Charles Schwab Investment Management Inc. Purchases 18,587 Shares of SolarWinds Co. (NYSE:SWI)

Charles Schwab Investment Management Inc. raised its position in shares of SolarWinds Co. (NYSE:SWI) by 3.8% in the fourth quarter, Holdings Channel reports. The firm owned 511,253 shares of the software maker’s stock after acquiring an additional 18,587 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in SolarWinds were worth $7,644,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SWI. BlackRock Inc. boosted its stake in SolarWinds by 4.5% during the 4th quarter. BlackRock Inc. now owns 2,993,197 shares of the software maker’s stock valued at $44,748,000 after purchasing an additional 127,884 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of SolarWinds by 167.1% during the 4th quarter. Renaissance Technologies LLC now owns 854,900 shares of the software maker’s stock valued at $12,781,000 after purchasing an additional 534,800 shares during the last quarter. First Pacific Advisors LP bought a new position in shares of SolarWinds in the 4th quarter worth approximately $10,835,000. State Street Corp boosted its holdings in shares of SolarWinds by 5.2% in the third quarter. State Street Corp now owns 651,290 shares of the software maker’s stock worth $13,247,000 after buying an additional 32,017 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in SolarWinds by 10.7% during the third quarter. AQR Capital Management LLC now owns 294,770 shares of the software maker’s stock valued at $5,996,000 after buying an additional 28,530 shares during the period. 95.83% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on SWI shares. Robert W. Baird downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $15.00 in a report on Monday, December 21st. Morgan Stanley dropped their price objective on SolarWinds from $21.00 to $15.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 6th. Citigroup started coverage on SolarWinds in a research report on Wednesday, March 3rd. They set a “buy” rating and a $20.00 target price for the company. Zacks Investment Research cut SolarWinds from a “hold” rating to a “sell” rating in a research report on Thursday, March 4th. Finally, Truist upgraded SolarWinds from a “sell” rating to a “hold” rating and cut their target price for the stock from $26.00 to $14.00 in a research report on Monday, December 21st. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $18.67.

Shares of NYSE SWI opened at $17.99 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The business has a fifty day simple moving average of $16.96 and a two-hundred day simple moving average of $18.53. The firm has a market cap of $5.68 billion, a PE ratio of 149.93 and a beta of 1.07. SolarWinds Co. has a twelve month low of $13.98 and a twelve month high of $24.34.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, February 25th. The software maker reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. The business had revenue of $265.50 million during the quarter, compared to analyst estimates of $259.54 million. SolarWinds had a return on equity of 9.65% and a net margin of 3.87%. SolarWinds’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. On average, research analysts expect that SolarWinds Co. will post 0.82 earnings per share for the current year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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