Fri Sep 20 07:43:13 UTC 2024: ## Victory Capital Management Trims SolarWinds Stake Amid Mixed Investor Sentiment

**New York, NY** – Victory Capital Management Inc. reduced its stake in SolarWinds Co. (NYSE:SWI) by 6.6% during the second quarter, according to recent SEC filings. The fund now owns 93,279 shares of the software maker, valued at $1,124,000.

This move comes amidst mixed investor sentiment towards SolarWinds, with some hedge funds increasing their holdings while others adjust their positions.

Dimensional Fund Advisors LP, for instance, boosted its stake by 11.9% in the fourth quarter, now owning 4,770,945 shares valued at $59,589,000. Meanwhile, TFO Wealth Partners LLC significantly increased its stake by 722,850.0% in the same period.

However, other investors, such as Rock Creek Group LP, have significantly boosted their stakes in SolarWinds.

Analysts remain cautiously optimistic about the company, with a consensus “Hold” rating and a target price of $13.80, according to MarketBeat.

SolarWinds recently exceeded earnings expectations, reporting $0.26 EPS for the quarter, exceeding the consensus estimate of $0.23 by $0.03.

Despite the positive earnings, the company’s stock opened at $12.83 on Friday, with a market cap of $2.17 billion, a PE ratio of 183.29, and a beta of 0.97.

Investors are closely watching SolarWinds’ performance as it navigates the evolving IT management software market.

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