Clark Estates Inc. NY Sells 21,300 Shares of SolarWinds Co. (NYSE:SWI)

Clark Estates Inc. NY lessened its holdings in shares of SolarWinds Co. (NYSE:SWI) by 7.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 264,950 shares of the software maker’s stock after selling 21,300 shares during the quarter. Clark Estates Inc. NY’s holdings in SolarWinds were worth $3,458,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. ProShare Advisors LLC lifted its stake in SolarWinds by 14.4% in the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock worth $157,000 after purchasing an additional 1,565 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in SolarWinds by 7.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after buying an additional 2,145 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in SolarWinds by 7.0% in the 1st quarter. Public Employees Retirement System of Ohio now owns 54,944 shares of the software maker’s stock worth $693,000 after acquiring an additional 3,575 shares during the last quarter. Boston Partners purchased a new stake in shares of SolarWinds during the 1st quarter worth approximately $1,084,000. Finally, CWM LLC grew its holdings in shares of SolarWinds by 282.6% in the second quarter. CWM LLC now owns 8,980 shares of the software maker’s stock valued at $108,000 after purchasing an additional 6,633 shares in the last quarter. 93.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other SolarWinds news, insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the transaction, the insider now directly owns 838,789 shares in the company, valued at $10,921,032.78. This trade represents a 13.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was 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 $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. Over the last ninety days, insiders sold 351,000 shares of company stock valued at $4,703,780. 1.95% of the stock is currently owned by company insiders.

SolarWinds Stock Up 0.2 %

Shares of NYSE:SWI opened at $13.32 on Wednesday. The firm has a market capitalization of $2.27 billion, a PE ratio of 60.55 and a beta of 0.96. The business has a 50 day simple moving average of $12.99 and a two-hundred day simple moving average of $12.37. SolarWinds Co. has a 1 year low of $10.14 and a 1 year high of $14.02. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.71 and a quick ratio of 0.71.

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

Wall Street Analyst Weigh In

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

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.