Harber Asset Management LLC Sells 273,824 Shares of SolarWinds Co. (NYSE:SWI)

Harber Asset Management LLC cut its position in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 36.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 472,991 shares of the software maker's stock after selling 273,824 shares during the quarter. SolarWinds accounts for 2.0% of Harber Asset Management LLC's portfolio, making the stock its 24th largest position. Harber Asset Management LLC owned about 0.28% of SolarWinds worth $6,745,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SWI. Sterling Capital Management LLC grew its stake in SolarWinds by 808.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock valued at $25,000 after acquiring an additional 1,552 shares in the last quarter. R Squared Ltd purchased a new position in SolarWinds during the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC increased its stake in 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 buying an additional 2,279 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in SolarWinds in the 4th quarter worth approximately $124,000. Finally, WINTON GROUP Ltd acquired a new stake in shares of SolarWinds during the 4th quarter valued at $150,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on SWI. Wedbush downgraded SolarWinds from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial reissued a "hold" rating and issued a $18.50 target price (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. 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 report on Tuesday, January 21st. Robert W. Baird upped their target price on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Scotiabank boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $18.00.

SolarWinds Price Performance

Shares of NYSE:SWI remained flat at $18.49 during trading on Friday. The company has a 50-day simple moving average of $18.38 and a 200-day simple moving average of $15.45. 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 market cap of $3.20 billion, a PE ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $18.55.

SolarWinds (NYSE:SWI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. Analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

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.