LGT Capital Partners LTD. Takes Position in SolarWinds Corp (SWI)

LGT Capital Partners LTD. bought a new stake in shares of SolarWinds Corp (NYSE:SWI) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 120,000 shares of the software maker’s stock, valued at approximately $1,660,000.

Separately, State of Alaska Department of Revenue purchased a new position in shares of SolarWinds during the 4th quarter valued at approximately $41,000.

A number of brokerages have recently issued reports on SWI. JPMorgan Chase & Co. began coverage on SolarWinds in a research report on Tuesday, November 13th. They set an “overweight” rating and a $20.00 target price on the stock. Citigroup began coverage on SolarWinds in a research report on Tuesday, November 13th. They set a “buy” rating and a $20.00 target price on the stock. JMP Securities began coverage on SolarWinds in a research note on Tuesday, November 13th. They issued an “outperform” rating and a $19.00 price objective for the company. Goldman Sachs Group began coverage on SolarWinds in a research note on Tuesday, November 13th. They issued a “buy” rating and a $23.00 price objective for the company. Finally, KeyCorp began coverage on SolarWinds in a research note on Tuesday, November 13th. They issued a “sector weight” rating for the company. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. SolarWinds has an average rating of “Buy” and an average target price of $19.07.



Shares of SWI traded down $0.18 during midday trading on Monday, reaching $15.58. The company had a trading volume of 352 shares, compared to its average volume of 439,712. SolarWinds Corp has a 1-year low of $12.25 and a 1-year high of $19.04. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 0.97.

SolarWinds (NYSE:SWI) last issued its earnings results on Tuesday, November 13th. The software maker reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $213.28 million during the quarter. As a group, research analysts predict that SolarWinds Corp will post 0.58 EPS for the current fiscal year.

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SolarWinds Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products that are designed to solve the day-to-day problems encountered by technology professionals managing complex IT infrastructure covering on-premise, cloud, and hybrid IT environments.

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