Victory Capital Management Inc. Has $1.55 Million Holdings in SolarWinds Co. (NYSE:SWI)

Victory Capital Management Inc. lifted its holdings in shares of SolarWinds Co. (NYSE:SWI) by 2.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 108,747 shares of the software maker’s stock after acquiring an additional 2,816 shares during the quarter. Victory Capital Management Inc.’s holdings in SolarWinds were worth $1,550,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SWI. R Squared Ltd acquired a new position in shares of SolarWinds during the fourth quarter worth $38,000. Steward Partners Investment Advisory LLC raised its stake 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 buying an additional 2,279 shares during 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 worth $94,000 after buying an additional 2,000 shares during the last quarter. Quadrature Capital Ltd bought a new position in SolarWinds during the third quarter worth $138,000. Finally, Intech Investment Management LLC bought a new position in SolarWinds during the third quarter worth $155,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SWI shares. Scotiabank lifted their target price 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. Royal Bank of Canada lifted their target price on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Truist Financial reissued a “hold” rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Finally, Robert W. Baird lifted their price target on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating 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, the stock currently has an average rating of “Hold” and an average price target of $18.00.

SolarWinds Stock Up 0.5 %

Shares of NYSE SWI opened at $18.41 on Wednesday. The stock has a market capitalization of $3.16 billion, a P/E ratio of 29.21 and a beta of 0.93. The company has a 50-day moving average price of $16.62 and a 200-day moving average price of $14.49. 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 issued its quarterly earnings data 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 net margin of 14.04% and a return on equity of 12.19%. On average, equities research analysts forecast that SolarWinds Co. will post 0.75 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.