SolarWinds Co. (NYSE:SWI) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its stake in SolarWinds Co. (NYSE:SWI) by 13.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 90,054 shares of the software maker’s stock after acquiring an additional 10,905 shares during the quarter. American Century Companies Inc. owned 0.05% of SolarWinds worth $1,283,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SWI. R Squared Ltd purchased a new position in SolarWinds during the fourth quarter valued at $38,000. Steward Partners Investment Advisory LLC lifted its stake in SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after buying an additional 2,279 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in SolarWinds in the 3rd quarter worth about $138,000. Proficio Capital Partners LLC purchased a new stake in SolarWinds during the 4th quarter worth approximately $160,000. Finally, Verition Fund Management LLC purchased a new stake in SolarWinds during the 3rd quarter worth approximately $171,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Price Performance

SolarWinds stock opened at $18.50 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The stock has a market cap of $3.20 billion, a P/E ratio of 29.36 and a beta of 0.88. The company has a 50-day moving average price of $18.16 and a 200 day moving average price of $15.23. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $18.55.

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

Analyst Upgrades and Downgrades

SWI has been the subject of several research reports. Truist Financial reiterated a “hold” rating and set a $18.50 price target (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Robert W. Baird upped their target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday, February 10th. Royal Bank of Canada raised their price target on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Scotiabank increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a report on Monday, February 10th. Finally, Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds presently has an average rating of “Hold” and a consensus target price of $18.00.

SolarWinds 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.