SolarWinds Corp (NYSE:SWI) Shares Bought by Morgan Stanley

Morgan Stanley raised its holdings in SolarWinds Corp (NYSE:SWI) by 434.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,903 shares of the software maker’s stock after acquiring an additional 29,187 shares during the quarter. Morgan Stanley’s holdings in SolarWinds were worth $659,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SWI. Vanguard Group Inc. lifted its holdings in SolarWinds by 4,126.7% in the second quarter. Vanguard Group Inc. now owns 3,358,127 shares of the software maker’s stock valued at $61,588,000 after acquiring an additional 3,278,676 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in SolarWinds in the second quarter valued at $35,146,000. Panagora Asset Management Inc. acquired a new stake in SolarWinds in the second quarter valued at $15,392,000. BlackRock Inc. lifted its holdings in SolarWinds by 83.9% in the second quarter. BlackRock Inc. now owns 1,180,648 shares of the software maker’s stock valued at $21,654,000 after acquiring an additional 538,494 shares during the period. Finally, Selz Capital LLC acquired a new stake in SolarWinds in the second quarter valued at $8,221,000. 95.82% of the stock is owned by institutional investors.

A number of equities research analysts have commented on SWI shares. Jefferies Financial Group reduced their target price on SolarWinds from $23.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, October 8th. Bank of America downgraded SolarWinds from a “neutral” rating to an “underperform” rating in a report on Monday, September 30th. Zacks Investment Research downgraded SolarWinds from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine downgraded SolarWinds from a “sell” rating to a “strong sell” rating in a report on Monday, October 21st. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the stock. SolarWinds has an average rating of “Hold” and an average target price of $19.37.

NYSE:SWI opened at $19.43 on Friday. The company has a market capitalization of $5.93 billion and a PE ratio of 34.09. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.72. 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 $18.90 and a 200-day simple moving average of $18.37.

SolarWinds (NYSE:SWI) last released its quarterly earnings results on Wednesday, October 30th. The software maker reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.01. The business had revenue of $240.50 million during the quarter, compared to the consensus estimate of $243.57 million. SolarWinds had a return on equity of 8.41% and a net margin of 74.35%. The business’s revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.17 EPS. As a group, equities analysts anticipate that SolarWinds Corp will post 0.75 earnings per share for the current year.

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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