UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.69 Million Position in SolarWinds Co. (NYSE:SWI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in SolarWinds Co. (NYSE:SWI) by 11.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,695 shares of the software maker’s stock after selling 17,204 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in SolarWinds were worth $1,693,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased 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 valued at $69,603,000 after purchasing an additional 461,061 shares during the period. 272 Capital LP acquired a new stake in shares of SolarWinds during the second quarter worth $5,032,000. Principal Financial Group Inc. bought a new position in SolarWinds during the third quarter worth $3,673,000. AQR Capital Management LLC lifted its holdings in SolarWinds by 48.5% in the second quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock valued at $9,869,000 after buying an additional 269,578 shares during the period. Finally, Mcmorgan & Co. LLC bought a new stake in SolarWinds during the second quarter valued at $2,618,000. 93.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SolarWinds

In other news, CEO Sudhakar Ramakrishna sold 200,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the sale, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. This represents a 8.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the transaction, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. The trade was a 13.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 351,000 shares of company stock valued at $4,703,780. Corporate insiders own 1.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Robert W. Baird upped their target price on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Scotiabank began 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. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.00.

SolarWinds Stock Performance

Shares of SolarWinds stock opened at $14.79 on Tuesday. The business has a 50-day simple moving average of $13.39 and a 200 day simple moving average of $12.60. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 67.23 and a beta of 0.96. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.94.

SolarWinds (NYSE:SWI) last issued 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. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The company had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. During the same period in the prior year, the firm earned $0.11 earnings per share. SolarWinds’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

SolarWinds Company 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.