SolarWinds Co. (NYSE:SWI) Short Interest Down 12.3% in January

SolarWinds Co. (NYSE:SWI) was the target of a large decrease in short interest during the month of January. As of January 15th, there was short interest totalling 1,920,000 shares, a decrease of 12.3% from the December 31st total of 2,190,000 shares. Approximately 3.9% of the company’s shares are sold short. Based on an average daily trading volume, of 560,400 shares, the short-interest ratio is currently 3.4 days.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SWI shares. Wedbush started coverage on SolarWinds in a research note on Thursday, December 19th. They set an “outperform” rating and a $20.00 target price for the company. Scotiabank raised their target price on SolarWinds from $13.00 to $15.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Robert W. Baird raised their target price on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on SolarWinds from $13.00 to $16.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, SolarWinds has an average rating of “Hold” and an average target price of $15.80.

Insider Transactions at SolarWinds

In related news, CEO Sudhakar Ramakrishna sold 200,000 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $13.68, for a total value of $2,736,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. This represents a 8.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William G. Bock sold 16,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the completion of the sale, 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. Insiders own 1.95% of the company’s stock.

Hedge Funds Weigh In On SolarWinds

Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in shares of SolarWinds by 57.5% during the third quarter. State Street Corp now owns 2,193,026 shares of the software maker’s stock worth $28,619,000 after buying an additional 800,467 shares during the period. Venturi Wealth Management LLC bought a new stake in SolarWinds during the fourth quarter worth approximately $7,446,000. Principal Financial Group Inc. bought a new stake in SolarWinds during the third quarter worth approximately $3,673,000. Harvey Partners LLC bought a new stake in SolarWinds during the third quarter worth approximately $1,958,000. Finally, Public Sector Pension Investment Board bought a new stake in SolarWinds during the third quarter worth approximately $1,496,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Down 0.8 %

NYSE:SWI opened at $14.86 on Monday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 67.56 and a beta of 0.94. SolarWinds has a one year low of $10.14 and a one year high of $15.14. The stock has a 50-day simple moving average of $14.22 and a 200 day simple moving average of $13.20. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.71 and a current ratio of 0.71.

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

SolarWinds Company 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.