Clark Estates Inc. NY Cuts Stake in SolarWinds Co. (NYSE:SWI)

Clark Estates Inc. NY cut its stake in shares of SolarWinds Co. (NYSE:SWI) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 264,950 shares of the software maker’s stock after selling 21,300 shares during the quarter. Clark Estates Inc. NY owned about 0.16% of SolarWinds worth $3,458,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of SWI. Dimensional Fund Advisors LP increased its stake 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 in the last quarter. 272 Capital LP bought a new stake in shares of SolarWinds during the second quarter valued at approximately $5,032,000. Principal Financial Group Inc. bought a new stake in shares of SolarWinds during the third quarter valued at approximately $3,673,000. AQR Capital Management LLC raised its holdings in SolarWinds by 48.5% in the 2nd quarter. AQR Capital Management LLC now owns 825,829 shares of the software maker’s stock worth $9,869,000 after acquiring an additional 269,578 shares during the last quarter. Finally, Mcmorgan & Co. LLC bought a new position in SolarWinds in the 2nd quarter valued at approximately $2,618,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Analyst Upgrades and Downgrades

SWI has been the subject of several research analyst reports. Scotiabank initiated coverage on 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 lifted 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. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, SolarWinds currently has a consensus rating of “Hold” and an average target price of $14.00.

Insiders Place Their Bets

In other SolarWinds news, Director William G. Bock sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $13.68, for a total transaction of $2,736,000.00. Following the transaction, 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 position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 351,000 shares of company stock worth $4,703,780. Company insiders own 1.95% of the company’s stock.

SolarWinds Stock Up 0.2 %

SolarWinds stock opened at $13.32 on Wednesday. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.02. The stock has a fifty day moving average of $12.99 and a 200 day moving average of $12.37. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $2.27 billion, a PE ratio of 60.55 and a beta of 0.96.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $200.03 million during the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 EPS. As a group, sell-side analysts predict 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.