R Squared Ltd Purchases New Holdings in SolarWinds Co. (NYSE:SWI)

R Squared Ltd purchased a new stake in SolarWinds Co. (NYSE:SWI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,690 shares of the software maker’s stock, valued at approximately $38,000.

Other hedge funds have also made changes to their positions in the company. Barclays PLC lifted its position in shares of SolarWinds by 170.1% in the 3rd quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after acquiring an additional 59,532 shares in the last quarter. State Street Corp lifted its position in shares of SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock valued at $28,619,000 after acquiring an additional 800,467 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of SolarWinds in the 3rd quarter valued at approximately $3,673,000. Villanova Investment Management Co LLC increased its stake in SolarWinds by 42.8% in the 3rd quarter. Villanova Investment Management Co LLC now owns 149,709 shares of the software maker’s stock valued at $1,954,000 after buying an additional 44,839 shares during the period. Finally, Harvey Partners LLC acquired a new position in SolarWinds in the 3rd quarter valued at approximately $1,958,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SWI. Robert W. Baird upped their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Wedbush assumed coverage on shares of SolarWinds in a research note on Thursday, December 19th. They issued an “outperform” rating and a $20.00 price objective on the stock. Finally, Scotiabank increased their price target on shares of SolarWinds from $13.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $15.80.

Insider Buying and Selling

In related news, 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 transaction, the director now owns 88,857 shares of the company’s stock, valued at $1,166,692.41. This trade represents a 15.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. The trade was a 8.29 % decrease in their position. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by corporate insiders.

SolarWinds Stock Performance

Shares of SWI opened at $14.86 on Monday. The company’s fifty day moving average is $14.22 and its 200-day moving average is $13.20. SolarWinds Co. has a 12 month low of $10.14 and a 12 month high of $15.14. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of 67.56 and a beta of 0.94. 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) last issued its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $0.11 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Equities analysts expect that SolarWinds Co. will post 0.74 EPS 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.