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Barclays PLC Grows Holdings in SolarWinds Co. (NYSE:SWI)

SolarWinds logo with Computer and Technology background

Barclays PLC lifted its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 170.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 94,530 shares of the software maker's stock after purchasing an additional 59,532 shares during the period. Barclays PLC owned about 0.06% of SolarWinds worth $1,233,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of SWI. GAMMA Investing LLC boosted its stake in SolarWinds by 344.7% during the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock worth $27,000 after buying an additional 1,603 shares during the last quarter. Allworth Financial LP increased its position in shares of SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock worth $49,000 after purchasing an additional 3,331 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock valued at $66,000 after buying an additional 1,001 shares during the period. West Tower Group LLC lifted its position in SolarWinds by 38.3% in the third quarter. West Tower Group LLC now owns 7,221 shares of the software maker's stock valued at $94,000 after buying an additional 2,000 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in SolarWinds by 74.5% during the second quarter. Point72 Asset Management L.P. now owns 9,425 shares of the software maker's stock worth $114,000 after buying an additional 4,025 shares during the period. Institutional investors and hedge funds own 93.96% of the company's stock.

Insiders Place Their Bets

In other SolarWinds news, CEO Sudhakar Ramakrishna sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the sale, the chief executive officer now owns 2,212,171 shares of the company's stock, valued at approximately $30,262,499.28. This trade represents a 8.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason Bliss sold 135,000 shares of the company's stock in a transaction on Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the transaction, the insider now owns 838,789 shares of the company's stock, valued at approximately $10,921,032.78. The trade was a 13.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 351,000 shares of company stock worth $4,703,780 in the last 90 days. Corporate insiders own 1.95% of the company's stock.

SolarWinds Stock Up 2.3 %

SWI traded up $0.31 during trading hours on Tuesday, hitting $13.84. 310,749 shares of the company's stock were exchanged, compared to its average volume of 477,806. The firm has a market cap of $2.36 billion, a P/E ratio of 62.91 and a beta of 0.94. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $14.94. The firm has a 50 day moving average of $13.92 and a 200 day moving average of $12.95.

SolarWinds (NYSE:SWI - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping 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 company had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the prior year, the business earned $0.11 EPS. SolarWinds's revenue was up 5.5% on a year-over-year basis. Analysts predict that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Wedbush began coverage on shares of SolarWinds in a report on Thursday, December 19th. They issued an "outperform" rating and a $20.00 price objective on the stock. Robert W. Baird upped their price target on SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, SolarWinds presently has a consensus rating of "Hold" and a consensus target price of $15.00.

View Our Latest Analysis on SolarWinds

About SolarWinds

(Free Report)

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.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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