Foundry Partners LLC Buys 25,685 Shares of SolarWinds Co. (NYSE:SWI)

Foundry Partners LLC increased its stake in SolarWinds Co. (NYSE:SWI) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 510,206 shares of the software maker’s stock after buying an additional 25,685 shares during the quarter. Foundry Partners LLC owned about 0.30% of SolarWinds worth $6,148,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SWI. nVerses Capital LLC bought a new stake in shares of SolarWinds during the second quarter worth $41,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SolarWinds during the second quarter worth $58,000. Ameritas Investment Partners Inc. bought a new stake in shares of SolarWinds during the first quarter worth $62,000. Innealta Capital LLC bought a new stake in shares of SolarWinds during the second quarter worth $79,000. Finally, CWM LLC lifted its position in shares of SolarWinds by 282.6% during the second quarter. CWM LLC now owns 8,980 shares of the software maker’s stock worth $108,000 after purchasing an additional 6,633 shares during the last quarter. 93.96% of the stock is currently owned by institutional investors.

SolarWinds Stock Down 0.5 %

Shares of SolarWinds stock traded down $0.06 during trading on Friday, hitting $12.40. 15,840 shares of the stock traded hands, compared to its average volume of 570,319. The stock’s fifty day simple moving average is $12.15 and its 200 day simple moving average is $11.91. SolarWinds Co. has a 52-week low of $8.83 and a 52-week high of $13.43. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.09 billion, a P/E ratio of 177.93 and a beta of 0.97.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. The company had revenue of $193.30 million for the quarter, compared to analyst estimates of $188.67 million. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.12 earnings per share. On average, equities analysts predict that SolarWinds Co. will post 0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Robert W. Baird decreased their target price on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $14.00.

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.