SolarWinds Co. (NYSE:SWI) Stock Holdings Trimmed by 272 Capital LP

272 Capital LP decreased its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 68.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,764 shares of the software maker's stock after selling 284,869 shares during the quarter. SolarWinds comprises about 1.9% of 272 Capital LP's investment portfolio, making the stock its 17th biggest position. 272 Capital LP owned about 0.08% of SolarWinds worth $1,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SWI. Dimensional Fund Advisors LP increased its position in SolarWinds by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock worth $69,603,000 after purchasing an additional 461,061 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of SolarWinds in the 3rd quarter valued at $3,673,000. AQR Capital Management LLC grew 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 valued at $9,869,000 after buying an additional 269,578 shares during the period. Mcmorgan & Co. LLC acquired a new stake in shares of SolarWinds during the 2nd quarter worth $2,618,000. Finally, Public Sector Pension Investment Board purchased a new position in shares of SolarWinds in the 3rd quarter worth $1,496,000. Hedge funds and other institutional investors own 93.96% of the company's stock.

Analyst Ratings Changes

SWI has been the subject of a number of research reports. Scotiabank assumed coverage on SolarWinds in a research report on Friday, September 13th. They set a "sector perform" rating and a $13.00 price target for the company. Robert W. Baird boosted their target price on SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Five analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.00.

SolarWinds Stock Up 1.6 %

NYSE SWI traded up $0.21 during trading hours on Friday, hitting $13.35. The company had a trading volume of 181,547 shares, compared to its average volume of 660,447. The firm's 50 day moving average is $13.03 and its 200 day moving average is $12.41. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 60.68 and a beta of 0.96. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $14.02. 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 - Get Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS 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 business had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same period last year, the business posted $0.11 EPS. The company's revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Insider Activity

In other SolarWinds news, Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the sale, the director now directly owns 88,857 shares in the company, valued at $1,166,692.41. The trade was a 15.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jason Bliss sold 135,000 shares of the company's stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.02, for a total value of $1,757,700.00. Following the completion of the transaction, the insider now directly owns 838,789 shares in the company, valued at approximately $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 351,000 shares of company stock worth $4,703,780. 1.95% of the stock is currently owned by company insiders.

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.