State of Alaska Department of Revenue Decreases Stock Holdings in SolarWinds Co. (NYSE:SWI)

State of Alaska Department of Revenue decreased its position in SolarWinds Co. (NYSE:SWI) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,427 shares of the software maker’s stock after selling 594 shares during the quarter. State of Alaska Department of Revenue’s holdings in SolarWinds were worth $560,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of SWI. Rhumbline Advisers boosted its stake in shares of SolarWinds by 4.3% during the 4th 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 in the last quarter. Principal Financial Group Inc. boosted its stake in shares of SolarWinds by 4.4% during the 4th 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. Bank of New York Mellon Corp boosted its stake in shares of SolarWinds by 2.2% during the 4th 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. Proficio Capital Partners LLC bought a new stake in shares of SolarWinds during the 4th quarter valued at about $160,000. Finally, Fisher Asset Management LLC bought a new stake in shares of SolarWinds during the 4th quarter valued at about $13,886,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

Shares of SWI opened at $18.49 on Friday. The firm’s 50-day moving average price is $18.49 and its 200-day moving average price is $17.29. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 29.35 and a beta of 0.88. The company has a current ratio of 0.85, a quick ratio of 0.71 and a debt-to-equity ratio of 0.85. SolarWinds Co. has a 1-year low of $10.14 and a 1-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.