Scalar Gauge Management LLC Acquires 75,000 Shares of SolarWinds Co. (NYSE:SWI)

Scalar Gauge Management LLC lifted its stake in SolarWinds Co. (NYSE:SWI) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 554,918 shares of the software maker’s stock after purchasing an additional 75,000 shares during the period. SolarWinds comprises about 3.7% of Scalar Gauge Management LLC’s investment portfolio, making the stock its 12th largest position. Scalar Gauge Management LLC owned 0.33% of SolarWinds worth $7,908,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC increased its position in SolarWinds by 170.1% during the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after purchasing an additional 59,532 shares during the period. Fisher Asset Management LLC bought a new position in SolarWinds in the fourth quarter worth approximately $13,886,000. Pacer Advisors Inc. boosted its position in SolarWinds by 18.5% during the 4th quarter. Pacer Advisors Inc. now owns 16,470 shares of the software maker’s stock valued at $235,000 after acquiring an additional 2,574 shares in the last quarter. State Street Corp raised its position in shares of SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after acquiring an additional 800,467 shares in the last quarter. Finally, Villanova Investment Management Co LLC lifted its stake in shares of SolarWinds by 42.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock worth $1,954,000 after purchasing an additional 44,839 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on SWI shares. Robert W. Baird boosted their price objective on shares of SolarWinds from $15.00 to $18.50 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Scotiabank upped their price target on SolarWinds from $15.00 to $18.50 and gave the stock a “sector perform” rating in a research report on Monday, February 10th. Truist Financial reissued a “hold” rating and issued a $18.50 price objective (up previously from $13.00) on shares of SolarWinds in a research report on Monday, February 10th. Wedbush lowered SolarWinds from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $20.00 to $18.50 in a research report on Friday, February 7th. Finally, Royal Bank of Canada increased their price target on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

SolarWinds Price Performance

NYSE SWI opened at $18.44 on Monday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 29.26 and a beta of 0.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.85 and a quick ratio of 0.71. The stock’s fifty day moving average price is $17.34 and its 200 day moving average price is $14.83. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $18.55.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Wednesday, February 12th. The software maker reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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, equities research analysts forecast that SolarWinds Co. will post 0.75 earnings per share for the current 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.