Atria Investments Inc Cuts Stock Holdings in SolarWinds Co. (NYSE:SWI)

Atria Investments Inc lowered its stake in SolarWinds Co. (NYSE:SWI) by 22.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,356 shares of the software maker’s stock after selling 6,796 shares during the period. Atria Investments Inc’s holdings in SolarWinds were worth $305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWI. ProShare Advisors LLC grew its holdings in shares of SolarWinds by 14.4% in the first quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after purchasing an additional 1,565 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in SolarWinds in the 1st quarter worth $62,000. Price T Rowe Associates Inc. MD increased its position in shares of SolarWinds by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after acquiring an additional 2,145 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of SolarWinds by 7.0% during the first quarter. Public Employees Retirement System of Ohio now owns 54,944 shares of the software maker’s stock valued at $693,000 after acquiring an additional 3,575 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of SolarWinds during the first quarter worth about $1,084,000. Institutional investors own 93.96% of the company’s stock.

Analyst Ratings Changes

SWI has been the topic of a number of research analyst reports. Robert W. Baird boosted their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Scotiabank started coverage on 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 equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Insider Activity

In other SolarWinds news, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds stock in a transaction on 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 transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. The trade was a 8.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason Bliss sold 135,000 shares of the business’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $13.02, for a total value of $1,757,700.00. Following the completion of the sale, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. This trade represents a 13.86 % 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 worth $4,703,780. Corporate insiders own 1.95% of the company’s stock.

SolarWinds Price Performance

SWI stock opened at $13.27 on Friday. The firm has a 50-day moving average of $12.98 and a 200 day moving average of $12.35. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market cap of $2.26 billion, a P/E ratio of 60.30 and a beta of 0.96. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $14.02.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $200.03 million during the quarter, compared to analysts’ expectations of $194.03 million. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, sell-side analysts forecast that SolarWinds Co. will post 0.74 EPS for the current 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.