American Century Companies Inc. Increases Stock Holdings in SolarWinds Co. (NYSE:SWI)

American Century Companies Inc. boosted its position in SolarWinds Co. (NYSE:SWI) by 16.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,435 shares of the software maker’s stock after purchasing an additional 9,186 shares during the quarter. American Century Companies Inc.’s holdings in SolarWinds were worth $776,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Foundry Partners LLC raised its holdings in SolarWinds by 5.3% in the second quarter. Foundry Partners LLC now owns 510,206 shares of the software maker’s stock worth $6,148,000 after purchasing an additional 25,685 shares in the last quarter. Scalar Gauge Management LLC bought a new position in SolarWinds in the fourth quarter worth $4,918,000. Bank of New York Mellon Corp raised its holdings in SolarWinds by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 279,792 shares of the software maker’s stock worth $3,371,000 after purchasing an additional 24,400 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in SolarWinds by 1.3% in the first quarter. Los Angeles Capital Management LLC now owns 208,102 shares of the software maker’s stock worth $2,626,000 after purchasing an additional 2,692 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in SolarWinds by 1.2% in the second quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock worth $1,884,000 after purchasing an additional 1,793 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on SWI shares. Scotiabank started coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Robert W. Baird reduced their price target on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.80.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $12.67 on Wednesday. SolarWinds Co. has a 1-year low of $8.83 and a 1-year high of $13.43. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The business has a fifty day moving average price of $12.43 and a 200-day moving average price of $11.97. The company has a market capitalization of $2.15 billion, a PE ratio of 181.00 and a beta of 0.97.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm had revenue of $193.30 million during the quarter, compared to the consensus estimate of $188.67 million. During the same period last year, the company earned $0.12 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. As a group, equities analysts expect that SolarWinds Co. will post 0.71 EPS 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.