Rock Creek Group LP Cuts Stake in SolarWinds Co. (NYSE:SWI)

Rock Creek Group LP lessened its holdings in shares of SolarWinds Co. (NYSE:SWI) by 5.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 125,000 shares of the software maker’s stock after selling 7,787 shares during the period. SolarWinds makes up about 0.2% of Rock Creek Group LP’s portfolio, making the stock its 28th biggest holding. Rock Creek Group LP owned about 0.07% of SolarWinds worth $1,781,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. R Squared Ltd acquired a new position in SolarWinds during the 4th quarter valued at about $38,000. Steward Partners Investment Advisory LLC increased its holdings in shares of 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 in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of SolarWinds in the 4th quarter valued at approximately $124,000. Quadrature Capital Ltd acquired a new stake in SolarWinds in the 3rd quarter worth approximately $138,000. Finally, WINTON GROUP Ltd purchased a new stake in SolarWinds during the 4th quarter worth approximately $150,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Stock Performance

NYSE SWI opened at $18.44 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 29.26 and a beta of 0.93. The stock has a 50-day simple moving average of $17.34 and a two-hundred day simple moving average of $14.81. 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 Co. has a fifty-two week low of $10.14 and a fifty-two week high of $18.55.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, beating 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%. On average, equities analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.