Neuburgh Advisers LLC purchased a new stake in SolarWinds Corp (NYSE:SWI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,444 shares of the software maker’s stock, valued at approximately $81,000.

Several other large investors also recently bought and sold shares of the stock. FMR LLC increased its holdings in shares of SolarWinds by 102.9% in the first quarter. FMR LLC now owns 3,696,604 shares of the software maker’s stock valued at $72,158,000 after purchasing an additional 1,874,976 shares during the last quarter. ETF Managers Group LLC acquired a new stake in SolarWinds during the first quarter worth $57,604,000. Vaughan Nelson Investment Management L.P. acquired a new stake in SolarWinds during the second quarter worth $35,146,000. Principal Financial Group Inc. increased its stake in SolarWinds by 4.1% during the first quarter. Principal Financial Group Inc. now owns 1,231,123 shares of the software maker’s stock worth $24,032,000 after acquiring an additional 48,960 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in SolarWinds by 1,999.2% during the first quarter. Lazard Asset Management LLC now owns 1,171,375 shares of the software maker’s stock worth $22,865,000 after acquiring an additional 1,115,575 shares during the last quarter. 95.67% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on SWI. ValuEngine cut SolarWinds from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut SolarWinds from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Goldman Sachs Group cut SolarWinds from a “neutral” rating to a “sell” rating and cut their target price for the stock from $20.00 to $17.50 in a research note on Sunday, June 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.43.

Shares of SWI traded up $0.12 during midday trading on Friday, hitting $18.94. 12,604 shares of the stock were exchanged, compared to its average volume of 414,049. SolarWinds Corp has a 52-week low of $12.25 and a 52-week high of $21.22. The stock has a fifty day simple moving average of $17.41 and a 200 day simple moving average of $18.38. The firm has a market cap of $5.69 billion and a P/E ratio of 33.24. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.74 and a current ratio of 0.74.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Thursday, August 1st. The software maker reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). SolarWinds had a return on equity of 8.56% and a net margin of 67.62%. The firm had revenue of $230.60 million for the quarter, compared to analysts’ expectations of $226.51 million. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts forecast that SolarWinds Corp will post 0.82 EPS 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.

Featured Article: Net Income

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.