Foundry Partners LLC Buys New Holdings in SolarWinds Co. (NYSE:SWI)

Foundry Partners LLC bought a new stake in SolarWinds Co. (NYSE:SWI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 433,984 shares of the software maker’s stock, valued at approximately $5,420,000. Foundry Partners LLC owned approximately 0.26% of SolarWinds at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SWI. New York State Teachers Retirement System acquired a new position in SolarWinds during the 4th quarter valued at about $57,000. Allspring Global Investments Holdings LLC boosted its stake in SolarWinds by 118.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock valued at $52,000 after purchasing an additional 2,957 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of SolarWinds by 185.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock worth $84,000 after buying an additional 5,793 shares during the last quarter. AXQ Capital LP purchased a new position in shares of SolarWinds in the 3rd quarter worth approximately $103,000. Finally, Barclays PLC boosted its stake in shares of SolarWinds by 9.7% in the 3rd quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock worth $197,000 after buying an additional 1,842 shares during the last quarter. 93.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 target price on the stock. Royal Bank of Canada upped their price objective on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday, February 9th. Finally, Truist Financial assumed coverage on SolarWinds in a research note on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price objective on the stock. Four 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 an average target price of $13.50.

SolarWinds Price Performance

Shares of SolarWinds stock traded up $0.06 during trading on Monday, hitting $10.96. The stock had a trading volume of 47,843 shares, compared to its average volume of 449,300. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -218.00 and a beta of 0.97. SolarWinds Co. has a 12 month low of $8.06 and a 12 month high of $13.43. The business’s 50-day moving average is $11.99 and its 200 day moving average is $11.50. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.83.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $190.54 million. SolarWinds had a positive return on equity of 5.08% and a negative net margin of 1.20%. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.62 earnings per share for the current year.

SolarWinds Announces Dividend

The business also recently declared a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were paid 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.