Neuburgh Advisers LLC purchased a new stake in SolarWinds Corp (NYSE:SWI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 4,444 shares of the software maker’s stock, valued at approximately $81,000.

Other hedge funds also recently modified their holdings of the company. Aperio Group LLC acquired a new position in SolarWinds in the 2nd quarter valued at about $34,000. Bank of Montreal Can acquired a new position in SolarWinds in the 1st quarter valued at about $35,000. BNP Paribas Arbitrage SA acquired a new position in SolarWinds in the 2nd quarter valued at about $36,000. Machina Capital S.A.S. increased its position in SolarWinds by 4,590.0% in the 2nd quarter. Machina Capital S.A.S. now owns 4,690 shares of the software maker’s stock valued at $86,000 after acquiring an additional 4,590 shares during the period. Finally, Wells Fargo & Company MN increased its position in SolarWinds by 42.1% in the 2nd quarter. Wells Fargo & Company MN now owns 9,353 shares of the software maker’s stock valued at $172,000 after acquiring an additional 2,770 shares during the period. Hedge funds and other institutional investors own 95.67% of the company’s stock.

Several brokerages recently issued reports on SWI. ValuEngine cut SolarWinds from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Goldman Sachs Group cut SolarWinds from a “neutral” rating to a “sell” rating and dropped their price target for the company from $20.00 to $17.50 in a research report on Sunday, June 30th. Finally, Zacks Investment Research cut SolarWinds from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. SolarWinds has a consensus rating of “Hold” and a consensus target price of $19.43.

Shares of NYSE:SWI traded up $0.12 during trading on Friday, hitting $18.94. 12,604 shares of the stock were exchanged, compared to its average volume of 414,049. The company has a fifty day moving average price of $17.41 and a two-hundred day moving average price of $18.38. The company has a market cap of $5.69 billion and a PE ratio of 33.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.72. SolarWinds Corp has a 12-month low of $12.25 and a 12-month high of $21.22.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, August 1st. The software maker reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $230.60 million for the quarter, compared to analysts’ expectations of $226.51 million. SolarWinds had a return on equity of 8.56% and a net margin of 67.62%. SolarWinds’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts anticipate that SolarWinds Corp will post 0.82 earnings per share for the current fiscal year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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