Los Angeles Capital Management LLC Sells 73,179 Shares of SolarWinds Co. (NYSE:SWI)

Los Angeles Capital Management LLC trimmed its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 46.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,893 shares of the software maker's stock after selling 73,179 shares during the period. Los Angeles Capital Management LLC's holdings in SolarWinds were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of SolarWinds in the 4th quarter valued at approximately $38,000. Allworth Financial LP increased its stake in shares of SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock worth $49,000 after purchasing an additional 3,331 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. West Tower Group LLC lifted its stake in shares of SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker's stock valued at $94,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in SolarWinds in the third quarter worth $138,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SWI shares. 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. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 21st. Robert W. Baird upped their price target on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a report on Monday, February 10th. Wedbush lowered 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 research report on Friday, February 7th. Finally, Scotiabank increased their price target on shares of SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has a consensus rating of "Hold" and an average target price of $18.00.

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SolarWinds Price Performance

Shares of NYSE SWI traded up $0.03 during mid-day trading on Wednesday, hitting $18.35. 1,286,336 shares of the stock were exchanged, compared to its average volume of 645,802. The company has a market cap of $3.15 billion, a P/E ratio of 29.12 and a beta of 0.93. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55. The stock's fifty day simple moving average is $15.88 and its two-hundred day simple moving average is $14.12. 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 (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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, analysts forecast that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

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.