Meritage Portfolio Management Buys 2,645 Shares of SolarWinds Co. (NYSE:SWI)

Meritage Portfolio Management lifted its position in SolarWinds Co. (NYSE:SWI) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,873 shares of the software maker’s stock after acquiring an additional 2,645 shares during the quarter. Meritage Portfolio Management’s holdings in SolarWinds were worth $364,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SWI. Dimensional Fund Advisors LP lifted 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 worth $69,603,000 after buying an additional 461,061 shares in the last quarter. 272 Capital LP bought a new stake in SolarWinds during the second quarter worth $5,032,000. Principal Financial Group Inc. bought a new position in SolarWinds in the 3rd quarter valued at $3,673,000. AQR Capital Management LLC increased 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 purchasing an additional 269,578 shares during the last quarter. Finally, Mcmorgan & Co. LLC bought a new stake in shares of SolarWinds during the 2nd quarter worth $2,618,000. 93.96% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Sudhakar Ramakrishna sold 200,000 shares of SolarWinds 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 transaction, the chief executive officer now directly owns 2,212,171 shares of the company’s stock, valued at $30,262,499.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sudhakar Ramakrishna sold 200,000 shares of the business’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 transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at $30,262,499.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jason Bliss sold 135,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $13.02, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,000 shares of company stock valued at $4,703,780. Insiders own 1.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SWI. Scotiabank initiated coverage on shares of SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target 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 report on Friday, November 1st. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.00.

SolarWinds Stock Down 0.8 %

Shares of NYSE:SWI opened at $13.47 on Tuesday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 61.23 and a beta of 0.96. SolarWinds Co. has a one year low of $10.14 and a one year high of $14.02. The firm has a fifty day moving average price of $12.82 and a two-hundred day moving average price of $12.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.62.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, October 31st. The software maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The business 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 was up 5.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 earnings per share. Analysts anticipate that SolarWinds Co. will post 0.74 EPS for the current fiscal 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.