Proficio Capital Partners LLC Takes Position in SolarWinds Co. (NYSE:SWI)

Proficio Capital Partners LLC acquired a new stake in shares of SolarWinds Co. (NYSE:SWI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,201 shares of the software maker’s stock, valued at approximately $160,000.

Several other hedge funds have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in SolarWinds during the fourth quarter valued at approximately $38,000. West Tower Group LLC increased its stake in shares of SolarWinds by 38.3% in the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of SolarWinds in the third quarter worth $138,000. Intech Investment Management LLC purchased a new stake in shares of SolarWinds in the third quarter worth $155,000. Finally, Verition Fund Management LLC purchased a new stake in shares of SolarWinds in the third quarter worth $171,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wedbush cut shares of SolarWinds from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $18.50 in a research note on Friday, February 7th. Robert W. Baird increased their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Scotiabank upped their target price on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Truist Financial restated a “hold” rating and set a $18.50 target price (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Finally, Royal Bank of Canada upped their target price on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds presently has a consensus rating of “Hold” and an average price target of $18.00.

SolarWinds Price Performance

SWI stock opened at $18.29 on Thursday. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $18.55. The company has a quick ratio of 0.71, a current ratio of 0.85 and a debt-to-equity ratio of 0.85. The company has a fifty day simple moving average of $16.28 and a two-hundred day simple moving average of $14.32. The firm has a market capitalization of $3.14 billion, a P/E ratio of 29.02 and a beta of 0.93.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. SolarWinds had a net margin of 14.04% and a return on equity of 12.19%. Analysts anticipate that SolarWinds Co. will post 0.75 earnings per share 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.