SolarWinds Co. (NYSE:SWI) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its holdings in SolarWinds Co. (NYSE:SWI) by 4.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,267 shares of the software maker’s stock after selling 5,978 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.08% of SolarWinds worth $2,042,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SWI. State Street Corp increased its stake in SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after purchasing an additional 800,467 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in SolarWinds in the fourth quarter valued at $7,446,000. Principal Financial Group Inc. acquired a new position in SolarWinds in the third quarter valued at $3,673,000. Harvey Partners LLC acquired a new position in SolarWinds in the third quarter valued at $1,958,000. Finally, Public Sector Pension Investment Board acquired a new position in SolarWinds in the third quarter valued at $1,496,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Price Performance

Shares of NYSE SWI opened at $18.33 on Wednesday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The business has a 50-day moving average of $15.04 and a 200-day moving average of $13.67. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.09 and a beta of 0.94.

SolarWinds (NYSE:SWI) last issued its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. SolarWinds had a return on equity of 12.39% and a net margin of 14.04%. On average, equities analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SWI. Robert W. Baird boosted their price target on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday, February 10th. Scotiabank boosted their price target on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Royal Bank of Canada boosted their price target on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Truist Financial reissued a “hold” rating and set a $18.50 price target (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Finally, Wedbush downgraded SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

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.