Voss Capital LP Grows Stock Position in SolarWinds Co. (NYSE:SWI)

Voss Capital LP lifted its holdings in SolarWinds Co. (NYSE:SWI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,492,541 shares of the software maker’s stock after purchasing an additional 142,541 shares during the period. SolarWinds comprises approximately 4.8% of Voss Capital LP’s holdings, making the stock its 11th biggest position. Voss Capital LP owned approximately 2.63% of SolarWinds worth $64,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after buying an additional 59,532 shares during the period. Fisher Asset Management LLC purchased a new stake in SolarWinds in the 4th quarter worth approximately $13,886,000. Pacer Advisors Inc. raised its stake in SolarWinds by 18.5% during the 4th 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. State Street Corp raised its stake in SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after acquiring an additional 800,467 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in SolarWinds by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker’s stock valued at $6,715,000 after purchasing an additional 16,742 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Price Performance

SolarWinds stock opened at $18.49 on Monday. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average is $18.38 and its 200 day moving average is $15.49. 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 (NYSE:SWI) last announced its quarterly 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%. Sell-side analysts forecast that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.