Marshall Wace LLP Makes New Investment in SolarWinds Co. (NYSE:SWI)

Marshall Wace LLP purchased a new position in shares of SolarWinds Co. (NYSE:SWI) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 10,700 shares of the software maker’s stock, valued at approximately $129,000.

Several other hedge funds have also recently added to or reduced their stakes in SWI. nVerses Capital LLC bought a new stake in shares of SolarWinds in the 2nd quarter valued at about $41,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds in the 2nd quarter valued at about $58,000. Ameritas Investment Partners Inc. bought a new stake in shares of SolarWinds in the 1st quarter valued at about $62,000. Innealta Capital LLC bought a new stake in shares of SolarWinds in the 2nd quarter valued at about $79,000. Finally, CWM LLC lifted its stake in shares of SolarWinds by 282.6% in the 2nd quarter. CWM LLC now owns 8,980 shares of the software maker’s stock valued at $108,000 after acquiring an additional 6,633 shares during the last quarter. Institutional investors own 93.96% of the company’s stock.

SolarWinds Stock Performance

SWI stock opened at $13.20 on Monday. The stock has a market capitalization of $2.22 billion, a PE ratio of 188.57 and a beta of 0.97. SolarWinds Co. has a 12-month low of $8.83 and a 12-month high of $13.43. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $12.62 and its 200 day simple moving average is $12.00.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $193.30 million for the quarter, compared to analysts’ expectations of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. As a group, research analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SWI. Scotiabank began coverage on SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target on the stock. Robert W. Baird reduced their price target on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $13.80.

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.