Great Lakes Advisors LLC Makes New Investment in SolarWinds Co. (NYSE:SWI)

Great Lakes Advisors LLC acquired a new stake in shares of SolarWinds Co. (NYSE:SWI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 361,203 shares of the software maker’s stock, valued at approximately $5,147,000. Great Lakes Advisors LLC owned about 0.21% of SolarWinds at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in SolarWinds during the 4th quarter worth about $38,000. Steward Partners Investment Advisory LLC raised its position in shares of SolarWinds by 75.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock worth $76,000 after purchasing an additional 2,279 shares during the last quarter. West Tower Group LLC raised its holdings in shares of SolarWinds by 38.3% during the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after acquiring an additional 2,000 shares during the last quarter. Quadrature Capital Ltd purchased a new position in SolarWinds in the 3rd quarter valued at $138,000. Finally, Intech Investment Management LLC purchased a new position in shares of SolarWinds in the third quarter worth about $155,000. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Price Performance

Shares of SWI opened at $18.34 on Friday. The firm has a fifty day moving average price of $16.28 and a 200 day moving average price of $14.32. The stock has a market cap of $3.15 billion, a PE ratio of 29.10 and a beta of 0.93. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. 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 (NYSE:SWI) last announced its 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 net margin of 14.04% and a return on equity of 12.19%. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current year.

Analyst Ratings Changes

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

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.