Sei Investments Co. Grows Stock Position in SolarWinds Co. (NYSE:SWI)

Sei Investments Co. increased its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 88.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,803 shares of the software maker's stock after acquiring an additional 50,246 shares during the quarter. Sei Investments Co. owned about 0.06% of SolarWinds worth $1,522,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. American Century Companies Inc. boosted its holdings in SolarWinds by 13.8% in the 4th quarter. American Century Companies Inc. now owns 90,054 shares of the software maker's stock valued at $1,283,000 after purchasing an additional 10,905 shares during the last quarter. Brandes Investment Partners LP increased its stake in SolarWinds by 11.7% during the fourth quarter. Brandes Investment Partners LP now owns 485,329 shares of the software maker's stock worth $6,916,000 after acquiring an additional 50,744 shares during the last quarter. Great Lakes Advisors LLC purchased a new stake in SolarWinds in the fourth quarter valued at $5,147,000. Proficio Capital Partners LLC acquired a new position in shares of SolarWinds in the 4th quarter valued at $160,000. Finally, Atria Investments Inc increased its position in shares of SolarWinds by 16.4% during the 4th quarter. Atria Investments Inc now owns 27,193 shares of the software maker's stock worth $388,000 after purchasing an additional 3,837 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company's stock.

SolarWinds Stock Down 0.0 %

SolarWinds stock traded down $0.01 during midday trading on Friday, reaching $18.49. The company's stock had a trading volume of 2,698,427 shares, compared to its average volume of 851,744. The business has a 50-day simple moving average of $18.23 and a 200-day simple moving average of $15.27. The company has a market cap of $3.20 billion, a P/E ratio of 29.34 and a beta of 0.88. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $18.55. 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 released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping 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%. On average, research analysts expect that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.