SolarWinds Co. (NYSE:SWI) Shares Bought by Quadrature Capital Ltd

Quadrature Capital Ltd raised its holdings in SolarWinds Co. (NYSE:SWI) by 33.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 30,087 shares of the software maker’s stock after acquiring an additional 7,478 shares during the period. Quadrature Capital Ltd’s holdings in SolarWinds were worth $376,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in SolarWinds in the 4th quarter valued at $57,000. AXQ Capital LP acquired a new position in SolarWinds in the 3rd quarter valued at $103,000. Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 51.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,290 shares of the software maker’s stock valued at $104,000 after acquiring an additional 2,829 shares during the last quarter. Quest Partners LLC acquired a new position in SolarWinds in the 4th quarter valued at $129,000. Finally, TFO Wealth Partners LLC grew its stake in shares of SolarWinds by 722,850.0% during the 4th quarter. TFO Wealth Partners LLC now owns 14,459 shares of the software maker’s stock valued at $181,000 after buying an additional 14,457 shares during the period. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Down 1.2 %

Shares of SolarWinds stock opened at $11.62 on Tuesday. The company has a fifty day moving average price of $11.60 and a 200 day moving average price of $11.89. 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 twelve month low of $8.83 and a twelve month high of $13.43. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 165.93 and a beta of 0.96.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. The firm had revenue of $193.31 million during the quarter, compared to analysts’ expectations of $189.74 million. Equities research analysts forecast that SolarWinds Co. will post 0.69 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SWI shares. Truist Financial started coverage on shares of SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 price objective for the company. Robert W. Baird boosted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.80.

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.