SolarWinds Co. (NYSE:SWI) Stock Holdings Lessened by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its position in SolarWinds Co. (NYSE:SWI) by 2.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,157 shares of the software maker’s stock after selling 1,178 shares during the period. New York Life Investment Management LLC’s holdings in SolarWinds were worth $502,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in SolarWinds by 9.7% during the third quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock valued at $197,000 after acquiring an additional 1,842 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of SolarWinds by 51.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,290 shares of the software maker’s stock valued at $104,000 after purchasing an additional 2,829 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of SolarWinds in the 4th quarter valued at $57,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in SolarWinds by 26.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,127 shares of the software maker’s stock worth $314,000 after purchasing an additional 5,193 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SolarWinds by 185.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock valued at $84,000 after purchasing an additional 5,793 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

SWI has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their target price on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Robert W. Baird increased their target price on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday. Truist Financial began coverage on shares of SolarWinds in a research report on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on SolarWinds in a report on Thursday, February 1st. They set a “neutral” rating and a $14.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.80.

SolarWinds Stock Up 0.5 %

SolarWinds stock opened at $11.73 on Friday. The stock has a market cap of $1.97 billion, a P/E ratio of 167.57 and a beta of 0.97. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. SolarWinds Co. has a twelve month low of $8.50 and a twelve month high of $13.43. The company’s 50-day moving average price is $11.72 and its two-hundred day moving average price is $11.67.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. The business had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $190.54 million. As a group, analysts expect that SolarWinds Co. will post 0.62 EPS for the current year.

SolarWinds Announces Dividend

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

About SolarWinds

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.