SolarWinds Co. (NYSE:SWI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of SolarWinds Co. (NYSE:SWI) by 3.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 160,203 shares of the software maker’s stock after selling 6,441 shares during the quarter. Rhumbline Advisers owned 0.09% of SolarWinds worth $2,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in SolarWinds by 2.9% in the 4th quarter. Vanguard Group Inc. now owns 6,865,366 shares of the software maker’s stock valued at $97,831,000 after acquiring an additional 192,198 shares during the period. Dimensional Fund Advisors LP grew its stake in SolarWinds by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,698,697 shares of the software maker’s stock valued at $95,456,000 after acquiring an additional 433,905 shares during the period. Voss Capital LP grew its stake in SolarWinds by 3.3% in the 4th quarter. Voss Capital LP now owns 4,492,541 shares of the software maker’s stock valued at $64,019,000 after acquiring an additional 142,541 shares during the period. Wellington Management Group LLP grew its stake in SolarWinds by 93.3% in the 4th quarter. Wellington Management Group LLP now owns 2,174,522 shares of the software maker’s stock valued at $30,987,000 after acquiring an additional 1,049,310 shares during the period. Finally, Fisher Asset Management LLC acquired a new stake in SolarWinds in the 4th quarter valued at $13,886,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Stock Performance

Shares of SWI stock opened at $18.49 on Monday. The stock’s fifty day moving average is $18.49 and its two-hundred day moving average is $17.01. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.71 and a current ratio of 0.85. The firm has a market capitalization of $3.20 billion, a P/E ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $18.55.

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.