SolarWinds Co. (NYSE:SWI) Shares Sold by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC decreased its holdings in SolarWinds Co. (NYSE:SWI) by 4.0% during the 4th quarter, HoldingsChannel reports. The fund owned 143,267 shares of the software maker’s stock after selling 5,978 shares during the quarter. Rice Hall James & Associates LLC’s holdings in SolarWinds were worth $2,042,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in shares of SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after acquiring an additional 1,001 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of SolarWinds by 2.5% in the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock worth $629,000 after acquiring an additional 1,184 shares in the last quarter. Franklin Resources Inc. raised its stake in SolarWinds by 6.2% during the third quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock valued at $386,000 after buying an additional 1,760 shares in the last quarter. West Tower Group LLC raised its stake in SolarWinds by 38.3% during the third 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 in the last quarter. Finally, Pacer Advisors Inc. raised its stake in SolarWinds by 18.5% during the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock valued at $235,000 after buying an additional 2,574 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Analysts Set New Price Targets

SWI has been the topic of several research reports. Wedbush cut SolarWinds from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Robert W. Baird upped their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Scotiabank upped their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Royal Bank of Canada upped their price objective on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Truist Financial restated a “hold” rating and set a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds has a consensus rating of “Hold” and a consensus target price of $18.00.

SolarWinds Stock Up 0.1 %

Shares of SolarWinds stock opened at $18.33 on Wednesday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The business’s 50 day simple moving average is $15.04 and its 200-day simple moving average is $13.67. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 29.09 and a beta of 0.94. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.39% and a net margin of 14.04%. Equities research analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

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.