SolarWinds Co. (NYSE:SWI) Shares Sold by 272 Capital LP

272 Capital LP lowered its holdings in shares of SolarWinds Co. (NYSE:SWI) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 350,427 shares of the software maker’s stock after selling 67,206 shares during the period. SolarWinds accounts for 2.4% of 272 Capital LP’s investment portfolio, making the stock its 13th largest holding. 272 Capital LP owned 0.21% of SolarWinds worth $4,573,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its position 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 buying an additional 461,061 shares during the last quarter. State Street Corp raised its position in SolarWinds by 57.5% during the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after buying an additional 800,467 shares during the last quarter. Geode Capital Management LLC raised its position in SolarWinds by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock worth $16,839,000 after buying an additional 16,730 shares during the last quarter. Scalar Gauge Management LLC raised its position in SolarWinds by 11.3% during the 2nd 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 last quarter. Finally, AQR Capital Management LLC increased its holdings 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 valued at $9,869,000 after purchasing an additional 269,578 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

Insiders Place Their Bets

In related news, insider Jason Bliss sold 135,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.02, for a total value of $1,757,700.00. Following the completion of the sale, the insider now directly owns 838,789 shares in the company, valued at approximately $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Bock sold 16,000 shares of the business’s 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 approximately $1,166,692.41. The trade was a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,000 shares of company stock valued at $4,703,780 in the last ninety days. Insiders own 1.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SWI. Scotiabank began coverage on shares of SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target for the company. Robert W. Baird increased their price target on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $14.00.

SolarWinds Stock Performance

NYSE:SWI opened at $14.84 on Friday. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm has a 50-day moving average price of $13.32 and a two-hundred day moving average price of $12.55. SolarWinds Co. has a twelve month low of $10.14 and a twelve month high of $14.93. The company has a market capitalization of $2.53 billion, a P/E ratio of 67.46 and a beta of 0.96.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating 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 the consensus estimate of $194.03 million. During the same period last year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, research analysts expect that SolarWinds Co. will post 0.74 earnings per share for the current fiscal 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.