Lombard Odier Asset Management USA Corp Purchases Shares of 37,851 SolarWinds Co. (NYSE:SWI)

Lombard Odier Asset Management USA Corp acquired a new position in SolarWinds Co. (NYSE:SWI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 37,851 shares of the software maker’s stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SWI. Dimensional Fund Advisors LP lifted its stake in SolarWinds by 11.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock valued at $59,589,000 after buying an additional 508,280 shares during the period. Trexquant Investment LP boosted its stake in SolarWinds by 3.6% during the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock worth $398,000 after acquiring an additional 1,106 shares in the last quarter. Quest Partners LLC acquired a new stake in SolarWinds in the fourth quarter worth $129,000. TFO Wealth Partners LLC increased its stake in SolarWinds by 722,850.0% in the fourth quarter. TFO Wealth Partners LLC now owns 14,459 shares of the software maker’s stock valued at $181,000 after purchasing an additional 14,457 shares in the last quarter. Finally, Rock Creek Group LP raised its holdings in shares of SolarWinds by 244.9% during the fourth quarter. Rock Creek Group LP now owns 150,000 shares of the software maker’s stock valued at $1,874,000 after purchasing an additional 106,503 shares during the period. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Trading Up 0.2 %

SWI opened at $12.86 on Monday. SolarWinds Co. has a fifty-two week low of $8.83 and a fifty-two week high of $13.43. The firm has a market capitalization of $2.18 billion, a PE ratio of 183.71 and a beta of 0.97. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day moving average is $12.29 and its 200 day moving average is $11.94.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm had revenue of $193.30 million during the quarter, compared to the consensus estimate of $188.67 million. During the same period in the prior year, the business posted $0.12 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts predict that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Robert W. Baird reduced their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Scotiabank assumed coverage on SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.80.

SolarWinds 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.