SolarWinds Co. (NYSE:SWI) Short Interest Up 21.1% in April


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SolarWinds Co. (NYSE:SWI) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 8,550,000 shares, a growth of 21.1% from the March 31st total of 7,060,000 shares. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is currently 6.3 days. Approximately 12.3% of the shares of the stock are short sold.

Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP grew its position in SolarWinds by 0.4% during the 1st quarter. First Trust Advisors LP now owns 259,763 shares of the software maker’s stock worth $5,071,000 after acquiring an additional 954 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its position in SolarWinds by 44.3% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 17,243 shares of the software maker’s stock worth $350,000 after acquiring an additional 5,296 shares during the last quarter. Sei Investments Co. bought a new position in SolarWinds during the 3rd quarter worth approximately $314,000. Strs Ohio grew its position in SolarWinds by 10.5% during the 3rd quarter. Strs Ohio now owns 74,642 shares of the software maker’s stock worth $1,518,000 after acquiring an additional 7,085 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its position in SolarWinds by 162.9% during the 4th quarter. State of Alaska Department of Revenue now owns 65,925 shares of the software maker’s stock worth $985,000 after acquiring an additional 40,848 shares during the last quarter. Hedge funds and other institutional investors own 95.83% of the company’s stock.

A number of analysts recently issued reports on the company. Morgan Stanley increased their price objective on SolarWinds from $15.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday. Citigroup assumed coverage on SolarWinds in a report on Wednesday, March 3rd. They set a “buy” rating and a $20.00 price objective on the stock. TheStreet raised SolarWinds from a “d+” rating to a “c-” rating in a report on Friday, February 5th. Barclays dropped their price objective on SolarWinds from $20.00 to $14.00 and set an “underweight” rating on the stock in a report on Monday, January 11th. Finally, Jefferies Financial Group cut SolarWinds from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $15.00 in a report on Monday, January 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. SolarWinds currently has an average rating of “Hold” and a consensus price target of $18.82.

Shares of SolarWinds stock traded down $0.60 during trading on Tuesday, hitting $16.48. 33,936 shares of the stock traded hands, compared to its average volume of 1,566,552. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.68. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of 137.09 and a beta of 1.07. The firm’s fifty day moving average is $17.64 and its 200-day moving average is $18.27. SolarWinds has a 52 week low of $13.98 and a 52 week high of $24.34.

SolarWinds (NYSE:SWI) last announced its quarterly earnings data on Thursday, April 29th. The software maker reported $0.23 EPS for the quarter, beating the consensus estimate of $0.14 by $0.09. SolarWinds had a return on equity of 9.65% and a net margin of 3.87%. On average, analysts forecast that SolarWinds will post 0.82 earnings per share for the current fiscal year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, database, and website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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