17,033 Shares in SolarWinds Co. (NYSE:SWI) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in SolarWinds Co. (NYSE:SWI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,033 shares of the software maker’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in shares of SolarWinds by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock valued at $69,603,000 after purchasing an additional 461,061 shares during the period. 272 Capital LP acquired a new stake in shares of SolarWinds in the second quarter valued at approximately $5,032,000. Principal Financial Group Inc. bought a new position in shares of SolarWinds during the 3rd quarter worth approximately $3,673,000. AQR Capital Management LLC increased its holdings in shares of SolarWinds by 48.5% during the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock worth $9,869,000 after acquiring an additional 269,578 shares during the last quarter. Finally, Mcmorgan & Co. LLC bought a new position in SolarWinds during the second quarter worth $2,618,000. 93.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Robert W. Baird raised their price target on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Scotiabank assumed coverage on shares of SolarWinds in a research report on Friday, September 13th. They set 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 MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $14.00.

Insider Activity

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,171 shares in the company, valued at $30,262,499.28. This trade represents a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Bliss sold 135,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were 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 in the company, valued at $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. Over the last three months, insiders have sold 351,000 shares of company stock valued at $4,703,780. 1.95% of the stock is currently owned by corporate insiders.

SolarWinds Trading Up 0.3 %

SWI opened at $14.41 on Wednesday. The company’s 50 day moving average is $13.23 and its 200-day moving average is $12.52. The company has a market cap of $2.46 billion, a P/E ratio of 65.50 and a beta of 0.96. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $14.71. 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 posted 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. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The firm had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that SolarWinds Co. will post 0.74 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.