Wells Fargo & Company MN Buys 3,859 Shares of SolarWinds Co. (NYSE:SWI)

Wells Fargo & Company MN boosted its stake in shares of SolarWinds Co. (NYSE:SWI) by 10.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,755 shares of the software maker’s stock after buying an additional 3,859 shares during the period. Wells Fargo & Company MN’s holdings in SolarWinds were worth $581,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SWI. Vanguard Group Inc. grew its stake in shares of SolarWinds by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker’s stock worth $97,831,000 after acquiring an additional 192,198 shares during the last quarter. Wellington Management Group LLP grew its position in SolarWinds by 93.3% during the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock valued at $30,987,000 after purchasing an additional 1,049,310 shares during the last quarter. Fisher Asset Management LLC bought a new stake in SolarWinds during the 4th quarter valued at about $13,886,000. Arrowstreet Capital Limited Partnership increased its stake in SolarWinds by 167.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 912,946 shares of the software maker’s stock valued at $13,009,000 after purchasing an additional 571,539 shares in the last quarter. Finally, Scalar Gauge Management LLC raised its holdings in SolarWinds by 15.6% in the fourth quarter. Scalar Gauge Management LLC now owns 554,918 shares of the software maker’s stock worth $7,908,000 after buying an additional 75,000 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Price Performance

NYSE SWI opened at $18.49 on Friday. The stock has a market capitalization of $3.20 billion, a price-to-earnings 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. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. The business’s fifty day moving average price is $18.42 and its 200-day moving average price is $15.84.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS 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%. On average, equities analysts predict that SolarWinds Co. will post 0.75 earnings per share for the current year.

Analyst Ratings Changes

SWI has been the topic of a number of recent analyst reports. Scotiabank increased their price target 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. Truist Financial reiterated a “hold” rating and set a $18.50 target price (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. 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 note on Tuesday, January 21st. Robert W. Baird increased their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. 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 target price 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.