SolarWinds Co. (NYSE:SWI) Stock Position Boosted by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in shares of SolarWinds Co. (NYSE:SWI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 229,586 shares of the software maker’s stock after buying an additional 4,930 shares during the quarter. Brandes Investment Partners LP’s holdings in SolarWinds were worth $2,868,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its position in SolarWinds by 118.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock worth $52,000 after purchasing an additional 2,957 shares during the period. New York State Teachers Retirement System bought a new stake in SolarWinds in the fourth quarter worth about $57,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in SolarWinds by 185.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock valued at $84,000 after acquiring an additional 5,793 shares during the last quarter. AXQ Capital LP bought a new position in shares of SolarWinds during the 3rd quarter valued at about $103,000. Finally, Quest Partners LLC acquired a new position in shares of SolarWinds in the 4th quarter worth approximately $129,000. 93.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SWI has been the subject of a number of research reports. Truist Financial began coverage on shares of SolarWinds in a report on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price for the company. Royal Bank of Canada raised their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th. JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 target price on the stock. Finally, Robert W. Baird increased their price objective on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds presently has an average rating of “Hold” and an average price target of $13.80.

SolarWinds Stock Up 3.5 %

NYSE SWI traded up $0.42 on Tuesday, reaching $12.47. The stock had a trading volume of 372,119 shares, compared to its average volume of 443,447. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.93. SolarWinds Co. has a 1 year low of $8.83 and a 1 year high of $13.43. The business has a 50 day moving average price of $11.68 and a 200 day moving average price of $11.83. The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of 172.14 and a beta of 0.97.

SolarWinds Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd.

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.