JPMorgan Chase & Co. Buys 158,902 Shares of SolarWinds Co. (NYSE:SWI)

JPMorgan Chase & Co. boosted its stake in SolarWinds Co. (NYSE:SWI) by 79.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 359,266 shares of the software maker’s stock after purchasing an additional 158,902 shares during the quarter. JPMorgan Chase & Co. owned about 0.21% of SolarWinds worth $5,120,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SWI. R Squared Ltd purchased a new position in SolarWinds during the 4th quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC increased its stake in SolarWinds by 75.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after acquiring an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in SolarWinds during the fourth quarter valued at approximately $124,000. WINTON GROUP Ltd bought a new stake in shares of SolarWinds in the 4th quarter valued at approximately $150,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of SolarWinds in the 4th quarter worth approximately $160,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Price Performance

SolarWinds stock opened at $18.49 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The company’s fifty day moving average price is $18.38 and its 200 day moving average price is $15.45. The stock has a market capitalization of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $18.55.

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

Analyst Ratings Changes

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