Watershed Asset Management L.L.C. Takes $311,000 Position in SolarWinds Co. (NYSE:SWI)

Watershed Asset Management L.L.C. bought a new position in shares of SolarWinds Co. (NYSE:SWI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 24,911 shares of the software maker’s stock, valued at approximately $311,000.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of SolarWinds in the third quarter valued at approximately $214,000. Voss Capital LLC raised its position in SolarWinds by 111.5% in the 3rd quarter. Voss Capital LLC now owns 1,168,839 shares of the software maker’s stock valued at $11,034,000 after purchasing an additional 616,274 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in SolarWinds by 185.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,925 shares of the software maker’s stock worth $84,000 after purchasing an additional 5,793 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 purchasing an additional 2,957 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of SolarWinds in the third quarter valued at $495,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Trading Up 1.7 %

NYSE:SWI traded up $0.18 on Tuesday, hitting $11.17. 313,719 shares of the stock were exchanged, compared to its average volume of 450,973. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -223.30 and a beta of 0.97. 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 $8.06 and a 52 week high of $13.43. The company’s 50-day moving average price is $11.91 and its 200 day moving average price is $11.53.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. SolarWinds had a negative net margin of 1.20% and a positive return on equity of 5.08%. The business had revenue of $198.14 million for the quarter, compared to analyst estimates of $190.54 million. On average, equities research analysts forecast that SolarWinds Co. will post 0.62 earnings per share for the current year.

SolarWinds Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SWI. Royal Bank of Canada upped their price target 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. JPMorgan Chase & Co. began coverage on shares of SolarWinds in a research note on Thursday, February 1st. They set a “neutral” rating and a $14.00 price target on the stock. Finally, Truist Financial started coverage on shares of SolarWinds in a research report on Wednesday, March 6th. They issued a “hold” rating and a $13.00 price objective for the company. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.50.

SolarWinds Company 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.