Banque Cantonale Vaudoise Has $2.08 Million Stock Position in SolarWinds Co. (NYSE:SWI)

Banque Cantonale Vaudoise grew its position in SolarWinds Co. (NYSE:SWI) by 2.0% during the third quarter, HoldingsChannel reports. The firm owned 159,449 shares of the software maker’s stock after buying an additional 3,067 shares during the period. Banque Cantonale Vaudoise’s holdings in SolarWinds were worth $2,081,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SWI. GAMMA Investing LLC boosted its stake in shares of SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares during the last quarter. nVerses Capital LLC bought a new stake in shares of SolarWinds in the 2nd quarter valued at $41,000. Allworth Financial LP boosted its stake in shares of SolarWinds by 732.1% in the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after purchasing an additional 3,331 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds in the 2nd quarter valued at $58,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of SolarWinds in the 1st quarter valued at $62,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Stock Down 0.5 %

Shares of NYSE SWI opened at $12.98 on Thursday. The firm has a market cap of $2.21 billion, a PE ratio of 59.00 and a beta of 0.96. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $14.02. The company’s fifty day simple moving average is $12.95 and its 200 day simple moving average is $12.33. 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 released its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that SolarWinds Co. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SWI shares. 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. Scotiabank initiated coverage on shares of SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price on the stock. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds presently has an average rating of “Hold” and an average target price of $14.00.

Insider Buying and Selling

In related news, Director William G. Bock sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares in the company, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of the firm’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 sale, the chief executive officer now owns 2,212,171 shares of the company’s stock, valued at $30,262,499.28. This trade represents a 8.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 351,000 shares of company stock worth $4,703,780. Insiders own 1.95% of the company’s stock.

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.