Jump Financial LLC Purchases 30,338 Shares of SolarWinds Co. (NYSE:SWI)

Jump Financial LLC grew its stake in SolarWinds Co. (NYSE:SWIFree Report) by 63.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 78,200 shares of the software maker’s stock after acquiring an additional 30,338 shares during the period. Jump Financial LLC’s holdings in SolarWinds were worth $977,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of SWI. Voss Capital LLC raised its stake in shares of SolarWinds by 145.6% in the fourth quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after acquiring an additional 1,701,736 shares during the last quarter. Foundry Partners LLC bought a new position in shares of SolarWinds in the fourth quarter worth about $5,420,000. ABS Direct Equity Fund LLC bought a new position in shares of SolarWinds in the fourth quarter worth about $2,498,000. Los Angeles Capital Management LLC raised its stake in shares of SolarWinds by 748.8% during the fourth quarter. Los Angeles Capital Management LLC now owns 205,410 shares of the software maker’s stock worth $2,566,000 after buying an additional 181,210 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of SolarWinds during the third quarter worth approximately $1,268,000. 93.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Get Our Latest Stock Report on SolarWinds

SolarWinds Stock Up 0.2 %

Shares of NYSE SWI opened at $12.14 on Friday. The stock has a market cap of $2.04 billion, a P/E ratio of 173.43 and a beta of 0.97. The firm has a 50 day moving average price of $11.69 and a 200 day moving average price of $11.80. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.71 and a current ratio of 0.71. SolarWinds Co. has a 52-week low of $8.82 and a 52-week high of $13.43.

SolarWinds Announces Dividend

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

SolarWinds Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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