11,843 Shares in SolarWinds Co. (NYSE:SWI) Bought by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of SolarWinds Co. (NYSE:SWI) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,843 shares of the software maker’s stock, valued at approximately $155,000.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC increased its position in 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 buying an additional 1,603 shares in the last quarter. nVerses Capital LLC purchased a new position in SolarWinds during the second quarter worth $41,000. Allworth Financial LP increased 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. purchased a new position in SolarWinds during the second quarter worth $58,000. Finally, Allspring Global Investments Holdings LLC increased 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. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Insiders Place Their Bets

In other SolarWinds news, CEO Sudhakar Ramakrishna sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at $30,262,499.28. This represents a 8.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 838,789 shares of the company’s stock, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 351,000 shares of company stock worth $4,703,780 over the last ninety days. Company insiders own 1.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SWI. Robert W. Baird lifted their price objective on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Scotiabank began coverage on SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.00.

SolarWinds Price Performance

SWI stock opened at $14.51 on Friday. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $14.71. The company has a market cap of $2.47 billion, a PE ratio of 65.96 and a beta of 0.96. The stock has a 50-day moving average price of $13.17 and a two-hundred day moving average price of $12.48. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88.

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

About SolarWinds

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.