SolarWinds Co. (NYSE:SWI) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of SolarWinds Co. (NYSE:SWIFree Report) by 33.9% during the third quarter, Holdings Channel reports. The fund owned 134,486 shares of the software maker’s stock after acquiring an additional 34,074 shares during the period. Victory Capital Management Inc.’s holdings in SolarWinds were worth $1,270,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in SolarWinds by 96.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,517 shares of the software maker’s stock worth $26,000 after purchasing an additional 1,237 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SolarWinds during the second quarter worth approximately $32,000. Ensign Peak Advisors Inc acquired a new stake in SolarWinds in the third quarter valued at approximately $40,000. Allspring Global Investments Holdings LLC lifted its stake in SolarWinds by 118.1% in 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 during the last quarter. Finally, US Bancorp DE grew its holdings in SolarWinds by 3,591.5% during the 1st 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

SWI has been the subject of several recent analyst reports. TheStreet raised shares of SolarWinds from a “d+” rating to a “c-” rating in a research report on Wednesday, December 13th. Royal Bank of Canada lifted their price target on SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a report on Friday. JPMorgan Chase & Co. initiated coverage on SolarWinds in a report on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price objective on the stock. Finally, Truist Financial boosted their target price on SolarWinds from $11.00 to $13.00 and gave the stock a “hold” rating in a research note on Friday. Four investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.50.

Check Out Our Latest Analysis on SolarWinds

SolarWinds Stock Performance

NYSE SWI opened at $13.09 on Monday. The company has a fifty day moving average of $11.98 and a two-hundred day moving average of $10.97. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.83 and a quick ratio of 0.83. SolarWinds Co. has a 1 year low of $8.06 and a 1 year high of $13.43. The company has a market capitalization of $2.17 billion, a PE ratio of -261.80 and a beta of 0.98.

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.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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