Brandes Investment Partners LP Has $6.92 Million Stock Holdings in SolarWinds Co. (NYSE:SWI)

Brandes Investment Partners LP raised its position in SolarWinds Co. (NYSE:SWI) by 11.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 485,329 shares of the software maker’s stock after acquiring an additional 50,744 shares during the period. Brandes Investment Partners LP owned about 0.28% of SolarWinds worth $6,916,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Great Lakes Advisors LLC bought a new stake in shares of SolarWinds during the 4th quarter worth approximately $5,147,000. Proficio Capital Partners LLC bought a new stake in SolarWinds in the 4th quarter valued at $160,000. Atria Investments Inc grew its holdings in SolarWinds by 16.4% in the 4th quarter. Atria Investments Inc now owns 27,193 shares of the software maker’s stock valued at $388,000 after buying an additional 3,837 shares in the last quarter. Victory Capital Management Inc. grew its holdings in SolarWinds by 2.7% in the 4th quarter. Victory Capital Management Inc. now owns 108,747 shares of the software maker’s stock valued at $1,550,000 after buying an additional 2,816 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in SolarWinds by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 471,196 shares of the software maker’s stock valued at $6,715,000 after buying an additional 16,742 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

SolarWinds Trading Up 0.3 %

Shares of SolarWinds stock opened at $18.36 on Friday. The stock has a market capitalization of $3.15 billion, a PE ratio of 29.14 and a beta of 0.93. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $18.55. The stock has a 50 day moving average price of $16.45 and a two-hundred day moving average price of $14.40. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating the consensus estimate 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, equities analysts anticipate 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.