Arrowstreet Capital Limited Partnership Has $13.01 Million Stake in SolarWinds Co. (NYSE:SWI)

Arrowstreet Capital Limited Partnership increased its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 167.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 912,946 shares of the software maker's stock after acquiring an additional 571,539 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.54% of SolarWinds worth $13,009,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of SolarWinds by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker's stock valued at $97,831,000 after purchasing an additional 192,198 shares during the period. State Street Corp increased its stake in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock valued at $28,619,000 after purchasing an additional 800,467 shares during the period. Geode Capital Management LLC increased its stake in shares of SolarWinds by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker's stock valued at $16,839,000 after purchasing an additional 16,730 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of SolarWinds in the fourth quarter valued at approximately $13,886,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of SolarWinds in the fourth quarter valued at approximately $7,446,000. Institutional investors and hedge funds own 93.96% of the company's stock.

SolarWinds Price Performance

NYSE:SWI remained flat at $18.49 during trading hours on Thursday. 186,283 shares of the company were exchanged, compared to its average volume of 831,767. The stock has a market cap of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $18.55. 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 50 day moving average price of $18.09 and a 200-day moving average price of $15.19.

SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS 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%. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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