Scalar Gauge Management LLC Boosts Position in SolarWinds Co. (NYSE:SWI)

Scalar Gauge Management LLC raised its position in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 834,060 shares of the software maker's stock after purchasing an additional 85,000 shares during the quarter. SolarWinds accounts for approximately 5.8% of Scalar Gauge Management LLC's holdings, making the stock its 3rd biggest position. Scalar Gauge Management LLC owned about 0.49% of SolarWinds worth $10,050,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SWI. nVerses Capital LLC purchased a new position in SolarWinds during the second quarter valued at $41,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in SolarWinds in the 2nd quarter worth approximately $58,000. Ameritas Investment Partners Inc. bought a new stake in SolarWinds during the 1st quarter worth approximately $62,000. Innealta Capital LLC purchased a new position in SolarWinds during the second quarter valued at approximately $79,000. Finally, CWM LLC boosted its position in shares of SolarWinds by 282.6% in the second quarter. CWM LLC now owns 8,980 shares of the software maker's stock worth $108,000 after purchasing an additional 6,633 shares during the period. Institutional investors own 93.96% of the company's stock.

SolarWinds Price Performance

SWI stock traded down $0.05 during mid-day trading on Tuesday, hitting $12.82. The company had a trading volume of 97,995 shares, compared to its average volume of 564,994. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 183.86 and a beta of 0.97. The company has a 50-day moving average price of $12.31 and a 200 day moving average price of $11.95. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. SolarWinds Co. has a 12-month low of $8.83 and a 12-month high of $13.43.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $193.30 million during the quarter, compared to analysts' expectations of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. On average, research analysts anticipate that SolarWinds Co. will post 0.71 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Scotiabank began coverage on shares of SolarWinds in a report on Friday, September 13th. They issued a "sector perform" rating and a $13.00 target price for the company. Robert W. Baird dropped their price objective on SolarWinds from $15.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, August 2nd. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, SolarWinds presently has an average rating of "Hold" and an average target price of $13.80.

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.