Meritage Portfolio Management Has $1.37 Million Holdings in SolarWinds Co. (NYSE:SWI)

Meritage Portfolio Management boosted its holdings in SolarWinds Co. (NYSE:SWI) by 245.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,154 shares of the software maker’s stock after purchasing an additional 68,281 shares during the quarter. Meritage Portfolio Management owned 0.06% of SolarWinds worth $1,370,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SWI. GAMMA Investing LLC raised its position in shares of SolarWinds by 344.7% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after buying an additional 1,603 shares in the last quarter. R Squared Ltd bought a new position in SolarWinds during the 4th quarter worth $38,000. Allworth Financial LP raised its holdings in SolarWinds by 732.1% in the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after acquiring an additional 3,331 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,001 shares during the period. Finally, West Tower Group LLC grew its holdings in shares of SolarWinds by 38.3% during the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock worth $94,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on SWI. 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 Friday, November 1st. Scotiabank boosted their target price on shares of SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 21st. Royal Bank of Canada increased their price target on shares of SolarWinds from $13.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 21st. Finally, Wedbush assumed coverage on shares of SolarWinds in a research report on Thursday, December 19th. They set an “outperform” rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, SolarWinds presently has an average rating of “Hold” and a consensus target price of $15.80.

SolarWinds Stock Up 1.4 %

SWI stock opened at $15.20 on Thursday. The firm has a 50-day moving average price of $14.33 and a 200-day moving average price of $13.27. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $15.31. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $2.59 billion, a P/E ratio of 69.07 and a beta of 0.94.

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.