Thrivent Financial for Lutherans Purchases 44,268 Shares of SolarWinds Co. (NYSE:SWI)

Thrivent Financial for Lutherans increased its stake in shares of SolarWinds Co. (NYSE:SWI) by 37.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,431 shares of the software maker’s stock after acquiring an additional 44,268 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of SolarWinds worth $2,107,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of SWI. GAMMA Investing LLC raised its stake in 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 during the period. nVerses Capital LLC acquired a new stake in SolarWinds during the second quarter worth approximately $41,000. Allworth Financial LP grew its position in SolarWinds by 732.1% during the third quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock worth $49,000 after buying an additional 3,331 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SolarWinds during the second quarter worth approximately $58,000. Finally, Allspring Global Investments Holdings LLC grew its position in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after buying an additional 1,001 shares in the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Down 1.4 %

Shares of SWI opened at $13.14 on Thursday. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $14.02. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 59.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a fifty day moving average of $13.00 and a 200-day moving average of $12.38.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analysts’ expectations of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. SolarWinds’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.11 EPS. As a group, sell-side analysts anticipate that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SolarWinds news, Director William G. Bock sold 16,000 shares of the stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now directly owns 88,857 shares in the company, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jason Bliss sold 135,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $13.02, for a total value of $1,757,700.00. Following the sale, the insider now owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock valued at $4,703,780 in the last three months. Insiders own 1.95% of the company’s stock.

Wall Street Analyst Weigh In

SWI has been the topic of a number of research analyst reports. Scotiabank initiated 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. Robert W. Baird raised their target price on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.00.

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.