Wealth Enhancement Advisory Services LLC Invests $191,000 in SolarWinds Co. (NYSE:SWI)

Wealth Enhancement Advisory Services LLC acquired a new stake in SolarWinds Co. (NYSE:SWI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,614 shares of the software maker’s stock, valued at approximately $191,000.

A number of other institutional investors also recently bought and sold shares of the stock. Louisiana State Employees Retirement System purchased a new position in SolarWinds in the 3rd quarter worth $342,000. Allworth Financial LP lifted its holdings in shares of 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 purchasing an additional 3,331 shares during the period. Allspring Global Investments Holdings LLC boosted its position in SolarWinds by 24.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after buying an additional 1,001 shares during the last quarter. CWM LLC increased its holdings in SolarWinds by 91.8% in the 3rd quarter. CWM LLC now owns 17,222 shares of the software maker’s stock worth $225,000 after buying an additional 8,242 shares during the period. Finally, GAMMA Investing LLC raised its position in SolarWinds by 344.7% during the 3rd 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 during the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Price Performance

NYSE:SWI opened at $13.48 on Wednesday. The company has a 50 day moving average price of $12.84 and a 200-day moving average price of $12.26. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $14.02. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 61.27 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.62.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data 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 business had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities research analysts forecast that SolarWinds Co. will post 0.74 EPS for the current year.

Insider Buying and Selling at SolarWinds

In other news, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 88,857 shares of the company’s stock, valued at $1,166,692.41. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In other SolarWinds news, insider Jason Bliss sold 135,000 shares of the business’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 transaction of $1,757,700.00. Following the completion of the sale, the insider now directly owns 838,789 shares in the company, valued at approximately $10,921,032.78. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Bock sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the transaction, the director now directly owns 88,857 shares of the company’s stock, valued at $1,166,692.41. The trade was a 0.00 % decrease in their position. 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. Company insiders own 1.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SWI shares. Scotiabank initiated coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective on the stock. Robert W. Baird increased 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. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $14.00.

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.