New York State Teachers Retirement System Acquires Shares of 4,581 SolarWinds Co. (NYSE:SWI)

New York State Teachers Retirement System acquired a new stake in SolarWinds Co. (NYSE:SWI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,581 shares of the software maker’s stock, valued at approximately $57,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SWI. Wellington Management Group LLP increased its holdings in shares of SolarWinds by 98.3% in the first quarter. Wellington Management Group LLP now owns 1,244,390 shares of the software maker’s stock valued at $10,702,000 after purchasing an additional 616,939 shares during the last quarter. Voss Capital LLC grew its stake in shares of SolarWinds by 111.5% in the third quarter. Voss Capital LLC now owns 1,168,839 shares of the software maker’s stock valued at $11,034,000 after acquiring an additional 616,274 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of SolarWinds by 113.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,088,937 shares of the software maker’s stock valued at $14,494,000 after acquiring an additional 577,938 shares in the last quarter. BlackRock Inc. grew its stake in shares of SolarWinds by 31.0% in the first quarter. BlackRock Inc. now owns 2,243,244 shares of the software maker’s stock valued at $29,857,000 after acquiring an additional 531,131 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of SolarWinds by 23.0% in the fourth quarter. Legal & General Group Plc now owns 2,519,163 shares of the software maker’s stock valued at $23,257,000 after acquiring an additional 470,462 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. assumed coverage on shares of SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price target on the stock. Finally, Truist Financial assumed coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target on the stock. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has an average rating of “Hold” and an average target price of $13.50.

SolarWinds Trading Up 0.1 %

SWI opened at $10.90 on Friday. SolarWinds Co. has a twelve month low of $8.06 and a twelve month high of $13.43. The company has a 50-day simple moving average of $11.99 and a 200 day simple moving average of $11.48. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of -217.90 and a beta of 0.97.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. The firm had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $190.54 million. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. Analysts predict that SolarWinds Co. will post 0.62 EPS for the current fiscal year.

SolarWinds Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were issued a $1.00 dividend. The ex-dividend date was Tuesday, April 2nd.

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.