ABS Direct Equity Fund LLC Purchases New Position in SolarWinds Co. (NYSE:SWI)

ABS Direct Equity Fund LLC acquired a new position in SolarWinds Co. (NYSE:SWI - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 200,000 shares of the software maker's stock, valued at approximately $2,498,000. SolarWinds accounts for 2.4% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 12th biggest holding. ABS Direct Equity Fund LLC owned 0.12% of SolarWinds at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Voss Capital LLC boosted its position in SolarWinds by 145.6% during the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker's stock worth $35,853,000 after purchasing an additional 1,701,736 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of SolarWinds in the third quarter valued at about $1,268,000. Foundry Partners LLC purchased a new stake in shares of SolarWinds during the 4th quarter valued at about $5,420,000. Quadrature Capital Ltd acquired a new position in SolarWinds during the 3rd quarter worth approximately $214,000. Finally, Jackson Creek Investment Advisors LLC purchased a new position in SolarWinds in the 3rd quarter worth approximately $791,000. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Stock Up 1.0 %

NYSE SWI traded up $0.12 during trading hours on Friday, reaching $11.70. 501,850 shares of the company traded hands, compared to its average volume of 414,434. The stock has a market capitalization of $1.97 billion, a PE ratio of 167.14 and a beta of 0.97. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83. SolarWinds Co. has a 12 month low of $8.50 and a 12 month high of $13.43. The company has a 50 day moving average of $11.73 and a two-hundred day moving average of $11.62.

SolarWinds (NYSE:SWI - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. The firm had revenue of $198.14 million during the quarter, compared to analyst estimates of $190.54 million. SolarWinds had a return on equity of 6.33% and a net margin of 1.58%. As a group, equities analysts expect that SolarWinds Co. will post 0.62 earnings per share for the current year.

SolarWinds Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

Analyst Upgrades and Downgrades

SWI has been the topic of a number of recent research reports. JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a research note on Thursday, February 1st. They issued a "neutral" rating and a $14.00 target price for the company. Royal Bank of Canada lifted their target price on SolarWinds from $13.00 to $15.00 and gave the stock a "sector perform" rating in a research report on Friday, February 9th. Finally, Truist Financial began coverage on SolarWinds in a research note on Wednesday, March 6th. They issued a "hold" rating and a $13.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds currently has a consensus rating of "Hold" and a consensus price target of $13.50.

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.