Rhumbline Advisers Increases Stock Holdings in SolarWinds Co. (NYSE:SWI)

Rhumbline Advisers lifted its stake in shares of SolarWinds Co. (NYSE:SWI) by 4.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 166,644 shares of the software maker’s stock after buying an additional 6,862 shares during the quarter. Rhumbline Advisers owned 0.10% of SolarWinds worth $2,375,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Meritage Portfolio Management grew its position in shares of SolarWinds by 245.0% in the 4th quarter. Meritage Portfolio Management now owns 96,154 shares of the software maker’s stock worth $1,370,000 after acquiring an additional 68,281 shares in the last quarter. R Squared Ltd bought a new stake in SolarWinds during the 4th quarter valued at $38,000. Pacer Advisors Inc. raised its stake 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 buying an additional 2,574 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of SolarWinds in the 3rd quarter worth $3,673,000. Finally, Franklin Resources Inc. raised its stake in shares of SolarWinds by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock worth $386,000 after buying an additional 1,760 shares in the last quarter. 93.96% of the stock is currently owned by hedge funds and other institutional investors.

SolarWinds Stock Up 0.1 %

NYSE SWI opened at $18.30 on Monday. The firm has a market cap of $3.14 billion, a PE ratio of 29.04 and a beta of 0.94. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55. The stock’s 50 day simple moving average is $15.64 and its 200 day simple moving average is $14.01. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. As a group, sell-side analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

SWI has been the topic of a number of recent research reports. Robert W. Baird lifted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday, February 10th. Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. Royal Bank of Canada boosted their price target on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Finally, Truist Financial restated a “hold” rating and set a $18.50 price target (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds has a consensus rating of “Hold” and a consensus price target of $18.00.

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.