Charles Schwab Investment Management Inc. Buys 16,742 Shares of SolarWinds Co. (NYSE:SWI)

Charles Schwab Investment Management Inc. boosted its stake in SolarWinds Co. (NYSE:SWI) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 471,196 shares of the software maker’s stock after acquiring an additional 16,742 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.28% of SolarWinds worth $6,715,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in shares of SolarWinds in the fourth quarter valued at about $38,000. Steward Partners Investment Advisory LLC raised its position in SolarWinds by 75.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,299 shares of the software maker’s stock valued at $76,000 after buying an additional 2,279 shares during the last quarter. West Tower Group LLC lifted its stake in SolarWinds by 38.3% in the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after acquiring an additional 2,000 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in shares of SolarWinds in the third quarter valued at approximately $138,000. Finally, Intech Investment Management LLC bought a new stake in shares of SolarWinds in the third quarter worth $155,000. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Stock Performance

NYSE SWI opened at $18.41 on Tuesday. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $18.55. The stock has a market cap of $3.19 billion, a PE ratio of 29.21 and a beta of 0.93. The firm has a 50-day moving average of $16.98 and a 200-day moving average of $14.65. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that SolarWinds Co. will post 0.75 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SWI shares. Scotiabank raised their price objective on SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a report on Monday, February 10th. 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. Truist Financial reiterated a “hold” rating and issued a $18.50 price target (up previously from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Royal Bank of Canada boosted their price objective on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Finally, Robert W. Baird raised their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “neutral” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds has a consensus rating of “Hold” and a consensus price target 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.