Voss Capital LP Acquires 142,541 Shares of SolarWinds Co. (NYSE:SWI)

Voss Capital LP increased its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,492,541 shares of the software maker's stock after acquiring an additional 142,541 shares during the period. SolarWinds comprises about 4.8% of Voss Capital LP's portfolio, making the stock its 11th largest position. Voss Capital LP owned about 2.63% of SolarWinds worth $64,019,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp lifted its holdings in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock valued at $28,619,000 after purchasing an additional 800,467 shares in the last quarter. Jane Street Group LLC lifted its stake in SolarWinds by 9.4% in the 3rd quarter. Jane Street Group LLC now owns 87,488 shares of the software maker's stock valued at $1,142,000 after acquiring an additional 7,506 shares in the last quarter. Barclays PLC boosted its position in SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker's stock worth $1,233,000 after acquiring an additional 59,532 shares during the last quarter. Geode Capital Management LLC boosted its position in SolarWinds by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker's stock worth $16,839,000 after acquiring an additional 16,730 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of SolarWinds by 6.2% during the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker's stock worth $386,000 after acquiring an additional 1,760 shares in the last quarter. 93.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on SWI shares. Truist Financial restated a "hold" rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Wedbush cut SolarWinds from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $20.00 to $18.50 in a report on Friday, February 7th. Scotiabank lifted their target price on SolarWinds from $15.00 to $18.50 and gave the company a "sector perform" rating in a research report on Monday, February 10th. Robert W. Baird increased their price target on SolarWinds from $15.00 to $18.50 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, Royal Bank of Canada boosted 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. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and an average target price of $18.00.

SolarWinds Price Performance

SolarWinds stock remained flat at $18.49 during midday trading on Friday. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The company's 50 day moving average is $18.40 and its two-hundred day moving average is $15.65. The company has a market cap of $3.20 billion, a PE ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55.

SolarWinds (NYSE:SWI - Get Free Report) last posted its earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

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.