Gotham Asset Management LLC Sells 2,349 Shares of SolarWinds Co. (NYSE:SWI)

Gotham Asset Management LLC lessened its stake in shares of SolarWinds Co. (NYSE:SWI) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,506 shares of the software maker’s stock after selling 2,349 shares during the period. Gotham Asset Management LLC’s holdings in SolarWinds were worth $278,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings 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 worth $235,000 after acquiring an additional 2,574 shares during the period. R Squared Ltd purchased a new position in shares of SolarWinds in the fourth quarter valued at about $38,000. Meritage Portfolio Management lifted its position in shares of SolarWinds by 245.0% in the fourth quarter. Meritage Portfolio Management now owns 96,154 shares of the software maker’s stock worth $1,370,000 after buying an additional 68,281 shares in the last quarter. Rhumbline Advisers lifted its position in shares of SolarWinds by 4.3% in the fourth quarter. Rhumbline Advisers now owns 166,644 shares of the software maker’s stock worth $2,375,000 after buying an additional 6,862 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of SolarWinds by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 293,855 shares of the software maker’s stock worth $4,187,000 after buying an additional 12,428 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Wedbush downgraded SolarWinds from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Robert W. Baird increased their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday, February 10th. Royal Bank of Canada lifted 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. Scotiabank lifted 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. Finally, Truist Financial restated a “hold” rating and issued a $18.50 price target (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has an average rating of “Hold” and a consensus price target of $18.00.

SolarWinds Price Performance

Shares of SWI opened at $18.49 on Wednesday. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $18.55. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.35 and a beta of 0.88. The firm has a 50-day simple moving average of $18.46 and a 200-day simple moving average of $16.34. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85.

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.