Barclays PLC Grows Stake in SolarWinds Co. (NYSE:SWI)

Barclays PLC increased its holdings in SolarWinds Co. (NYSE:SWI) by 170.1% during the third quarter, HoldingsChannel reports. The institutional investor owned 94,530 shares of the software maker’s stock after acquiring an additional 59,532 shares during the quarter. Barclays PLC’s holdings in SolarWinds were worth $1,233,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 461,061 shares during the last quarter. State Street Corp grew its stake in SolarWinds by 57.5% in the 3rd quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after buying an additional 800,467 shares in the last quarter. Scalar Gauge Management LLC increased its holdings in shares of SolarWinds by 11.3% in the 2nd quarter. Scalar Gauge Management LLC now owns 834,060 shares of the software maker’s stock worth $10,050,000 after buying an additional 85,000 shares during the last quarter. AQR Capital Management LLC raised its position in shares of SolarWinds by 48.5% during the 2nd 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of SolarWinds by 4.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 566,204 shares of the software maker’s stock worth $7,389,000 after acquiring an additional 25,416 shares during the last quarter. Institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Scotiabank began coverage on shares of SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective for the company. Robert W. Baird boosted their price target on shares of SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Wedbush started coverage on SolarWinds in a research note on Thursday, December 19th. They set an “outperform” rating and a $20.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, SolarWinds currently has an average rating of “Hold” and an average price target of $15.00.

Insider Activity

In other SolarWinds news, insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the completion of the transaction, the insider now owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This trade represents a 13.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at $30,262,499.28. This represents a 8.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 351,000 shares of company stock valued at $4,703,780. Corporate insiders own 1.95% of the company’s stock.

SolarWinds Stock Down 1.1 %

Shares of NYSE:SWI opened at $14.29 on Monday. The stock’s 50-day moving average is $13.62 and its 200 day moving average is $12.76. The company has a market cap of $2.44 billion, a PE ratio of 64.96 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 1 year low of $10.14 and a 1 year high of $14.94.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 earnings per share. Sell-side analysts anticipate that SolarWinds Co. will post 0.74 EPS for the current 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.