SolarWinds Co. (NYSE:SWI) Stock Holdings Increased by Wellington Management Group LLP

Wellington Management Group LLP boosted its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 93.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,174,522 shares of the software maker's stock after purchasing an additional 1,049,310 shares during the quarter. Wellington Management Group LLP owned approximately 1.27% of SolarWinds worth $30,987,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in shares of SolarWinds by 2.5% during 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 in the last quarter. Franklin Resources Inc. grew its holdings in SolarWinds by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock worth $386,000 after acquiring an additional 1,760 shares in the last quarter. Steward Partners Investment Advisory LLC grew its holdings in SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock worth $76,000 after acquiring an additional 2,279 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of SolarWinds by 18.5% in the 4th quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker's stock worth $235,000 after purchasing an additional 2,574 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in shares of SolarWinds in the 4th quarter valued at about $38,000. 93.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on SWI shares. Royal Bank of Canada boosted their price objective on SolarWinds from $13.00 to $16.00 and gave the company a "sector perform" rating in a report on Tuesday, January 21st. Wedbush lowered 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 report on Friday, February 7th. Truist Financial restated a "hold" rating and set a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Scotiabank boosted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research note on Monday, February 10th. Finally, Robert W. Baird raised their price target on shares of SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $18.00.

SolarWinds Stock Performance

NYSE:SWI traded down $0.01 during midday trading on Friday, reaching $18.49. 2,698,427 shares of the company traded hands, compared to its average volume of 851,744. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55. 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 company has a fifty day moving average price of $18.23 and a 200 day moving average price of $15.27. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.34 and a beta of 0.88.

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, topping 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%. On average, analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal 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.