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

Watershed Asset Management L.L.C. bought a new position in SolarWinds Co. (NYSE:SWI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 24,911 shares of the software maker’s stock, valued at approximately $311,000.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of SolarWinds by 0.9% during the third quarter. Vanguard Group Inc. now owns 5,991,404 shares of the software maker’s stock valued at $56,559,000 after purchasing an additional 56,364 shares in the last quarter. Voss Capital LLC boosted its stake in shares of SolarWinds by 145.6% in the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after buying an additional 1,701,736 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of SolarWinds by 5.4% in the third quarter. Wellington Management Group LLP now owns 1,618,818 shares of the software maker’s stock valued at $15,282,000 after acquiring an additional 82,602 shares in the last quarter. Foundry Partners LLC purchased a new stake in shares of SolarWinds during the fourth quarter valued at approximately $5,420,000. Finally, Brandes Investment Partners LP lifted its holdings in SolarWinds by 19.4% during the third quarter. Brandes Investment Partners LP now owns 224,656 shares of the software maker’s stock worth $2,121,000 after acquiring an additional 36,504 shares during the period. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

Shares of NYSE:SWI traded up $0.18 during trading on Tuesday, hitting $11.17. 313,719 shares of the company were exchanged, compared to its average volume of 450,973. SolarWinds Co. has a 52-week low of $8.06 and a 52-week high of $13.43. The stock has a 50 day moving average of $11.91 and a 200 day moving average of $11.53. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $1.88 billion, a PE ratio of -223.30 and a beta of 0.97.

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

SolarWinds Dividend Announcement

The company 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 was Tuesday, April 2nd.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Truist Financial initiated coverage on SolarWinds in a research note on Wednesday, March 6th. They set a “hold” rating and a $13.00 target price on the stock. JPMorgan Chase & Co. started coverage on SolarWinds in a report on Thursday, February 1st. They set a “neutral” rating and a $14.00 price objective for the company. Finally, Royal Bank of Canada upped their price target on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Four research analysts have rated the stock with a hold rating, According to MarketBeat, SolarWinds has a consensus rating of “Hold” and a consensus price target 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.