Allspring Global Investments Holdings LLC Has $134,000 Position in SolarWinds Co. (NYSE:SWI)

Allspring Global Investments Holdings LLC raised its stake in SolarWinds Co. (NYSE:SWI) by 28.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,633 shares of the software maker’s stock after purchasing an additional 2,343 shares during the period. Allspring Global Investments Holdings LLC’s holdings in SolarWinds were worth $134,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SWI. New York State Teachers Retirement System bought a new stake in SolarWinds in the 4th quarter valued at about $57,000. Quest Partners LLC acquired a new position in shares of SolarWinds during the fourth quarter worth approximately $129,000. TFO Wealth Partners LLC lifted its holdings in shares of SolarWinds by 722,850.0% in the 4th quarter. TFO Wealth Partners LLC now owns 14,459 shares of the software maker’s stock worth $181,000 after purchasing an additional 14,457 shares in the last quarter. Watershed Asset Management L.L.C. acquired a new stake in SolarWinds in the 4th quarter valued at $311,000. Finally, Meritage Portfolio Management bought a new stake in SolarWinds during the 1st quarter valued at $315,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird lifted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, SolarWinds currently has an average rating of “Hold” and an average price target of $13.80.

SolarWinds Price Performance

SWI opened at $11.73 on Friday. SolarWinds Co. has a 1 year low of $8.83 and a 1 year high of $13.43. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 167.57 and a beta of 0.97. The firm’s fifty day moving average price is $11.81 and its two-hundred day moving average price is $11.90.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $193.31 million for the quarter, compared to analysts’ expectations of $189.74 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. As a group, analysts anticipate that SolarWinds Co. will post 0.69 earnings per share for the current fiscal year.

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.