20.00 to $18.50 in a report on Friday, February 7th. Robert W. Baird raised their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Truist Financial reiterated a "hold" rating and issued a $18.50 price target (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.00.
Read Our Latest Analysis on SWI
SolarWinds Stock Performance
Shares of SWI stock traded up $0.01 during trading hours on Wednesday, reaching $18.45. The stock had a trading volume of 125,400 shares, compared to its average volume of 1,189,321. 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 firm has a 50-day simple moving average of $17.51 and a 200-day simple moving average of $14.91. The firm has a market capitalization of $3.19 billion, a PE ratio of 29.28 and a beta of 0.93. 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 released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share 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 analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.
About SolarWinds
(
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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