Segall Bryant & Hamill LLC Sells 36,478 Shares of SolarWinds Co. (NYSE:SWI)

Segall Bryant & Hamill LLC lowered its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 9.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,916 shares of the software maker's stock after selling 36,478 shares during the period. Segall Bryant & Hamill LLC owned about 0.19% of SolarWinds worth $4,730,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SWI. R Squared Ltd bought a new stake in SolarWinds in the fourth quarter worth approximately $38,000. Steward Partners Investment Advisory LLC lifted its stake in shares of 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 purchasing an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in SolarWinds in the fourth quarter worth $124,000. Quadrature Capital Ltd acquired a new position in SolarWinds during the third quarter worth $138,000. Finally, Proficio Capital Partners LLC bought a new position in SolarWinds during the fourth quarter valued at about $160,000. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

SolarWinds Stock Performance

Shares of SWI traded up $0.02 during mid-day trading on Tuesday, hitting $18.45. The company's stock had a trading volume of 668,169 shares, compared to its average volume of 748,605. The stock's 50-day moving average is $17.51 and its two-hundred day moving average is $14.91. The firm has a market capitalization of $3.19 billion, a PE ratio of 29.28 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55.

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SolarWinds (NYSE:SWI - Get Free Report) last issued 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 net margin of 14.04% and a return on equity of 12.19%. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.