Wellington Management Group LLP Grows Holdings in SolarWinds Co. (NYSE:SWI)

Wellington Management Group LLP raised its position in shares of SolarWinds Co. (NYSE:SWI) by 93.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,174,522 shares of the software maker’s stock after purchasing an additional 1,049,310 shares during the period. Wellington Management Group LLP’s holdings in SolarWinds were worth $30,987,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP lifted its stake in shares of SolarWinds by 2.5% during the 3rd quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock valued at $629,000 after buying an additional 1,184 shares in the last quarter. Franklin Resources Inc. increased its stake in 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. Steward Partners Investment Advisory LLC raised its holdings in SolarWinds by 75.5% during the fourth 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 during the period. Pacer Advisors Inc. lifted its position in shares of SolarWinds by 18.5% in the fourth 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. Finally, R Squared Ltd bought a new position in shares of SolarWinds in the fourth quarter worth about $38,000. 93.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SWI. 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 report on Tuesday, January 21st. Scotiabank boosted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a report on Monday, February 10th. Wedbush cut shares of SolarWinds from an “outperform” rating to a “neutral” rating and cut their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Robert W. Baird boosted their price target on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Truist Financial restated a “hold” rating and set a $18.50 price objective (up previously from $13.00) on shares of SolarWinds 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, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

SolarWinds Trading Down 0.2 %

Shares of SWI opened at $18.38 on Monday. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $18.55. 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 company’s fifty day moving average is $17.74 and its 200 day moving average is $15.03. The stock has a market capitalization of $3.18 billion, a PE ratio of 29.17 and a beta of 0.88.

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

About SolarWinds

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.