SolarWinds Co. (NYSE:SWI) Shares Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC increased its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 748.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 205,410 shares of the software maker's stock after acquiring an additional 181,210 shares during the quarter. Los Angeles Capital Management LLC owned about 0.12% of SolarWinds worth $2,566,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in SolarWinds by 118.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker's stock valued at $52,000 after purchasing an additional 2,957 shares in the last quarter. New York State Teachers Retirement System bought a new position in SolarWinds in the 4th quarter valued at $57,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of SolarWinds by 185.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker's stock valued at $84,000 after buying an additional 5,793 shares during the period. AXQ Capital LP acquired a new stake in shares of SolarWinds during the 3rd quarter worth approximately $103,000. Finally, Barclays PLC grew its holdings in 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 acquiring an additional 1,842 shares during the period. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Trading Down 0.8 %

Shares of SolarWinds stock traded down $0.09 during midday trading on Tuesday, reaching $11.71. The company had a trading volume of 389,691 shares, compared to its average volume of 446,099. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. SolarWinds Co. has a fifty-two week low of $8.50 and a fifty-two week high of $13.43. The stock has a fifty day moving average price of $11.72 and a 200 day moving average price of $11.65. The firm has a market cap of $1.97 billion, a PE ratio of 167.43 and a beta of 0.97.

SolarWinds (NYSE:SWI - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, hitting 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%. On average, equities analysts anticipate that SolarWinds Co. will post 0.62 earnings per share for the current year.

SolarWinds Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial started coverage on shares of SolarWinds in a research report on Wednesday, March 6th. They issued a "hold" rating and a $13.00 target price for the company. Robert W. Baird lifted their price objective on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a report on Monday. JPMorgan Chase & Co. began 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 raised their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the company a "sector perform" rating in a report on Friday, February 9th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average 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.