SolarWinds Co. (NYSE:SWI) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lowered its position in shares of SolarWinds Co. (NYSE:SWI) by 9.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 331,916 shares of the software maker’s stock after selling 36,478 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SolarWinds were worth $4,730,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC lifted its holdings in SolarWinds by 170.1% in the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after purchasing an additional 59,532 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of SolarWinds in the fourth quarter worth about $13,886,000. Pacer Advisors Inc. lifted its stake 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 buying an additional 2,574 shares in the last quarter. State Street Corp lifted its stake in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after buying an additional 800,467 shares in the last quarter. Finally, Villanova Investment Management Co LLC boosted its position in SolarWinds by 42.8% during the third quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock worth $1,954,000 after acquiring an additional 44,839 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SWI. Truist Financial reissued a “hold” rating and issued 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 lifted their price objective on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Scotiabank raised their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research note on Monday, February 10th. Robert W. Baird lifted 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. Finally, Wedbush cut shares of SolarWinds from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.00.

SolarWinds Stock Performance

NYSE SWI opened at $18.45 on Friday. The stock has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $14.75. 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 stock has a market cap of $3.19 billion, a PE ratio of 29.28 and a beta of 0.93. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55.

SolarWinds (NYSE:SWI) last posted its earnings results 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 net margin of 14.04% and a return on equity of 12.19%. Equities analysts anticipate that SolarWinds Co. will post 0.75 earnings per share for the current year.

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.