SolarWinds Co. (NYSE:SWI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its stake in SolarWinds Co. (NYSE:SWI) by 39.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,039 shares of the software maker’s stock after selling 47,033 shares during the period. New York State Common Retirement Fund’s holdings in SolarWinds were worth $1,188,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SWI. First Trust Advisors LP lifted its stake in shares of SolarWinds by 0.4% in the first quarter. First Trust Advisors LP now owns 259,763 shares of the software maker’s stock valued at $5,071,000 after purchasing an additional 954 shares during the period. Rhumbline Advisers lifted its stake in shares of SolarWinds by 36.2% in the second quarter. Rhumbline Advisers now owns 63,599 shares of the software maker’s stock valued at $1,074,000 after purchasing an additional 16,890 shares during the period. Swiss National Bank lifted its stake in shares of SolarWinds by 21.2% in the second quarter. Swiss National Bank now owns 173,900 shares of the software maker’s stock valued at $2,937,000 after purchasing an additional 30,400 shares during the period. WINTON GROUP Ltd lifted its stake in shares of SolarWinds by 20.5% in the second quarter. WINTON GROUP Ltd now owns 41,732 shares of the software maker’s stock valued at $705,000 after purchasing an additional 7,097 shares during the period. Finally, BNP Paribas Arbitrage SA lifted its stake in shares of SolarWinds by 21.1% in the second quarter. BNP Paribas Arbitrage SA now owns 47,554 shares of the software maker’s stock valued at $803,000 after purchasing an additional 8,296 shares during the period. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Several research firms have weighed in on SWI. Zacks Investment Research upgraded shares of SolarWinds from a “sell” rating to a “hold” rating in a report on Friday, January 7th. JPMorgan Chase & Co. downgraded shares of SolarWinds from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $23.00 to $16.00 in a report on Tuesday, December 14th. Royal Bank of Canada downgraded shares of SolarWinds from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $28.00 to $19.00 in a report on Friday, October 29th. Finally, JMP Securities restated a “buy” rating on shares of SolarWinds in a report on Thursday, November 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, SolarWinds presently has a consensus rating of “Hold” and a consensus price target of $25.89.

Shares of NYSE SWI opened at $13.89 on Friday. The company has a market cap of $2.21 billion, a PE ratio of 20.73 and a beta of 0.92. SolarWinds Co. has a 12 month low of $13.55 and a 12 month high of $23.00. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.02 and a quick ratio of 2.02. The company has a 50-day simple moving average of $14.76 and a 200-day simple moving average of $18.70.

SolarWinds (NYSE:SWI) last released its earnings results on Thursday, October 28th. The software maker reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.31. SolarWinds had a net margin of 10.87% and a return on equity of 6.23%. The firm had revenue of $181.27 million during the quarter, compared to the consensus estimate of $196.18 million. During the same period in the previous year, the firm earned $0.44 earnings per share. SolarWinds’s revenue was down 1.9% compared to the same quarter last year. On average, analysts anticipate that SolarWinds Co. will post -0.44 EPS for the current year.

SolarWinds Profile

SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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