Los Angeles Capital Management LLC Trims Holdings in SolarWinds Co. (NYSE:SWI)

Los Angeles Capital Management LLC decreased its holdings in SolarWinds Co. (NYSE:SWI) by 46.6% in the 4th quarter, Holdings Channel reports. The firm owned 83,893 shares of the software maker’s stock after selling 73,179 shares during the period. Los Angeles Capital Management LLC’s holdings in SolarWinds were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. State Street Corp raised its position in SolarWinds by 57.5% in the 3rd 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. Geode Capital Management LLC raised its position in SolarWinds by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock valued at $16,839,000 after purchasing an additional 16,730 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in SolarWinds by 4.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker’s stock valued at $7,389,000 after purchasing an additional 25,416 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in SolarWinds in the 4th quarter valued at $7,446,000. Finally, Charles Schwab Investment Management Inc. raised its position in SolarWinds by 7.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 454,454 shares of the software maker’s stock valued at $5,931,000 after purchasing an additional 30,707 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

NYSE SWI opened at $18.30 on Friday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The company has a market capitalization of $3.14 billion, a P/E ratio of 29.04 and a beta of 0.94. The business has a 50 day moving average price of $15.64 and a 200 day moving average price of $14.00. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last released its quarterly earnings data 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%. Sell-side analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

SWI has been the subject of several recent research reports. Robert W. Baird increased their price target on SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday, February 10th. Royal Bank of Canada lifted their price objective on shares of 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 reiterated 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. Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Finally, Scotiabank lifted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $18.00.

SolarWinds 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.