SolarWinds Co. (NYSE:SWI) Position Reduced by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its stake in shares of SolarWinds Co. (NYSE:SWIFree Report) by 13.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,335 shares of the software maker’s stock after selling 6,588 shares during the quarter. New York Life Investment Management LLC’s holdings in SolarWinds were worth $390,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in SolarWinds by 96.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,517 shares of the software maker’s stock worth $26,000 after acquiring an additional 1,237 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in SolarWinds during the second quarter worth $32,000. Ensign Peak Advisors Inc acquired a new position in SolarWinds during the third quarter worth $40,000. Allspring Global Investments Holdings LLC raised its stake in SolarWinds by 118.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock worth $52,000 after acquiring an additional 2,957 shares in the last quarter. Finally, US Bancorp DE raised its stake in SolarWinds by 3,591.5% during the first quarter. US Bancorp DE now owns 4,762 shares of the software maker’s stock worth $64,000 after acquiring an additional 4,633 shares in the last quarter. 95.18% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed 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 raised their target price on SolarWinds from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Friday. TheStreet upgraded SolarWinds from a “d+” rating to a “c-” rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada raised their target price on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $13.50.

Check Out Our Latest Stock Analysis on SolarWinds

SolarWinds Stock Performance

SolarWinds stock opened at $13.09 on Friday. The business’s 50-day simple moving average is $11.98 and its 200 day simple moving average is $10.97. SolarWinds Co. has a 12-month low of $8.06 and a 12-month high of $13.43. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.85.

SolarWinds Profile

(Free Report)

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.

Read More

Want to see what other hedge funds are holding SWI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarWinds Co. (NYSE:SWIFree Report).

Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

Receive News & Ratings for SolarWinds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarWinds and related companies with MarketBeat.com's FREE daily email newsletter.