Gabelli Funds LLC Invests $1.67 Million in SolarWinds Co. (NYSE:SWI)


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Gabelli Funds LLC acquired a new position in shares of SolarWinds Co. (NYSE:SWI) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 111,623 shares of the software maker’s stock, valued at approximately $1,669,000.

Several other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in SolarWinds in the 3rd quarter valued at $31,000. McCarthy Asset Management Inc. acquired a new stake in SolarWinds in the 4th quarter valued at $103,000. Boothbay Fund Management LLC acquired a new stake in SolarWinds in the 3rd quarter valued at $230,000. Neo Ivy Capital Management acquired a new stake in SolarWinds in the 3rd quarter valued at $245,000. Finally, Quantitative Systematic Strategies LLC acquired a new stake in SolarWinds in the 3rd quarter valued at $253,000. 95.83% of the stock is owned by institutional investors.

In other news, major shareholder Nb Strategic Co-Investment Par sold 289,066 shares of SolarWinds stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $21.97, for a total transaction of $6,350,780.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Usa Investors Venture I. Hermes sold 57,813 shares of SolarWinds stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $21.97, for a total value of $1,270,151.61. Following the sale, the insider now owns 991,894 shares in the company, valued at $21,791,911.18. The disclosure for this sale can be found here. Insiders have sold a total of 8,265,859 shares of company stock worth $181,600,922 over the last quarter. Company insiders own 1.60% of the company’s stock.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of SolarWinds from a “hold” rating to a “sell” rating in a research report on Thursday, December 24th. JMP Securities raised their price objective on SolarWinds from $22.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 28th. Morgan Stanley dropped their price objective on SolarWinds from $21.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 6th. Barclays dropped their price objective on SolarWinds from $20.00 to $14.00 and set an “underweight” rating on the stock in a research note on Monday, January 11th. Finally, Robert W. Baird cut SolarWinds from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $24.00 to $15.00 in a research note on Monday, December 21st. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. SolarWinds has a consensus rating of “Hold” and a consensus price target of $18.75.

NYSE SWI opened at $15.99 on Tuesday. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 133.26 and a beta of 1.07. SolarWinds Co. has a one year low of $11.50 and a one year high of $24.34. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.26 and a quick ratio of 1.26. The business’s fifty day moving average is $16.13 and its 200-day moving average is $19.32.

SolarWinds 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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