SolarWinds Co. (NYSE:SWI) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 130.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,010 shares of the software maker's stock after acquiring an additional 68,592 shares during the quarter. Teacher Retirement System of Texas owned about 0.07% of SolarWinds worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. New York State Teachers Retirement System bought a new stake in shares of SolarWinds during the 4th quarter valued at $57,000. Allspring Global Investments Holdings LLC grew its stake in SolarWinds by 118.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker's stock valued at $52,000 after acquiring an additional 2,957 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in SolarWinds by 185.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker's stock worth $84,000 after acquiring an additional 5,793 shares during the period. AXQ Capital LP purchased a new stake in SolarWinds in the 3rd quarter worth approximately $103,000. Finally, Barclays PLC grew its position in shares of SolarWinds by 9.7% during the 3rd quarter. Barclays PLC now owns 20,820 shares of the software maker's stock valued at $197,000 after purchasing an additional 1,842 shares in the last quarter. Hedge funds and other institutional investors own 93.96% of the company's stock.

SolarWinds Trading Up 0.2 %

Shares of NYSE:SWI traded up $0.02 on Friday, reaching $12.14. 329,621 shares of the company traded hands, compared to its average volume of 416,889. SolarWinds Co. has a 52 week low of $8.82 and a 52 week high of $13.43. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. The business's 50-day simple moving average is $11.69 and its 200 day simple moving average is $11.82. The stock has a market capitalization of $2.04 billion, a P/E ratio of 173.43 and a beta of 0.97.

SolarWinds Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. began coverage on SolarWinds in a research note on Thursday, February 1st. They set a "neutral" rating and a $14.00 price objective for the company. Royal Bank of Canada raised their target price on shares of SolarWinds from $13.00 to $15.00 and gave the company a "sector perform" rating in a research note on Friday, February 9th. Robert W. Baird upped their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, May 6th. Finally, Truist Financial began coverage on SolarWinds in a research report on Wednesday, March 6th. They set a "hold" rating and a $13.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $13.80.

SolarWinds Company 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.