6,582 Shares in SolarWinds Co. (NYSE:SWI) Purchased by Innealta Capital LLC

Innealta Capital LLC purchased a new position in shares of SolarWinds Co. (NYSE:SWI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,582 shares of the software maker’s stock, valued at approximately $79,000.

Several other hedge funds have also recently modified their holdings of SWI. Los Angeles Capital Management LLC raised its position in shares of SolarWinds by 748.8% during the 4th quarter. Los Angeles Capital Management LLC now owns 205,410 shares of the software maker’s stock worth $2,566,000 after purchasing an additional 181,210 shares during the last quarter. ABS Direct Equity Fund LLC purchased a new stake in SolarWinds during the 4th quarter valued at about $2,498,000. Teacher Retirement System of Texas grew its stake in SolarWinds by 130.9% during the 4th quarter. Teacher Retirement System of Texas now owns 121,010 shares of the software maker’s stock valued at $1,511,000 after acquiring an additional 68,592 shares in the last quarter. Jump Financial LLC grew its stake in SolarWinds by 63.4% during the 4th quarter. Jump Financial LLC now owns 78,200 shares of the software maker’s stock valued at $977,000 after acquiring an additional 30,338 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in SolarWinds by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock valued at $59,589,000 after acquiring an additional 508,280 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Trading Down 0.7 %

Shares of SolarWinds stock traded down $0.09 during mid-day trading on Friday, hitting $12.79. The stock had a trading volume of 410,585 shares, compared to its average volume of 577,205. The firm has a 50-day moving average of $12.07 and a two-hundred day moving average of $11.92. SolarWinds Co. has a 12-month low of $8.83 and a 12-month high of $13.43. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The firm has a market cap of $2.17 billion, a P/E ratio of 183.00 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 for the quarter, beating the consensus estimate of $0.23 by $0.03. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The firm had revenue of $193.30 million during the quarter, compared to the consensus estimate of $188.67 million. During the same quarter last year, the firm earned $0.12 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Sell-side analysts forecast that SolarWinds Co. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird dropped their price objective on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. Four equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.