272 Capital LP Sells 67,206 Shares of SolarWinds Co. (NYSE:SWI)

272 Capital LP reduced its stake in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 16.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 350,427 shares of the software maker's stock after selling 67,206 shares during the quarter. SolarWinds accounts for approximately 2.4% of 272 Capital LP's holdings, making the stock its 13th largest holding. 272 Capital LP owned about 0.21% of SolarWinds worth $4,573,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC boosted its holdings in SolarWinds by 344.7% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker's stock valued at $27,000 after purchasing an additional 1,603 shares during the last quarter. nVerses Capital LLC acquired a new stake in SolarWinds in the second quarter valued at $41,000. Allworth Financial LP boosted its stake in SolarWinds by 732.1% during the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker's stock valued at $49,000 after acquiring an additional 3,331 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SolarWinds during the 2nd quarter worth $58,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of SolarWinds by 24.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker's stock worth $66,000 after purchasing an additional 1,001 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Stock Performance

NYSE SWI traded down $0.12 on Friday, hitting $14.72. The stock had a trading volume of 623,165 shares, compared to its average volume of 561,270. The company's 50-day moving average is $13.32 and its two-hundred day moving average is $12.55. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.93. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 66.91 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88.

SolarWinds (NYSE:SWI - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analysts' expectations of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, analysts expect that SolarWinds Co. will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

SWI has been the subject of several research analyst reports. Scotiabank started coverage on SolarWinds in a report on Friday, September 13th. They issued a "sector perform" rating and a $13.00 price objective for the company. Robert W. Baird upped their price target on SolarWinds from $14.00 to $15.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds currently has a consensus rating of "Hold" and a consensus target price of $14.00.

Insider Buying and Selling at SolarWinds

In related news, CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. This trade represents a 8.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jason Bliss sold 135,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 838,789 shares of the company's stock, valued at $10,921,032.78. This represents a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,000 shares of company stock valued at $4,703,780. 1.95% of the stock is owned by corporate 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.