Rhumbline Advisers Buys 6,619 Shares of SolarWinds Co. (NYSE:SWI)

Rhumbline Advisers raised its position in shares of SolarWinds Co. (NYSE:SWI) by 8.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,036 shares of the software maker’s stock after acquiring an additional 6,619 shares during the period. Rhumbline Advisers owned approximately 0.05% of SolarWinds worth $1,073,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its holdings in SolarWinds by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock valued at $59,589,000 after purchasing an additional 508,280 shares during the last quarter. Boston Partners purchased a new stake in shares of SolarWinds in the first quarter worth approximately $1,084,000. Scalar Gauge Management LLC bought a new stake in shares of SolarWinds during the 4th quarter worth approximately $4,918,000. Quadrature Capital Ltd boosted its holdings in SolarWinds by 33.1% during the 4th quarter. Quadrature Capital Ltd now owns 30,087 shares of the software maker’s stock valued at $376,000 after acquiring an additional 7,478 shares during the period. Finally, Quest Partners LLC bought a new position in SolarWinds in the 4th quarter valued at $129,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

SWI has been the subject of several research analyst reports. Robert W. Baird decreased their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Scotiabank assumed coverage on shares of SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price objective for the company. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, SolarWinds currently has an average rating of “Hold” and an average price target of $13.80.

SolarWinds Price Performance

SWI opened at $12.86 on Monday. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 183.71 and a beta of 0.97. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. SolarWinds Co. has a 12-month low of $8.83 and a 12-month high of $13.43. The business’s fifty day simple moving average is $12.29 and its 200-day simple moving average is $11.94.

SolarWinds (NYSE:SWI) last released its quarterly earnings data 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 company had revenue of $193.30 million during 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 firm’s revenue for the quarter 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. On average, equities research analysts anticipate that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

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.