SolarWinds Co. (NYSE:SWI) Stake Raised by Voss Capital LLC

Voss Capital LLC boosted its position in SolarWinds Co. (NYSE:SWIFree Report) by 145.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,870,575 shares of the software maker’s stock after buying an additional 1,701,736 shares during the period. SolarWinds makes up approximately 3.5% of Voss Capital LLC’s investment portfolio, making the stock its 9th largest holding. Voss Capital LLC’s holdings in SolarWinds were worth $35,853,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SWI. Campbell & CO Investment Adviser LLC purchased a new stake in SolarWinds in the 3rd quarter worth approximately $1,268,000. Quadrature Capital Ltd acquired a new position in shares of SolarWinds during the 3rd quarter worth approximately $214,000. Jackson Creek Investment Advisors LLC acquired a new position in shares of SolarWinds during the 3rd quarter worth approximately $791,000. Wellington Management Group LLP raised its stake in shares of SolarWinds by 5.4% during the 3rd quarter. Wellington Management Group LLP now owns 1,618,818 shares of the software maker’s stock worth $15,282,000 after buying an additional 82,602 shares during the period. Finally, Barclays PLC raised its stake in shares of SolarWinds by 9.7% during the 3rd quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock worth $197,000 after buying an additional 1,842 shares during the period. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial assumed coverage on SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price for the company. JPMorgan Chase & Co. assumed coverage on SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 target price for the company. Finally, Royal Bank of Canada upped their target price on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.50.

Check Out Our Latest Stock Analysis on SWI

SolarWinds Trading Down 2.9 %

Shares of NYSE SWI traded down $0.32 during mid-day trading on Monday, reaching $10.59. 508,029 shares of the company’s stock were exchanged, compared to its average volume of 449,991. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -218.20 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. SolarWinds Co. has a 52-week low of $8.06 and a 52-week high of $13.43. The company’s 50-day moving average is $12.17 and its 200-day moving average is $11.46.

SolarWinds (NYSE:SWIGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. The business had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $190.54 million. Analysts expect that SolarWinds Co. will post 0.62 EPS for the current fiscal year.

SolarWinds Dividend Announcement

The company also recently announced a dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 3rd will be issued a dividend of $1.00 per share. The ex-dividend date is Tuesday, April 2nd.

SolarWinds Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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