Cubist Systematic Strategies LLC Reduces Stock Holdings in SolarWinds Co. (NYSE:SWI)

Cubist Systematic Strategies LLC decreased its position in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 90.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,567 shares of the software maker's stock after selling 139,224 shares during the quarter. Cubist Systematic Strategies LLC's holdings in SolarWinds were worth $176,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in SolarWinds by 8.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock valued at $69,603,000 after buying an additional 461,061 shares during the period. 272 Capital LP purchased a new stake in SolarWinds in the 2nd quarter valued at about $5,032,000. AQR Capital Management LLC raised its holdings in SolarWinds by 48.5% in 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 purchased a new stake in SolarWinds in the 2nd quarter valued at about $2,618,000. Finally, Dark Forest Capital Management LP purchased a new stake in SolarWinds in the 2nd quarter valued at about $1,167,000. Institutional investors and hedge funds own 93.96% of the company's stock.

Analyst Upgrades and Downgrades

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

SolarWinds Trading Down 0.6 %

NYSE:SWI traded down $0.07 on Tuesday, reaching $12.80. 327,943 shares of the company's stock were exchanged, compared to its average volume of 549,216. The business has a fifty day moving average of $12.67 and a 200-day moving average of $12.00. 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 52-week low of $8.83 and a 52-week high of $13.43. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 182.86 and a beta of 0.97.

SolarWinds (NYSE:SWI - Get Free Report) last released its earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.03. The firm had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The business's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, analysts expect that SolarWinds Co. will post 0.71 earnings per share for the current year.

About SolarWinds

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.