2,479,736 Shares in SolarWinds Co. (NYSE:SWI) Acquired by AlpInvest Partners B.V.

AlpInvest Partners B.V. acquired a new position in SolarWinds Co. (NYSE:SWI – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,479,736 shares of the software maker’s stock, valued at approximately $23,210,000. SolarWinds accounts for 6.3% of AlpInvest Partners B.V.’s portfolio, making the stock its 5th largest holding. AlpInvest Partners B.V. owned approximately 1.53% of SolarWinds at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Federated Hermes Inc. boosted its holdings in SolarWinds by 249.4% in the third quarter. Federated Hermes Inc. now owns 1,276,763 shares of the software maker’s stock valued at $9,895,000 after purchasing an additional 911,383 shares during the period. Dimensional Fund Advisors LP raised its stake in SolarWinds by 113.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,088,937 shares of the software maker’s stock valued at $14,494,000 after buying an additional 577,938 shares in the last quarter. BlackRock Inc. increased its position in shares of SolarWinds by 31.0% during the first quarter. BlackRock Inc. now owns 2,243,244 shares of the software maker’s stock worth $29,857,000 after purchasing an additional 531,131 shares in the last quarter. Vanguard Group Inc. increased its position in shares of SolarWinds by 9.1% during the third quarter. Vanguard Group Inc. now owns 4,494,887 shares of the software maker’s stock worth $34,835,000 after purchasing an additional 375,068 shares in the last quarter. Finally, State Street Corp increased its position in shares of SolarWinds by 50.4% during the second quarter. State Street Corp now owns 861,127 shares of the software maker’s stock worth $8,827,000 after purchasing an additional 288,650 shares in the last quarter. 95.22% of the stock is currently owned by hedge funds and other institutional investors.

SolarWinds Stock Performance

Shares of SWI stock traded up $0.13 on Friday, reaching $9.24. 121,302 shares of the stock were exchanged, compared to its average volume of 403,469. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.86. The firm has a 50 day moving average of $8.60 and a two-hundred day moving average of $8.98. SolarWinds Co. has a 1-year low of $7.51 and a 1-year high of $12.79.

Wall Street Analyst Weigh In

SWI has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on SolarWinds from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Friday, February 10th. VNET Group reissued a “maintains” rating on shares of SolarWinds in a research note on Friday, April 28th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of SolarWinds in a research note on Monday, March 6th.

About SolarWinds

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SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.