Brokerages Set SolarWinds Co. (NYSE:SWI) PT at $13.80

SolarWinds Co. (NYSE:SWI) has been assigned a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Five analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $13.80.

A number of analysts have recently issued reports on the stock. Robert W. Baird dropped their price objective on shares of SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Scotiabank began coverage on shares of SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price objective on the stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SWI. Scalar Gauge Management LLC bought a new stake in shares of SolarWinds in the 4th quarter valued at approximately $4,918,000. Quadrature Capital Ltd increased its stake in SolarWinds by 33.1% during the fourth quarter. Quadrature Capital Ltd now owns 30,087 shares of the software maker’s stock valued at $376,000 after purchasing an additional 7,478 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of SolarWinds by 1.3% during the first quarter. Los Angeles Capital Management LLC now owns 208,102 shares of the software maker’s stock worth $2,626,000 after purchasing an additional 2,692 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of SolarWinds by 28.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock worth $134,000 after buying an additional 2,343 shares during the last quarter. Finally, Meritage Portfolio Management bought a new stake in shares of SolarWinds during the 1st quarter valued at about $315,000. 93.96% of the stock is owned by institutional investors and hedge funds.

SolarWinds Trading Up 0.1 %

SWI stock opened at $13.21 on Tuesday. SolarWinds has a 52 week low of $8.83 and a 52 week high of $13.43. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 188.71 and a beta of 0.97. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92. The business has a fifty day simple moving average of $12.58 and a 200-day simple moving average of $12.00.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, August 1st. The software maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. SolarWinds had a return on equity of 7.14% and a net margin of 2.96%. The company had revenue of $193.30 million for the quarter, compared to the consensus estimate of $188.67 million. During the same period last year, the business posted $0.12 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that SolarWinds will post 0.71 EPS for the current year.

SolarWinds Company Profile

SolarWinds Corporation provides information technology (IT) management software products in the United States and internationally. It provides a suite of network management software that offers real-time visibility into network utilization and bandwidth, as well as the ability to detect, diagnose, and resolve network performance problems; and a suite of infrastructure management products, which monitors and analyzes the performance of applications and their supporting infrastructure, including servers, physical, virtual and cloud infrastructure, storage, and databases.