Invesco Ltd. Sells 5,327 Shares of SolarWinds Co. (NYSE:SWI)

Invesco Ltd. trimmed its position in shares of SolarWinds Co. (NYSE:SWI) by 2.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 266,464 shares of the software maker’s stock after selling 5,327 shares during the period. Invesco Ltd. owned 0.16% of SolarWinds worth $3,797,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Barclays PLC grew its stake in shares of SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after acquiring an additional 59,532 shares during the period. Fisher Asset Management LLC purchased a new position in shares of SolarWinds in the fourth quarter worth about $13,886,000. Pacer Advisors Inc. raised its position in shares of SolarWinds by 18.5% in the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock valued at $235,000 after purchasing an additional 2,574 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of SolarWinds by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker’s stock valued at $6,715,000 after buying an additional 16,742 shares in the last quarter. Finally, ExodusPoint Capital Management LP bought a new position in SolarWinds in the 4th quarter worth approximately $298,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Scotiabank increased their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Royal Bank of Canada lifted their target price on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Truist Financial restated a “hold” rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Finally, 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. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Price Performance

SWI stock opened at $18.49 on Monday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The stock has a market cap of $3.20 billion, a price-to-earnings ratio of 29.35 and a beta of 0.88. 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 company’s 50 day moving average is $18.40 and its 200 day moving average is $15.68.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, beating 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%. Sell-side analysts predict that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

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.