5 Cybersecurity Stocks Under $20

3. SolarWinds Corporation (NYSE:SWI)

Number of Hedge Fund Holders: 19

Share Price as of October 3: $7.75

SolarWinds Corporation (NYSE:SWI) is a Texas-based company that designs software for enterprises to help manage their networks, systems, and information technology infrastructure. On August 3, Truist analyst Terry Tillman reaffirmed a Hold rating on SolarWinds Corporation (NYSE:SWI) and lowered the price target on the shares to $10 from $15. The company’s Q2 results were robust and it is seeing good traction within its subscription products, with subscription revenue up 25% year-over-year, though his trimmed price target reflects slightly lower revenue and EBITDA estimates, the analyst told investors in a research note. SolarWinds Corporation (NYSE:SWI) is one of the best cybersecurity stocks under $20.

According to the second quarter database of Insider Monkey, 19 hedge funds held stakes worth $670 million in SolarWinds Corporation (NYSE:SWI), compared to 17 funds in the prior quarter worth $906 million. Jim Davidson, Dave Roux, and Glenn Hutchins’ Silver Lake Partners is the leading stakeholder of the company, with 61.5 million shares worth $630 million.