Banque Cantonale Vaudoise Has $2.08 Million Stake in SolarWinds Co. (NYSE:SWI)

Banque Cantonale Vaudoise raised its position in shares of SolarWinds Co. (NYSE:SWI) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,449 shares of the software maker’s stock after buying an additional 3,067 shares during the period. Banque Cantonale Vaudoise owned about 0.09% of SolarWinds worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of SWI. GAMMA Investing LLC boosted its stake in SolarWinds by 344.7% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after acquiring an additional 1,603 shares during the last quarter. nVerses Capital LLC acquired a new stake in SolarWinds in the 2nd quarter valued at $41,000. Allworth Financial LP grew its position in shares of SolarWinds by 732.1% in the 3rd quarter. Allworth Financial LP now owns 3,786 shares of the software maker’s stock valued at $49,000 after acquiring an additional 3,331 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of SolarWinds in the 2nd quarter valued at about $58,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of SolarWinds in the 1st quarter valued at about $62,000. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Stock Performance

NYSE SWI opened at $12.98 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $2.21 billion, a P/E ratio of 59.00 and a beta of 0.96. SolarWinds Co. has a 12-month low of $10.14 and a 12-month high of $14.02. The firm has a 50-day moving average price of $12.95 and a two-hundred day moving average price of $12.33.

SolarWinds (NYSE:SWI) last posted its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $200.03 million during the quarter, compared to the consensus estimate of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Analysts anticipate that SolarWinds Co. will post 0.74 earnings per share for the current year.

Insider Activity

In related news, insider Jason Bliss sold 135,000 shares of the company’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 transaction of $1,757,700.00. Following the completion of the transaction, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. This represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $13.13, for a total transaction of $210,080.00. Following the transaction, the director now owns 88,857 shares of the company’s stock, valued at approximately $1,166,692.41. This represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,000 shares of company stock worth $4,703,780. 1.95% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SWI. Robert W. Baird lifted their price objective on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Scotiabank began coverage on shares of SolarWinds in a report on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SolarWinds currently has an average rating of “Hold” and a consensus 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.