Marshall Wace North America L.P. Sells 105,202 Shares of SolarWinds Co. (NYSE:SWI)

Marshall Wace North America L.P. cut its stake in SolarWinds Co. (NYSE:SWI) by 80.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,719 shares of the software maker’s stock after selling 105,202 shares during the quarter. Marshall Wace North America L.P.’s holdings in SolarWinds were worth $434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SWI. FORA Capital LLC bought a new stake in SolarWinds in the second quarter worth $42,000. Jump Financial LLC bought a new stake in SolarWinds in the second quarter worth $171,000. Westbourne Investment Advisors Inc. bought a new stake in SolarWinds in the second quarter worth $175,000. Shell Asset Management Co. lifted its position in SolarWinds by 6.0% in the second quarter. Shell Asset Management Co. now owns 11,923 shares of the software maker’s stock worth $201,000 after buying an additional 670 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in SolarWinds in the second quarter worth $225,000.

Shares of SolarWinds stock opened at $14.87 on Thursday. The firm has a market cap of $2.37 billion, a P/E ratio of 22.19 and a beta of 0.91. The company has a current ratio of 2.02, a quick ratio of 1.22 and a debt-to-equity ratio of 0.81. SolarWinds Co. has a 12 month low of $14.30 and a 12 month high of $25.62. The stock’s fifty day moving average price is $17.32 and its 200-day moving average price is $23.56.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, October 28th. The software maker reported $0.37 EPS for the quarter, beating the consensus estimate of $0.06 by $0.31. The firm had revenue of $181.27 million for the quarter, compared to analyst estimates of $196.18 million. SolarWinds had a return on equity of 6.23% and a net margin of 10.87%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. Analysts forecast that SolarWinds Co. will post -0.44 earnings per share for the current year.

SWI has been the subject of a number of analyst reports. JMP Securities restated a “buy” rating on shares of SolarWinds in a research report on Thursday, November 11th. Truist decreased their target price on SolarWinds from $34.00 to $21.00 and set a “hold” rating for the company in a research report on Thursday, August 5th. Morgan Stanley decreased their target price on SolarWinds from $40.00 to $22.00 and set an “equal weight” rating for the company in a research report on Wednesday, August 4th. Zacks Investment Research downgraded SolarWinds from a “hold” rating to a “sell” rating in a research report on Thursday, November 4th. Finally, Berenberg Bank downgraded SolarWinds from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Wednesday, August 4th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.73.

SolarWinds Profile

SolarWinds Corp. engages in the provision of information technology (IT)infrastructure management software. It provides network management, systems management, database management, IT security, IT helpdesk, and cloud services. The company was founded in 1999 and is headquartered in Austin, TX.

Read More: How is Preferred Stock Different from Common Stock?

Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

Receive News & Ratings for SolarWinds Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarWinds and related companies with MarketBeat.com's FREE daily email newsletter.