SolarWinds Co. (NYSE:SWI) Shares Bought by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC increased its stake in SolarWinds Co. (NYSE:SWI - Free Report) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 265,813 shares of the software maker's stock after purchasing an additional 19,282 shares during the quarter. SolarWinds accounts for 0.6% of Mcmorgan & Co. LLC's investment portfolio, making the stock its 24th largest position. Mcmorgan & Co. LLC owned approximately 0.16% of SolarWinds worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SWI. Sterling Capital Management LLC grew its holdings in SolarWinds by 808.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,744 shares of the software maker's stock valued at $25,000 after purchasing an additional 1,552 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of SolarWinds by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock worth $386,000 after buying an additional 1,760 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SolarWinds by 17.7% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,718 shares of the software maker's stock valued at $195,000 after acquiring an additional 2,061 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker's stock valued at $76,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in SolarWinds by 18.5% during the 4th quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker's stock valued at $235,000 after acquiring an additional 2,574 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company's stock.

SolarWinds Stock Performance

Shares of SWI stock remained flat at $18.49 during mid-day trading on Friday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The stock has a market cap of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The stock has a 50-day moving average price of $18.39 and a two-hundred day moving average price of $15.61.

SolarWinds (NYSE:SWI - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. SolarWinds had a return on equity of 12.19% and a net margin of 14.04%. Research analysts predict that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial reiterated a "hold" rating and issued a $18.50 price target (up from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Scotiabank increased their target price on SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a report on Monday, February 10th. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $16.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 21st. Wedbush downgraded SolarWinds from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Finally, Robert W. Baird lifted their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has an average rating of "Hold" and an average target price of $18.00.

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.