SolarWinds Co. (NYSE:SWI) Stock Holdings Increased by Cwm LLC

Cwm LLC boosted its position in SolarWinds Co. (NYSE:SWI) by 91.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,222 shares of the software maker’s stock after buying an additional 8,242 shares during the quarter. Cwm LLC’s holdings in SolarWinds were worth $225,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in SolarWinds by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after buying an additional 461,061 shares during the last quarter. Scalar Gauge Management LLC increased its holdings in SolarWinds by 11.3% in the second quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker’s stock valued at $10,050,000 after buying an additional 85,000 shares during the last quarter. AQR Capital Management LLC increased its holdings in SolarWinds by 48.5% in the second quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after buying an additional 269,578 shares during the last quarter. Federated Hermes Inc. increased its holdings in SolarWinds by 0.4% in the second quarter. Federated Hermes Inc. now owns 560,015 shares of the software maker’s stock valued at $6,748,000 after buying an additional 2,491 shares during the last quarter. Finally, Foundry Partners LLC increased its holdings in SolarWinds by 5.3% in the second quarter. Foundry Partners LLC now owns 510,206 shares of the software maker’s stock valued at $6,148,000 after buying an additional 25,685 shares during the last quarter. 93.96% of the stock is owned by institutional investors.

SolarWinds Stock Performance

Shares of SWI stock opened at $12.76 on Wednesday. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The business has a 50 day moving average of $12.72 and a two-hundred day moving average of $12.04. The company has a market cap of $2.15 billion, a P/E ratio of 182.29 and a beta of 0.97. SolarWinds Co. has a 52 week low of $8.83 and a 52 week high of $13.45.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Scotiabank assumed coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird decreased their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $13.80.

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.