New Age Alpha Advisors LLC Purchases Shares of 84,378 SolarWinds Co. (NYSE:SWI)

New Age Alpha Advisors LLC acquired a new position in shares of SolarWinds Co. (NYSE:SWI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 84,378 shares of the software maker’s stock, valued at approximately $1,202,000.

Other large investors have also recently added to or reduced their stakes in the company. Intech Investment Management LLC purchased a new stake in SolarWinds during the 3rd quarter worth $155,000. Charles Schwab Investment Management Inc. lifted its stake in SolarWinds by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 454,454 shares of the software maker’s stock worth $5,931,000 after purchasing an additional 30,707 shares during the last quarter. FMR LLC boosted its holdings in shares of SolarWinds by 28.6% in the 3rd quarter. FMR LLC now owns 106,286 shares of the software maker’s stock valued at $1,387,000 after buying an additional 23,623 shares during the period. Public Sector Pension Investment Board acquired a new position in SolarWinds in the third quarter valued at approximately $1,496,000. Finally, Walleye Capital LLC acquired a new position in SolarWinds during the 3rd quarter valued at approximately $222,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Price Performance

Shares of SWI opened at $18.44 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market cap of $3.19 billion, a PE ratio of 29.26 and a beta of 0.93. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $18.55. The firm’s 50 day moving average price is $17.34 and its 200 day moving average price is $14.83.

SolarWinds (NYSE:SWI) last released its quarterly earnings results 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 return on equity of 12.19% and a net margin of 14.04%. As a group, research analysts expect that SolarWinds Co. will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Scotiabank boosted their target price on shares of SolarWinds from $15.00 to $18.50 and gave the company a “sector perform” rating in a research note on Monday, February 10th. Robert W. Baird boosted their price target on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Royal Bank of Canada raised their price objective on SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Wedbush lowered shares of SolarWinds from an “outperform” rating to a “neutral” rating and cut their price target for the company from $20.00 to $18.50 in a report on Friday, February 7th. Finally, Truist Financial reissued a “hold” rating and issued a $18.50 price objective (up from $13.00) on shares of SolarWinds in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.