SolarWinds Co. (NYSE:SWI) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in SolarWinds Co. (NYSE:SWI) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 93,279 shares of the software maker’s stock after selling 6,550 shares during the quarter. Victory Capital Management Inc.’s holdings in SolarWinds were worth $1,124,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SWI. Dimensional Fund Advisors LP lifted its stake in SolarWinds by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock valued at $59,589,000 after buying an additional 508,280 shares during the last quarter. Trexquant Investment LP raised its stake in shares of SolarWinds by 3.6% during the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock valued at $398,000 after purchasing an additional 1,106 shares in the last quarter. Quest Partners LLC bought a new stake in shares of SolarWinds during the fourth quarter valued at about $129,000. TFO Wealth Partners LLC raised its stake in shares of SolarWinds by 722,850.0% during the fourth quarter. TFO Wealth Partners LLC now owns 14,459 shares of the software maker’s stock valued at $181,000 after purchasing an additional 14,457 shares in the last quarter. Finally, Rock Creek Group LP raised its stake in shares of SolarWinds by 244.9% during the fourth quarter. Rock Creek Group LP now owns 150,000 shares of the software maker’s stock valued at $1,874,000 after purchasing an additional 106,503 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Scotiabank assumed coverage on shares of SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 price objective on the stock. Robert W. Baird cut their price objective on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds presently has a consensus rating of “Hold” and a consensus target price of $13.80.

SolarWinds Price Performance

Shares of SolarWinds stock opened at $12.83 on Friday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The company’s 50-day moving average price is $12.24 and its two-hundred day moving average price is $11.93. SolarWinds Co. has a 52 week low of $8.83 and a 52 week high of $13.43. The stock has a market cap of $2.17 billion, a PE ratio of 183.29 and a beta of 0.97.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The firm had revenue of $193.30 million for the quarter, compared to analysts’ expectations of $188.67 million. During the same period in the previous year, the business earned $0.12 earnings per share. SolarWinds’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.71 EPS for the current fiscal 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.