Voss Capital LP Increases Position in SolarWinds Co. (NYSE:SWI)

Voss Capital LP lifted its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,492,541 shares of the software maker's stock after purchasing an additional 142,541 shares during the quarter. SolarWinds accounts for 4.8% of Voss Capital LP's holdings, making the stock its 11th largest position. Voss Capital LP owned 2.63% of SolarWinds worth $64,019,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sterling Capital Management LLC raised its holdings in shares of SolarWinds by 808.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock worth $25,000 after purchasing an additional 1,552 shares during the period. R Squared Ltd purchased a new stake in shares of SolarWinds during the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC increased its stake in shares of SolarWinds by 75.5% during the fourth 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 position in SolarWinds during the fourth quarter valued at $124,000. Finally, WINTON GROUP Ltd bought a new position in SolarWinds in the 4th quarter worth about $150,000. Institutional investors and hedge funds own 93.96% of the company's stock.

SolarWinds Stock Performance

Shares of NYSE:SWI remained flat at $18.49 during midday trading on Friday. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55. The company has a market cap of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The business has a 50-day moving average price of $18.39 and a two-hundred day moving average price of $15.61.

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

Analyst Ratings Changes

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