Institutional investors purchased a net $1.3 million shares of SWI during the quarter ended December 2012. This may signal that the smart money is gaining interest in this company as the 88.27% of shares outstanding that institutional investors hold is actually below the Packaged Software industry average.
| Mutual fund holders | 52.09% |
| Other institutional | 36.19% |
| Individual stakeholders | 20.11% |