SolarWinds Inc (NYSE:SWI), saw it’s EVP, & Pres. of Business Operations, Douglas G. Hibberd, decrease his exposure to the company. Hibberd sold 2,393 shares of common stock at an average price of $38.32 per share. Following this transaction, Hibbert now directly holds 51,759 shares in SolarWinds Inc (NYSE:SWI), the $2.88 billion market cap corporation that designs, develops, markets, sells and supports enterprise information technology (IT), infrastructure management software to IT professionals in organizations of all sizes.
Also showing movement in their holdings with SolarWinds Inc (NYSE:SWI) were it’s two most involved hedge funds. Stephen Mandel‘s hedge fund, Lone Pine Capital, decreased it’s activity by 3% last quarter, and now holds 6,516,396 shares worth about $277.8 million; while Maverick Capital, the hedge fund run by Lee Ainslie, also reported a reduction in it’s exposure to the company last quarter, by 11%, and now holds 6,448,024 shares worth approximately $274.8 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.