Barclays PLC Has $1.23 Million Stake in SolarWinds Co. (NYSE:SWI)

Barclays PLC raised its position in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 170.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,530 shares of the software maker's stock after acquiring an additional 59,532 shares during the period. Barclays PLC owned approximately 0.06% of SolarWinds worth $1,233,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in SolarWinds by 8.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock valued at $69,603,000 after purchasing an additional 461,061 shares during the period. State Street Corp grew its stake in shares of SolarWinds by 57.5% in the third quarter. State Street Corp now owns 2,193,026 shares of the software maker's stock valued at $28,619,000 after buying an additional 800,467 shares in the last quarter. Scalar Gauge Management LLC raised its holdings in shares of SolarWinds by 11.3% during the 2nd quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker's stock valued at $10,050,000 after buying an additional 85,000 shares during the period. AQR Capital Management LLC lifted its position in SolarWinds by 48.5% during the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker's stock worth $9,869,000 after acquiring an additional 269,578 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in SolarWinds by 4.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker's stock worth $7,389,000 after acquiring an additional 25,416 shares during the period. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Down 0.6 %

Shares of SWI stock traded down $0.08 during trading hours on Monday, hitting $14.21. 299,860 shares of the company were exchanged, compared to its average volume of 563,847. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 64.59 and a beta of 0.96. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.94. The business's 50-day simple moving average is $13.62 and its two-hundred day simple moving average is $12.77.

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, beating analysts' consensus estimates of $0.25 by $0.02. The business had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The business's quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS. Sell-side analysts predict that SolarWinds Co. will post 0.74 EPS for the current fiscal year.

Insider Activity at SolarWinds

In other news, Director William G. Bock sold 16,000 shares of the business's 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 completion of the transaction, the director now directly owns 88,857 shares in the company, valued at approximately $1,166,692.41. The trade was a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares of the company's stock, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock valued at $4,703,780 in the last quarter. Insiders own 1.95% of the company's stock.

Wall Street Analysts Forecast Growth

SWI has been the topic of a number of recent research reports. Robert W. Baird boosted their target price on shares of SolarWinds from $14.00 to $15.00 and gave the stock a "neutral" rating in a research report on Friday, November 1st. Scotiabank started coverage on shares of SolarWinds in a research note on Friday, September 13th. They set a "sector perform" rating and a $13.00 price target on the stock. Finally, Wedbush began coverage on shares of SolarWinds in a research report on Thursday, December 19th. They issued an "outperform" rating and a $20.00 price objective for the company. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, SolarWinds presently has an average rating of "Hold" and a consensus target price of $15.00.

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.