SolarWinds Co. (NYSE:SWI) Shares Acquired by Cwm LLC

Cwm LLC lifted its holdings in shares of SolarWinds Co. (NYSE:SWI) by 91.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,222 shares of the software maker’s stock after purchasing an additional 8,242 shares during the quarter. Cwm LLC’s holdings in SolarWinds were worth $225,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in shares of SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock worth $27,000 after purchasing an additional 1,603 shares during the last quarter. nVerses Capital LLC acquired a new position in SolarWinds in the second quarter valued at $41,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SolarWinds in the second quarter valued at $58,000. Ameritas Investment Partners Inc. acquired a new position in SolarWinds in the first quarter valued at $62,000. Finally, Innealta Capital LLC acquired a new position in SolarWinds in the second quarter valued at $79,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SWI. Robert W. Baird reduced their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Scotiabank began coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.80.

SolarWinds Trading Down 1.2 %

NYSE:SWI opened at $12.76 on Wednesday. The business’s 50-day moving average is $12.72 and its two-hundred day moving average is $12.04. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. SolarWinds Co. has a 12 month low of $8.83 and a 12 month high of $13.45. The firm has a market capitalization of $2.15 billion, a PE ratio of 182.29 and a beta of 0.97.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, beating 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 company had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. During the same period last year, the company posted $0.12 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. Research analysts predict that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

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.