Prudential Financial Inc. Sells 14,000 Shares of SolarWinds Co. (NYSE:SWI)

Prudential Financial Inc. lessened its holdings in shares of SolarWinds Co. (NYSE:SWI) by 1.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 847,580 shares of the software maker’s stock after selling 14,000 shares during the period. Prudential Financial Inc. owned 0.50% of SolarWinds worth $12,078,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Intech Investment Management LLC bought a new stake in shares of SolarWinds in the 3rd quarter worth approximately $155,000. Charles Schwab Investment Management Inc. grew its stake in shares of SolarWinds by 7.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 454,454 shares of the software maker’s stock worth $5,931,000 after acquiring an additional 30,707 shares during the last quarter. FMR LLC boosted its stake in SolarWinds by 28.6% in the 3rd quarter. FMR LLC now owns 106,286 shares of the software maker’s stock worth $1,387,000 after purchasing an additional 23,623 shares in the last quarter. Public Sector Pension Investment Board purchased a new stake in SolarWinds during the 3rd quarter valued at about $1,496,000. Finally, Walleye Capital LLC bought a new stake in SolarWinds during the 3rd quarter valued at about $222,000. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Down 0.1 %

SolarWinds stock opened at $18.44 on Friday. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55. The stock has a fifty day moving average of $17.34 and a 200 day moving average of $14.79. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The stock has a market cap of $3.19 billion, a PE ratio of 29.26 and a beta of 0.93.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data 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 predict that SolarWinds Co. will post 0.75 EPS for the current year.

Analyst Ratings Changes

SWI has been the topic of several analyst reports. Robert W. Baird upped their target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $20.00 to $18.50 in a report on Friday, February 7th. Scotiabank upped their price target on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a report 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 report on Tuesday, January 21st. Finally, Truist Financial reissued a “hold” rating and issued a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.