Brokerages Set SolarWinds Co. (NYSE:SWI) Price Target at $14.00

SolarWinds Co. (NYSE:SWIGet Free Report) has been given a consensus recommendation of “Hold” by the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $14.00.

Several brokerages have recently commented on SWI. Robert W. Baird raised their target price on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday. Scotiabank began coverage on SolarWinds in a report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock.

Check Out Our Latest Analysis on SWI

Hedge Funds Weigh In On SolarWinds

A number of large investors have recently modified their holdings of SWI. Allspring Global Investments Holdings LLC lifted its position in SolarWinds by 24.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock worth $66,000 after acquiring an additional 1,001 shares during the last quarter. ProShare Advisors LLC raised its position in shares of SolarWinds by 14.4% in the first quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock valued at $157,000 after buying an additional 1,565 shares in the last quarter. GAMMA Investing LLC raised its position in shares of SolarWinds by 344.7% in the third quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after buying an additional 1,603 shares in the last quarter. Banque Cantonale Vaudoise raised its position in shares of SolarWinds by 1.2% in the second quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock valued at $1,884,000 after buying an additional 1,793 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of SolarWinds by 7.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after buying an additional 2,145 shares in the last quarter. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Price Performance

SWI stock opened at $13.12 on Friday. SolarWinds has a 1 year low of $10.14 and a 1 year high of $13.45. The stock has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $12.14. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.62 and a current ratio of 0.62. The firm has a market cap of $2.22 billion, a P/E ratio of 59.64 and a beta of 0.96.

SolarWinds (NYSE:SWIGet Free Report) last announced its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. SolarWinds had a return on equity of 7.99% and a net margin of 4.93%. The firm had revenue of $200.03 million for the quarter, compared to the consensus estimate of $194.03 million. During the same quarter in the previous year, the business earned $0.11 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts predict that SolarWinds will post 0.71 earnings per share for the current fiscal year.

About SolarWinds

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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.

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Analyst Recommendations for SolarWinds (NYSE:SWI)

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