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

SolarWinds Co. (NYSE:SWI) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of equities analysts have weighed in on SWI shares. Robert W. Baird upped their target price on SolarWinds from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Scotiabank initiated coverage on shares of SolarWinds in a research note on Friday, September 13th. They issued a “sector perform” rating and a $13.00 target price on the stock.

SolarWinds Stock Up 1.6 %

SWI stock opened at $13.35 on Wednesday. SolarWinds has a twelve month low of $10.14 and a twelve month high of $14.02. The firm has a market capitalization of $2.28 billion, a PE ratio of 60.68 and a beta of 0.96. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $13.03 and a two-hundred day simple moving average of $12.41.

SolarWinds (NYSE:SWI) last posted its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $200.03 million for the quarter, compared to analyst estimates of $194.03 million. SolarWinds had a net margin of 4.93% and a return on equity of 7.96%. SolarWinds’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, equities analysts predict that SolarWinds will post 0.74 EPS for the current fiscal year.

Insider Transactions at SolarWinds

In other SolarWinds news, CEO Sudhakar Ramakrishna sold 200,000 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $13.68, for a total value of $2,736,000.00. Following the transaction, the chief executive officer now owns 2,212,171 shares in the company, valued at approximately $30,262,499.28. The trade was a 8.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Bock sold 16,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total transaction of $210,080.00. Following the transaction, the director now directly owns 88,857 shares of the company’s stock, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 351,000 shares of company stock worth $4,703,780. 1.95% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of SolarWinds by 6.2% in the 3rd quarter. Franklin Resources Inc. now owns 29,995 shares of the software maker’s stock worth $386,000 after buying an additional 1,760 shares during the last quarter. Barclays PLC boosted its holdings in SolarWinds by 170.1% in the third quarter. Barclays PLC now owns 94,530 shares of the software maker’s stock valued at $1,233,000 after acquiring an additional 59,532 shares in the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in SolarWinds in the third quarter valued at $226,000. Geode Capital Management LLC raised its holdings in SolarWinds by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,290,044 shares of the software maker’s stock worth $16,839,000 after purchasing an additional 16,730 shares in the last quarter. Finally, ABS Direct Equity Fund LLC lifted its position in shares of SolarWinds by 11.9% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 235,000 shares of the software maker’s stock worth $3,067,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 93.96% of the company’s stock.

About SolarWinds

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.