JPMorgan Chase & Co. Raises Holdings in SolarWinds Co. (NYSE:SWI)

JPMorgan Chase & Co. boosted its stake in SolarWinds Co. (NYSE:SWI) by 79.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 359,266 shares of the software maker’s stock after buying an additional 158,902 shares during the period. JPMorgan Chase & Co.’s holdings in SolarWinds were worth $5,120,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SWI. Barclays PLC boosted its position in shares of 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 purchasing an additional 59,532 shares during the period. Fisher Asset Management LLC purchased a new position in SolarWinds during the 4th quarter valued at about $13,886,000. Pacer Advisors Inc. grew its position in SolarWinds by 18.5% in 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. State Street Corp grew 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. Finally, Charles Schwab Investment Management Inc. increased its stake in SolarWinds by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker’s stock worth $6,715,000 after buying an additional 16,742 shares during the period. Institutional investors and hedge funds own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

SWI has been the topic of a number of recent research reports. Scotiabank upped their price objective on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Royal Bank of Canada lifted their price objective on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Wedbush downgraded shares of SolarWinds from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Robert W. Baird raised their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Truist Financial reiterated a “hold” rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.00.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $18.49 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $18.55. The firm has a market capitalization of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. The company’s fifty day moving average price is $18.38 and its 200 day moving average price is $15.45.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) 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%. As a group, sell-side analysts predict that SolarWinds Co. will post 0.75 earnings per share for the current fiscal year.

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.