Jacobs Levy Equity Management Inc. Has $2.45 Million Stock Position in SolarWinds Co. (NYSE:SWI)

Jacobs Levy Equity Management Inc. lessened its holdings in SolarWinds Co. (NYSE:SWI) by 2.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 193,772 shares of the software maker’s stock after selling 4,763 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in SolarWinds were worth $2,445,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of SolarWinds by 11.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock worth $59,589,000 after buying an additional 508,280 shares during 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 valued at $35,853,000 after purchasing an additional 1,701,736 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of SolarWinds during the fourth quarter worth $5,420,000. Scalar Gauge Management LLC acquired a new stake in shares of SolarWinds during the fourth quarter worth $4,918,000. Finally, Quadrature Capital Ltd raised its stake in SolarWinds by 33.1% during the fourth quarter. Quadrature Capital Ltd now owns 30,087 shares of the software maker’s stock worth $376,000 after buying an additional 7,478 shares during the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird boosted their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.80.

SolarWinds Price Performance

Shares of NYSE:SWI opened at $11.93 on Thursday. SolarWinds Co. has a twelve month low of $8.83 and a twelve month high of $13.43. The stock’s 50 day moving average is $11.79 and its 200-day moving average is $11.88. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 170.43 and a beta of 0.97.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, May 2nd. The software maker reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. The firm had revenue of $193.31 million for the quarter, compared to analyst estimates of $189.74 million. SolarWinds had a net margin of 1.58% and a return on equity of 6.47%. Sell-side analysts forecast that SolarWinds Co. will post 0.69 EPS 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.