974,481 Shares in SolarWinds Co. (NYSE:SWI) Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC purchased a new stake in SolarWinds Co. (NYSE:SWI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 974,481 shares of the software maker’s stock, valued at approximately $13,886,000. Fisher Asset Management LLC owned 0.57% of SolarWinds at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in SolarWinds in the 4th quarter valued at about $38,000. Allspring Global Investments Holdings LLC grew its holdings in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after buying an additional 1,001 shares during the period. West Tower Group LLC grew its holdings in SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after buying an additional 2,000 shares during the period. Quadrature Capital Ltd purchased a new stake in SolarWinds in the 3rd quarter valued at about $138,000. Finally, Intech Investment Management LLC purchased a new stake in SolarWinds in the 3rd quarter valued at about $155,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wedbush cut 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 report on Friday, February 7th. Robert W. Baird boosted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday, February 10th. Scotiabank boosted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Truist Financial reiterated a “hold” rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Finally, Royal Bank of Canada boosted their target price on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Stock Performance

SolarWinds stock opened at $18.34 on Tuesday. The stock’s 50 day moving average price is $15.73 and its 200 day moving average price is $14.05. The firm has a market capitalization of $3.15 billion, a PE ratio of 29.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, topping 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%. As a group, sell-side analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

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.