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

Brandes Investment Partners LP raised its holdings in shares of SolarWinds Co. (NYSE:SWI) by 12.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 371,636 shares of the software maker’s stock after purchasing an additional 40,643 shares during the period. Brandes Investment Partners LP owned about 0.22% of SolarWinds worth $4,424,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SWI. Dimensional Fund Advisors LP grew its position in shares of SolarWinds by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after buying an additional 461,061 shares during the last quarter. Scalar Gauge Management LLC boosted its stake in SolarWinds by 11.3% in the second quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker’s stock valued at $10,050,000 after acquiring an additional 85,000 shares during the period. AQR Capital Management LLC grew its holdings in shares of SolarWinds by 48.5% during the second quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after purchasing an additional 269,578 shares during the last quarter. Federated Hermes Inc. raised its position in shares of SolarWinds by 0.4% during the 2nd quarter. Federated Hermes Inc. now owns 560,015 shares of the software maker’s stock worth $6,748,000 after purchasing an additional 2,491 shares during the period. Finally, Foundry Partners LLC lifted its holdings in shares of SolarWinds by 5.3% in the 2nd 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 during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

SolarWinds Stock Up 2.0 %

Shares of SolarWinds stock opened at $13.05 on Tuesday. SolarWinds Co. has a 1-year low of $8.83 and a 1-year high of $13.43. The company has a market capitalization of $2.21 billion, a P/E ratio of 186.43 and a beta of 0.97. The business’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $11.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. The business had revenue of $193.30 million during the quarter, compared to the consensus estimate of $188.67 million. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, research analysts forecast that SolarWinds Co. will post 0.71 EPS for the current year.

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.