Deutsche Bank AG Sells 5,309 Shares of SolarWinds Co. (NYSE:SWI)

Deutsche Bank AG trimmed its holdings in SolarWinds Co. (NYSE:SWI) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 67,466 shares of the software maker’s stock after selling 5,309 shares during the period. Deutsche Bank AG’s holdings in SolarWinds were worth $961,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its stake in SolarWinds by 93.3% during the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock valued at $30,987,000 after purchasing an additional 1,049,310 shares during the last quarter. Fisher Asset Management LLC acquired a new position in SolarWinds during the 4th quarter valued at $13,886,000. Arrowstreet Capital Limited Partnership raised its stake in SolarWinds by 167.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 912,946 shares of the software maker’s stock valued at $13,009,000 after purchasing an additional 571,539 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in SolarWinds during the 4th quarter valued at $7,446,000. Finally, Norges Bank acquired a new position in SolarWinds during the 4th quarter valued at $7,106,000. 93.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWI has been the subject of several research analyst reports. Truist Financial reiterated a “hold” rating and set a $18.50 target price (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Scotiabank increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Robert W. Baird increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Wedbush cut shares of SolarWinds from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.00.

SolarWinds Stock Performance

Shares of SWI stock opened at $18.49 on Tuesday. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55. The stock has a market cap of $3.20 billion, a price-to-earnings 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 firm has a fifty day moving average of $18.47 and a 200-day moving average of $16.49.

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.