Atom Investors LP Lowers Stock Holdings in SolarWinds Co. (NYSE:SWI)

Atom Investors LP trimmed its holdings in shares of SolarWinds Co. (NYSE:SWI - Free Report) by 55.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 65,973 shares of the software maker's stock after selling 82,943 shares during the quarter. Atom Investors LP's holdings in SolarWinds were worth $861,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SWI. Dimensional Fund Advisors LP grew its holdings in SolarWinds by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker's stock worth $69,603,000 after acquiring an additional 461,061 shares during the last quarter. 272 Capital LP bought a new stake in SolarWinds during the 2nd quarter worth approximately $5,032,000. Principal Financial Group Inc. bought a new stake in SolarWinds during the 3rd quarter worth approximately $3,673,000. AQR Capital Management LLC lifted its position in shares of SolarWinds by 48.5% in the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker's stock worth $9,869,000 after purchasing an additional 269,578 shares during the period. Finally, Mcmorgan & Co. LLC acquired a new position in shares of SolarWinds in the 2nd quarter worth approximately $2,618,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Stock Up 5.9 %

SWI traded up $0.81 during trading on Wednesday, hitting $14.50. 960,530 shares of the company's stock were exchanged, compared to its average volume of 554,909. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The business's 50 day moving average is $13.06 and its two-hundred day moving average is $12.43. SolarWinds Co. has a fifty-two week low of $10.14 and a fifty-two week high of $14.53. The stock has a market cap of $2.47 billion, a P/E ratio of 62.28 and a beta of 0.96.

SolarWinds (NYSE:SWI - Get Free Report) last posted its 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. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The firm had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. During the same quarter in the prior year, the business posted $0.11 EPS. The business's revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SWI. Scotiabank initiated coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a "sector perform" rating and a $13.00 price target on the stock. Robert W. Baird boosted their target price on shares of 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, SolarWinds has a consensus rating of "Hold" and an average price target of $14.00.

Insider Transactions at SolarWinds

In other SolarWinds news, insider Jason Bliss sold 135,000 shares of the 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 completion of the transaction, the insider now owns 838,789 shares in the company, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 2,212,171 shares of the company's stock, valued at $30,262,499.28. This represents a 8.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 351,000 shares of company stock worth $4,703,780 in the last quarter. 1.95% of the stock is currently 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.