SolarWinds Co. (NYSE:SWI) Shares Acquired by Brandes Investment Partners LP

Brandes Investment Partners LP grew its stake in shares of SolarWinds Co. (NYSE:SWI) by 12.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 371,636 shares of the software maker’s stock after acquiring an additional 40,643 shares during the quarter. Brandes Investment Partners LP’s holdings in SolarWinds were worth $4,424,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of SWI. nVerses Capital LLC purchased a new stake in SolarWinds during the second quarter valued at about $41,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SolarWinds during the second quarter valued at approximately $58,000. Ameritas Investment Partners Inc. purchased a new stake in shares of SolarWinds in the 1st quarter valued at approximately $62,000. Innealta Capital LLC acquired a new position in SolarWinds in the 2nd quarter worth approximately $79,000. Finally, CWM LLC grew its position in SolarWinds by 282.6% during the 2nd quarter. CWM LLC now owns 8,980 shares of the software maker’s stock worth $108,000 after purchasing an additional 6,633 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Trading Up 2.0 %

SolarWinds stock opened at $13.05 on Tuesday. SolarWinds Co. has a 12 month low of $8.83 and a 12 month high of $13.43. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The stock has a market cap of $2.21 billion, a P/E ratio of 186.43 and a beta of 0.97. The company’s fifty day simple moving average is $12.42 and its 200-day simple moving average is $11.97.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm had revenue of $193.30 million for the quarter, compared to the consensus estimate of $188.67 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that SolarWinds Co. will post 0.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SWI. Robert W. Baird reduced their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Scotiabank began coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $13.80.

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.