Proficio Capital Partners LLC Purchases New Stake in SolarWinds Co. (NYSE:SWI)

Proficio Capital Partners LLC acquired a new position in shares of SolarWinds Co. (NYSE:SWI) in the 4th quarter, Holdings Channel.com reports. The firm acquired 11,201 shares of the software maker’s stock, valued at approximately $160,000.

A number of other large investors have also recently bought and sold shares of SWI. Barclays PLC lifted its holdings in shares of SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock worth $1,233,000 after acquiring an additional 59,532 shares during the period. Fisher Asset Management LLC acquired a new position in SolarWinds during the fourth quarter valued at approximately $13,886,000. Pacer Advisors Inc. lifted 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 worth $235,000 after purchasing an additional 2,574 shares during the last quarter. State Street Corp boosted its holdings in shares of SolarWinds by 57.5% in 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. Finally, Villanova Investment Management Co LLC increased its stake in shares of SolarWinds by 42.8% in the 3rd quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock valued at $1,954,000 after purchasing an additional 44,839 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on SWI. Royal Bank of Canada raised 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. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Truist Financial reiterated a “hold” rating and set a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Robert W. Baird raised their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Scotiabank boosted 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. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

SolarWinds Stock Performance

SolarWinds stock opened at $18.45 on Friday. The business has a 50 day moving average of $17.25 and a 200-day moving average of $14.75. The company has a market capitalization of $3.19 billion, a P/E ratio of 29.28 and a beta of 0.93. 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 quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (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 predict that SolarWinds Co. will post 0.75 earnings per share for the current year.

About SolarWinds

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.