The Manufacturers Life Insurance Company Has $473,000 Position in SolarWinds Co. (NYSE:SWI)

The Manufacturers Life Insurance Company lessened its holdings in SolarWinds Co. (NYSE:SWI) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,194 shares of the software maker’s stock after selling 594 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in SolarWinds were worth $473,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sterling Capital Management LLC raised its stake in SolarWinds by 808.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker’s stock worth $25,000 after acquiring an additional 1,552 shares in the last quarter. R Squared Ltd bought a new stake in shares of SolarWinds during the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC raised its stake in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after purchasing an additional 2,279 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of SolarWinds during the 4th quarter worth $124,000. Finally, WINTON GROUP Ltd bought a new stake in shares of SolarWinds during the 4th quarter worth $150,000. Institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

SWI has been the topic of a number of recent analyst reports. 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 research note on Friday, February 7th. 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. Robert W. Baird boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Royal Bank of Canada boosted their price objective on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Scotiabank boosted their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $18.00.

SolarWinds Price Performance

SWI opened at $18.49 on Friday. The stock has a fifty day simple moving average of $18.45 and a two-hundred day simple moving average of $16.23. 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 has a market cap of $3.20 billion, a price-to-earnings ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $18.55.

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