Wealth Enhancement Advisory Services LLC Acquires 978 Shares of SolarWinds Co. (NYSE:SWI)

Wealth Enhancement Advisory Services LLC boosted its holdings in SolarWinds Co. (NYSE:SWI) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,592 shares of the software maker’s stock after buying an additional 978 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in SolarWinds were worth $222,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in shares of SolarWinds by 4.3% during the fourth quarter. Rhumbline Advisers now owns 166,644 shares of the software maker’s stock valued at $2,375,000 after purchasing an additional 6,862 shares during the period. Principal Financial Group Inc. raised its stake in shares of SolarWinds by 4.4% in the fourth quarter. Principal Financial Group Inc. now owns 293,855 shares of the software maker’s stock valued at $4,187,000 after purchasing an additional 12,428 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of SolarWinds in the fourth quarter valued at $7,446,000. Bank of New York Mellon Corp raised its stake in shares of SolarWinds by 2.2% in the fourth quarter. Bank of New York Mellon Corp now owns 429,747 shares of the software maker’s stock valued at $6,124,000 after purchasing an additional 9,409 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of SolarWinds in the fourth quarter valued at $160,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Stock Performance

Shares of NYSE SWI opened at $18.49 on Tuesday. The business has a fifty day simple moving average of $18.49 and a 200 day simple moving average of $17.04. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.35 and a beta of 0.88. SolarWinds Co. has a one year low of $10.14 and a one year high of $18.55.

SolarWinds Company 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.