SolarWinds Co. (NYSE:SWI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of SolarWinds Co. (NYSE:SWI) by 26.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,127 shares of the software maker’s stock after purchasing an additional 5,193 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in SolarWinds were worth $314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in SolarWinds by 118.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,461 shares of the software maker’s stock worth $52,000 after buying an additional 2,957 shares during the last quarter. New York State Teachers Retirement System purchased a new position in SolarWinds during the 4th quarter worth $57,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in SolarWinds by 185.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock worth $84,000 after buying an additional 5,793 shares during the last quarter. AXQ Capital LP purchased a new position in SolarWinds during the 3rd quarter worth $103,000. Finally, Barclays PLC raised its position in SolarWinds by 9.7% during the 3rd quarter. Barclays PLC now owns 20,820 shares of the software maker’s stock worth $197,000 after buying an additional 1,842 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

SWI has been the subject of a number of analyst reports. Royal Bank of Canada upped 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. Truist Financial initiated coverage on shares of SolarWinds in a report on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price target for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of SolarWinds in a report on Thursday, February 1st. They issued a “neutral” rating and a $14.00 price target for the company. Four analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds currently has an average rating of “Hold” and a consensus price target of $13.50.

SolarWinds Stock Performance

Shares of SWI opened at $11.12 on Friday. The company has a 50-day simple moving average of $11.81 and a 200-day simple moving average of $11.55. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $1.87 billion, a PE ratio of -222.40 and a beta of 0.97. SolarWinds Co. has a 52-week low of $8.39 and a 52-week high of $13.43.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The firm had revenue of $198.14 million for the quarter, compared to analysts’ expectations of $190.54 million. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. Equities research 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. Investors of record on Wednesday, April 3rd were paid a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, April 2nd.

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.