Thrivent Financial for Lutherans reduced its position in SolarWinds Co. (NYSE:SWI - Free Report) by 18.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,898 shares of the software maker's stock after selling 29,533 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of SolarWinds worth $1,879,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in SWI. Brandes Investment Partners LP boosted its position in shares of SolarWinds by 11.7% during the 4th 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 in the last quarter. Great Lakes Advisors LLC bought a new stake in SolarWinds during the fourth quarter worth $5,147,000. Proficio Capital Partners LLC acquired a new stake in shares of SolarWinds in the 4th quarter valued at $160,000. Atria Investments Inc lifted 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 buying an additional 3,837 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in SolarWinds by 2.7% in the fourth quarter. Victory Capital Management Inc. now owns 108,747 shares of the software maker's stock valued at $1,550,000 after acquiring an additional 2,816 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on SWI. Royal Bank of Canada lifted 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. Scotiabank boosted their target price 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. Wedbush cut SolarWinds from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Robert W. Baird boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Finally, Truist Financial reaffirmed a "hold" rating and issued a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $18.00.
Check Out Our Latest Stock Analysis on SWI
SolarWinds Trading Up 0.1 %
Shares of NYSE:SWI traded up $0.02 during mid-day trading on Wednesday, reaching $18.46. 1,546,613 shares of the company's stock were exchanged, compared to its average volume of 750,662. 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 twelve month low of $10.14 and a twelve month high of $18.55. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.30 and a beta of 0.93. The business's fifty day moving average price is $17.58 and its 200-day moving average price is $14.94.
SolarWinds (NYSE:SWI - Get Free Report) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 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%. On average, research analysts predict that SolarWinds Co. will post 0.75 EPS for the current fiscal year.
SolarWinds Profile
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Free Report)
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.
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