Jane Street Group LLC Increases Stock Position in SolarWinds Co. (NYSE:SWI)

Jane Street Group LLC raised its stake in shares of SolarWinds Co. (NYSE:SWI) by 9.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 87,488 shares of the software maker’s stock after purchasing an additional 7,506 shares during the quarter. Jane Street Group LLC owned 0.05% of SolarWinds worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SWI. Allspring Global Investments Holdings LLC lifted its holdings in shares of SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after acquiring an additional 1,001 shares during the last quarter. Quantinno Capital Management LP raised its position in SolarWinds by 2.5% during the third quarter. Quantinno Capital Management LP now owns 48,198 shares of the software maker’s stock valued at $629,000 after purchasing an additional 1,184 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,603 shares during the last quarter. Banque Cantonale Vaudoise boosted its holdings in shares of SolarWinds by 1.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock worth $1,884,000 after purchasing an additional 1,793 shares in the last quarter. Finally, West Tower Group LLC increased its position in shares of SolarWinds by 38.3% during the 3rd quarter. West Tower Group LLC now owns 7,221 shares of the software maker’s stock valued at $94,000 after purchasing an additional 2,000 shares during the last quarter. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Insider Transactions at SolarWinds

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 transaction of $2,736,000.00. Following the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 16,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total value 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 15.26 % decrease in their position. 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. 1.95% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SWI shares. Scotiabank assumed coverage on SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price for the company. Robert W. Baird upped their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Wedbush started coverage on shares of SolarWinds in a research report on Thursday, December 19th. They issued an “outperform” rating and a $20.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.00.

SolarWinds Stock Down 1.1 %

Shares of NYSE SWI opened at $14.29 on Monday. The firm’s fifty day moving average is $13.62 and its 200 day moving average is $12.76. SolarWinds Co. has a 52 week low of $10.14 and a 52 week high of $14.94. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 64.96 and a beta of 0.96.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.11 earnings per share. On average, equities research analysts expect that SolarWinds Co. will post 0.74 earnings per share 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.