William G. Bock Sells 16,000 Shares of SolarWinds Co. (NYSE:SWI) Stock

SolarWinds Co. (NYSE:SWI) Director William G. Bock sold 16,000 shares of SolarWinds stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares of the company’s stock, valued at $1,166,692.41. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

SolarWinds Stock Performance

NYSE:SWI opened at $13.58 on Friday. The firm has a market capitalization of $2.32 billion, a PE ratio of 61.73 and a beta of 0.96. The business’s fifty day moving average price is $12.81 and its 200 day moving average price is $12.22. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.62. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $14.02.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share. On average, sell-side analysts anticipate that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarWinds

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in shares of SolarWinds by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,776,309 shares of the software maker’s stock worth $69,603,000 after purchasing an additional 461,061 shares during the last quarter. Scalar Gauge Management LLC boosted its stake in shares of SolarWinds by 11.3% during the second quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker’s stock worth $10,050,000 after buying an additional 85,000 shares during the period. AQR Capital Management LLC boosted its stake in shares of SolarWinds by 48.5% during the second quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock worth $9,869,000 after buying an additional 269,578 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of SolarWinds by 4.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker’s stock worth $7,389,000 after buying an additional 25,416 shares during the period. Finally, Federated Hermes Inc. boosted its stake in shares of SolarWinds by 0.4% during the second quarter. Federated Hermes Inc. now owns 560,015 shares of the software maker’s stock worth $6,748,000 after buying an additional 2,491 shares during the period. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

SWI has been the subject of several research reports. Robert W. Baird boosted their price target on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Scotiabank initiated coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target for the company. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds presently has an average rating of “Hold” and an average target price of $14.00.

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.