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Networking solutions vendor SolarWinds last year suffered through execution issues and saw its share price decline 27%. The stock remains well below the 52-week high of $61.52. Some savvy investors took advantage of the pullback to initiate or build positions.
Robert DeFrancesco’s Tech-Stock Prospector January 9, 2014 Why Some Smart Investors Scooped Up SolarWinds (SWI) Shares Shares of SolarWinds (SWI, $39.17)—a provider of infrastructure solutions used for network and systems management—have rebounded off the 52-week low of $31.94 from November. Just after the open today, the stock tested its 200-day moving average at $40.09, hitting a high of $40.42. Last year, SolarWinds suffered through execution issues and saw its share price decline 27%. The stock remains well below the 52-week high of $61.52. In Q3, some big, tech-focused money managers took advantage of the pullback in SolarWinds to initiate or build positions, with the #1 buyer, Stephen Mandel’s Lone Pine Capital ($22.9 billion in long equity assets/24% tech weighting), opening a position of 5.7 million shares to become the #3 holder. For more on the SolarWinds story (the company started to show signs of stability in the latest quarter) and the other savvy investors who have been adding shares, check out the January 2014 issue of Tech-Stock Prospector. Download the latest issue here for your Kindle or Kindle for iPad/iPhone reading app: http://www.amzn.com/B004T6Z0ME ------------------------------------------------------------------------------------------------------------ Read the January 2014 issue of Tech-Stock Prospector on your Amazon Kindle or Kindle for iPad/iPhone reading app. Here are some of the topics covered in the January 2014 issue: *Top potential takeover targets in tech for 2014 *An update on the continued land grab in marketing automation *How FireEye could spur more cybersecurity M&A *Might Cisco Systems make a sizable acquisition to help jumpstart growth? *A small-cap name that’s big in enterprise vulnerability management *Proofpoint builds its targeted attack prevention business *New growth drivers for ServiceNow in cloud-based IT management *Digital-advertising play: Marin Software *Cornerstone OnDemand stays competitive in talent management *Qlik Technologies is ready to ride the data visualization wave *Aruba Networks looks well positioned for the WiFi upgrade cycle *Adobe Systems continues its move to the cloud *Behind the big sales force reorganization at Symantec *Demandware brings the cloud to digital commerce *Why some savvy money managers like SolarWinds *Nimble Storage is ready to take on the big legacy vendors *Wall Street analysts keep boosting their Yahoo price targets *Is Fortinet primed to execute again after naming a new CFO? *Deal Report: RetailMeNot sees growth in digital coupons Order the January 2014 issue of TSP here: http://www.amzn.com/B004T6Z0ME Tech-Stock Prospector Managing Editor Rob DeFrancesco has more than 20 years of experience covering the tech sector. He is a former senior writer with Louis Rukeyser’s Wall Street. TechStockProspector.com, launched in 2003, is an investment-research service focused primarily on the networking, storage, security, wireless and software sectors. Annual subscription: $350. For more information or to place an order, call 800-392-0998.
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