Los Angeles Capital Management LLC Acquires 181,210 Shares of SolarWinds Co. (NYSE:SWI)

Los Angeles Capital Management LLC increased its holdings in shares of SolarWinds Co. (NYSE:SWI) by 748.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 205,410 shares of the software maker’s stock after buying an additional 181,210 shares during the period. Los Angeles Capital Management LLC owned 0.12% of SolarWinds worth $2,566,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Voss Capital LLC increased its stake in shares of SolarWinds by 145.6% in the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock valued at $35,853,000 after acquiring an additional 1,701,736 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in SolarWinds in the third quarter worth $1,268,000. Foundry Partners LLC bought a new position in shares of SolarWinds during the fourth quarter worth $5,420,000. Quadrature Capital Ltd acquired a new position in shares of SolarWinds in the 3rd quarter valued at $214,000. Finally, Jackson Creek Investment Advisors LLC bought a new stake in shares of SolarWinds in the 3rd quarter valued at $791,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Up 0.9 %

Shares of SolarWinds stock opened at $11.80 on Tuesday. The firm has a market cap of $1.98 billion, a PE ratio of 168.57 and a beta of 0.97. The business’s 50 day simple moving average is $11.73 and its 200 day simple moving average is $11.63. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. SolarWinds Co. has a 52-week low of $8.50 and a 52-week high of $13.43.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $198.14 million for the quarter, compared to the consensus estimate of $190.54 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.33%. On average, analysts predict that SolarWinds Co. will post 0.62 earnings per share for the current fiscal year.

SolarWinds Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 15th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SWI shares. JPMorgan Chase & Co. initiated coverage on SolarWinds in a research note on Thursday, February 1st. They issued a “neutral” rating and a $14.00 target price for the company. Truist Financial initiated coverage on SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price for the company. Robert W. Baird lifted their price target on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Royal Bank of Canada increased their price objective on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research report on Friday, February 9th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, SolarWinds has a consensus rating of “Hold” and an average target price of $13.80.

SolarWinds 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.