Vanguard Group Inc. Has $97.83 Million Stock Position in SolarWinds Co. (NYSE:SWI)

Vanguard Group Inc. increased its stake in SolarWinds Co. (NYSE:SWI - Free Report) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,865,366 shares of the software maker's stock after purchasing an additional 192,198 shares during the quarter. Vanguard Group Inc. owned about 4.02% of SolarWinds worth $97,831,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in SolarWinds by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,454 shares of the software maker's stock worth $5,931,000 after purchasing an additional 30,707 shares in the last quarter. FMR LLC lifted its holdings in SolarWinds by 28.6% in the 3rd quarter. FMR LLC now owns 106,286 shares of the software maker's stock valued at $1,387,000 after acquiring an additional 23,623 shares during the last quarter. Walleye Capital LLC acquired a new position in shares of SolarWinds in the 3rd quarter worth approximately $222,000. Verition Fund Management LLC acquired a new stake in SolarWinds during the third quarter valued at approximately $171,000. Finally, Quantinno Capital Management LP grew its position in SolarWinds by 2.5% in the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker's stock worth $629,000 after buying an additional 1,184 shares during the last quarter. Institutional investors own 93.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWI shares. Royal Bank of Canada increased 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. Scotiabank upped their target price on SolarWinds from $15.00 to $18.50 and gave the stock a "sector perform" rating in a research report on Monday, February 10th. Robert W. Baird upped their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a report on Monday, February 10th. Truist Financial reiterated a "hold" rating and set a $18.50 price target (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Finally, Wedbush cut shares of SolarWinds from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $20.00 to $18.50 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds presently has a consensus rating of "Hold" and an average price target of $18.00.

SolarWinds Price Performance

Shares of SolarWinds stock traded up $0.01 during trading on Tuesday, hitting $18.50. 188,800 shares of the company's stock traded hands, compared to its average volume of 1,479,930. The company has a market cap of $3.20 billion, a PE ratio of 29.36 and a beta of 0.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55. The firm's fifty day moving average price is $18.30 and its 200 day moving average price is $15.33.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating 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%. Analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

About SolarWinds

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.