SolarWinds Co. (NYSE:SWI - Get Free Report) Director William G. Bock sold 16,000 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
SolarWinds Trading Down 2.1 %
SWI opened at $13.69 on Friday. The company's 50 day moving average is $12.79 and its 200-day moving average is $12.20. The company has a market cap of $2.34 billion, a P/E ratio of 62.23 and a beta of 0.96. SolarWinds Co. has a 1-year low of $10.14 and a 1-year high of $14.02. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 0.88.
SolarWinds (NYSE:SWI - Get Free Report) last posted its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The firm had revenue of $200.03 million for the quarter, compared to analysts' expectations of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The company's revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Equities research analysts predict that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On SolarWinds
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A number of institutional investors and hedge funds have recently bought and sold shares of SWI. Thrivent Financial for Lutherans increased its stake in shares of SolarWinds by 37.8% in the third quarter. Thrivent Financial for Lutherans now owns 161,431 shares of the software maker's stock valued at $2,107,000 after buying an additional 44,268 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in SolarWinds in the 3rd quarter valued at approximately $294,000. Victory Capital Management Inc. raised its stake in shares of SolarWinds by 13.6% during the third quarter. Victory Capital Management Inc. now owns 105,931 shares of the software maker's stock valued at $1,382,000 after acquiring an additional 12,652 shares during the last quarter. Meritage Portfolio Management lifted its holdings in shares of SolarWinds by 10.5% during the third quarter. Meritage Portfolio Management now owns 27,873 shares of the software maker's stock worth $364,000 after purchasing an additional 2,645 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in shares of SolarWinds during the third quarter worth $3,673,000. Institutional investors and hedge funds own 93.96% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on SWI. Scotiabank started coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a "sector perform" rating and a $13.00 price objective for the company. Robert W. Baird lifted 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. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $14.00.
View Our Latest Stock Analysis on SWI
SolarWinds Company Profile
(
Get Free Report)
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.
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