WINTON GROUP Ltd Acquires Shares of 10,493 SolarWinds Co. (NYSE:SWI)

WINTON GROUP Ltd bought a new stake in SolarWinds Co. (NYSE:SWI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 10,493 shares of the software maker’s stock, valued at approximately $150,000.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in SolarWinds by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker’s stock valued at $97,831,000 after buying an additional 192,198 shares in the last quarter. State Street Corp increased its holdings in SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after purchasing an additional 800,467 shares in the last quarter. Geode Capital Management LLC boosted its stake in SolarWinds by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock worth $16,839,000 after purchasing an additional 16,730 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of SolarWinds in the fourth quarter valued at about $13,886,000. Finally, Venturi Wealth Management LLC bought a new stake in SolarWinds during the 4th quarter worth about $7,446,000. Institutional investors own 93.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SWI. Royal Bank of Canada raised their price target on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a report on Tuesday, January 21st. Truist Financial restated a “hold” rating and set a $18.50 target price (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Scotiabank boosted their price target on shares of 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 target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and reduced their price target 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.00.

SolarWinds Stock Performance

SWI opened at $18.44 on Tuesday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93. The business’s 50-day moving average price is $17.42 and its two-hundred day moving average price is $14.87. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $18.55. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating 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%. Equities 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.