Sanctuary Advisors LLC Has $247,000 Stock Position in SolarWinds Co. (NYSE:SWI)

Sanctuary Advisors LLC reduced its stake in shares of SolarWinds Co. (NYSE:SWI) by 19.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,463 shares of the software maker’s stock after selling 3,936 shares during the period. Sanctuary Advisors LLC’s holdings in SolarWinds were worth $247,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its holdings in shares of SolarWinds by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 293,855 shares of the software maker’s stock valued at $4,187,000 after purchasing an additional 12,428 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of SolarWinds by 4.3% in the fourth quarter. Rhumbline Advisers now owns 166,644 shares of the software maker’s stock valued at $2,375,000 after purchasing an additional 6,862 shares during the last quarter. Meritage Portfolio Management raised its holdings in shares of SolarWinds by 245.0% in the fourth quarter. Meritage Portfolio Management now owns 96,154 shares of the software maker’s stock valued at $1,370,000 after purchasing an additional 68,281 shares during the last quarter. R Squared Ltd acquired a new stake in shares of SolarWinds in the fourth quarter valued at approximately $38,000. Finally, Pacer Advisors Inc. raised its holdings in shares of SolarWinds by 18.5% in the fourth quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock valued at $235,000 after purchasing an additional 2,574 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Price Performance

NYSE:SWI opened at $18.36 on Wednesday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $18.55. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a fifty day simple moving average of $15.80 and a 200 day simple moving average of $14.09. The stock has a market capitalization of $3.15 billion, a PE ratio of 29.14 and a beta of 0.94.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. On average, research analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Analyst Ratings Changes

SWI has been the topic of a number of recent research reports. Truist Financial reiterated a “hold” rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a report on Monday, February 10th. Robert W. Baird lifted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a report on Monday, February 10th. Scotiabank raised their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Royal Bank of Canada raised their target price on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Wedbush cut shares of SolarWinds from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $18.50 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds has an average rating of “Hold” and an average target price of $18.00.

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.