Martingale Asset Management L P Sells 33,356 Shares of SolarWinds Co. (NYSE:SWI)

Martingale Asset Management L P lowered its stake in shares of SolarWinds Co. (NYSE:SWI) by 26.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,620 shares of the software maker’s stock after selling 33,356 shares during the quarter. Martingale Asset Management L P owned 0.05% of SolarWinds worth $1,291,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. R Squared Ltd bought a new stake in shares of SolarWinds in the 4th quarter worth $38,000. Steward Partners Investment Advisory LLC boosted its holdings in SolarWinds by 75.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after purchasing an additional 2,279 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in SolarWinds in the 4th quarter worth about $124,000. WINTON GROUP Ltd purchased a new stake in SolarWinds in the 4th quarter valued at about $150,000. Finally, Proficio Capital Partners LLC bought a new position in shares of SolarWinds during the 4th quarter worth approximately $160,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SWI. Royal Bank of Canada upped their target price on 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 issued a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Robert W. Baird lifted their target price on SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Scotiabank increased their price target 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. Finally, Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $20.00 to $18.50 in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds presently has an average rating of “Hold” and an average price target of $18.00.

SolarWinds Stock Down 0.0 %

Shares of NYSE SWI opened at $18.49 on Friday. The business’s fifty day moving average price is $18.23 and its 200-day moving average price is $15.27. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55. The stock has a market capitalization of $3.20 billion, a PE ratio of 29.34 and a beta of 0.88. 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 released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. On average, equities research analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current 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.