SolarWinds Co. (NYSE:SWI) Shares Bought by Scalar Gauge Management LLC

Scalar Gauge Management LLC lifted its position in shares of SolarWinds Co. (NYSE:SWI) by 15.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 554,918 shares of the software maker’s stock after purchasing an additional 75,000 shares during the quarter. SolarWinds accounts for approximately 3.7% of Scalar Gauge Management LLC’s portfolio, making the stock its 12th largest holding. Scalar Gauge Management LLC’s holdings in SolarWinds were worth $7,908,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SWI. R Squared Ltd acquired a new stake in SolarWinds in the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC lifted its position in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after buying an additional 2,279 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in SolarWinds in the 4th quarter valued at $124,000. Quadrature Capital Ltd purchased a new stake in SolarWinds in the 3rd quarter worth $138,000. Finally, WINTON GROUP Ltd acquired a new position in SolarWinds during the fourth quarter worth $150,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

SolarWinds Stock Down 0.1 %

SWI stock opened at $18.44 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93. The firm has a 50-day moving average of $17.34 and a two-hundred day moving average of $14.83. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $18.55. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates 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, analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SWI. Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $18.50 in a research report on Friday, February 7th. 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 report on Tuesday, January 21st. Scotiabank increased their target price on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a report on Monday, February 10th. Robert W. Baird raised their target price on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Truist Financial reiterated a “hold” rating and set a $18.50 price target (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average 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.