Fmr LLC Boosts Stock Position in SolarWinds Co. (NYSE:SWI)

Fmr LLC lifted its holdings in shares of SolarWinds Co. (NYSE:SWI) by 28.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,286 shares of the software maker’s stock after buying an additional 23,623 shares during the period. Fmr LLC owned about 0.06% of SolarWinds worth $1,387,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SWI. Dimensional Fund Advisors LP raised its stake in shares of SolarWinds by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock worth $69,603,000 after buying an additional 461,061 shares in the last quarter. 272 Capital LP purchased a new position in shares of SolarWinds during the 2nd quarter worth approximately $5,032,000. Principal Financial Group Inc. purchased a new position in shares of SolarWinds during the 3rd quarter worth approximately $3,673,000. AQR Capital Management LLC raised its stake 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 buying an additional 269,578 shares in the last quarter. Finally, Mcmorgan & Co. LLC purchased a new position in shares of SolarWinds during the 2nd quarter worth approximately $2,618,000. 93.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SolarWinds

In other SolarWinds news, insider Jason Bliss sold 135,000 shares of the stock in a transaction 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 sale, the insider now owns 838,789 shares in the company, valued at approximately $10,921,032.78. This represents a 13.86 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. This trade represents a 8.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 351,000 shares of company stock worth $4,703,780. 1.95% of the stock is owned by insiders.

SolarWinds Stock Performance

NYSE SWI opened at $14.72 on Monday. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $14.93. The company has a market capitalization of $2.51 billion, a P/E ratio of 66.91 and a beta of 0.96. The business has a 50 day moving average price of $13.35 and a 200 day moving average price of $12.58. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. During the same period last year, the business posted $0.11 EPS. SolarWinds’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts expect that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

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