Caxton Associates LP Has $855,000 Holdings in SolarWinds Co. (NYSE:SWI)

Caxton Associates LP lifted its holdings in shares of SolarWinds Co. (NYSE:SWIGet Rating) by 88.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,416 shares of the software maker’s stock after purchasing an additional 39,250 shares during the period. Caxton Associates LP owned 0.05% of SolarWinds worth $855,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. AQR Capital Management LLC lifted its holdings in shares of SolarWinds by 29.6% during the second quarter. AQR Capital Management LLC now owns 1,003,666 shares of the software maker’s stock worth $10,288,000 after purchasing an additional 229,040 shares during the period. State Street Corp lifted its holdings in SolarWinds by 50.4% in the second quarter. State Street Corp now owns 861,127 shares of the software maker’s stock valued at $8,827,000 after buying an additional 288,650 shares during the period. Clearline Capital LP acquired a new position in SolarWinds in the second quarter valued at $151,000. Citadel Advisors LLC lifted its holdings in SolarWinds by 8.2% in the second quarter. Citadel Advisors LLC now owns 544,932 shares of the software maker’s stock valued at $5,586,000 after buying an additional 41,344 shares during the period. Finally, Sei Investments Co. lifted its holdings in SolarWinds by 15.6% in the second quarter. Sei Investments Co. now owns 26,557 shares of the software maker’s stock valued at $276,000 after buying an additional 3,583 shares during the period. Institutional investors and hedge funds own 97.12% of the company’s stock.

SolarWinds Trading Up 0.1 %

SWI opened at $8.28 on Friday. SolarWinds Co. has a 1-year low of $7.51 and a 1-year high of $14.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $1.34 billion, a P/E ratio of -1.41 and a beta of 0.99. The company has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $9.65.

SolarWinds (NYSE:SWIGet Rating) last posted its quarterly earnings results on Thursday, November 3rd. The software maker reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.04). SolarWinds had a negative net margin of 131.10% and a positive return on equity of 1.91%. The company had revenue of $179.40 million during the quarter, compared to the consensus estimate of $181.53 million. Analysts predict that SolarWinds Co. will post 0.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on SWI. The Goldman Sachs Group dropped their target price on shares of SolarWinds from $12.00 to $10.50 and set a “sell” rating on the stock in a report on Friday, November 4th. Morgan Stanley decreased their price target on shares of SolarWinds from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, November 4th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.92.

Insider Transactions at SolarWinds

In other news, insider Jason Bliss sold 7,650 shares of the business’s stock in a transaction dated Monday, December 5th. The shares were sold at an average price of $8.54, for a total transaction of $65,331.00. Following the completion of the sale, the insider now directly owns 597,710 shares of the company’s stock, valued at $5,104,443.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by insiders.

About SolarWinds

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SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. The company offers a portfolio of solutions to technology professionals for monitoring, managing, and optimizing networks, systems, desktops, applications, storage, databases, website infrastructures, and IT service desks.

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Institutional Ownership by Quarter for SolarWinds (NYSE:SWI)

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