UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 17,204 Shares of SolarWinds Co. (NYSE:SWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of SolarWinds Co. (NYSE:SWI) by 11.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 129,695 shares of the software maker’s stock after selling 17,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of SolarWinds worth $1,693,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after acquiring an additional 1,603 shares during the period. nVerses Capital LLC bought a new position in shares of SolarWinds in the second quarter valued at about $41,000. Allworth Financial LP lifted its stake in shares of SolarWinds by 732.1% during the 3rd 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds during the 2nd quarter worth about $58,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after acquiring an additional 1,001 shares during the period. Institutional investors and hedge funds own 93.96% of the company’s stock.

Insider Activity

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds 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 sale, the chief executive officer now directly owns 2,212,171 shares of the company’s stock, valued at approximately $30,262,499.28. This trade represents a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director William G. Bock sold 16,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total value of $210,080.00. Following the sale, the director now owns 88,857 shares in the company, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 351,000 shares of company stock worth $4,703,780. Corporate insiders own 1.95% of the company’s stock.

SolarWinds Stock Performance

SWI opened at $14.79 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. SolarWinds Co. has a 52-week low of $10.14 and a 52-week high of $14.94. The firm has a market cap of $2.52 billion, a P/E ratio of 67.23 and a beta of 0.96. The business’s fifty day moving average is $13.39 and its 200-day moving average is $12.60.

SolarWinds (NYSE:SWI) last issued its quarterly 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 company had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. Sell-side analysts expect that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWI. Scotiabank initiated coverage on SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock. Robert W. Baird upped their price objective on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.