SolarWinds (NYSE:SWI) Price Target Raised to $15.00 at Robert W. Baird

SolarWinds (NYSE:SWI) had its price objective boosted by Robert W. Baird from $14.00 to $15.00 in a report published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the software maker’s stock.

Separately, Scotiabank assumed coverage on SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 target price for the company. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.00.

SolarWinds Stock Up 0.6 %

SWI traded up $0.08 during midday trading on Friday, hitting $13.16. 2,056,940 shares of the company’s stock traded hands, compared to its average volume of 402,631. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $2.23 billion, a PE ratio of 59.82 and a beta of 0.96. The stock’s fifty day simple moving average is $12.72 and its 200-day simple moving average is $12.12. SolarWinds has a one year low of $9.41 and a one year high of $13.45.

SolarWinds (NYSE:SWI) last issued its quarterly earnings data on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a net margin of 4.93% and a return on equity of 7.99%. The firm had revenue of $200.03 million during the quarter, compared to analysts’ expectations of $194.03 million. During the same period in the prior year, the company posted $0.11 earnings per share. SolarWinds’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that SolarWinds will post 0.71 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SolarWinds

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in SolarWinds by 24.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,071 shares of the software maker’s stock valued at $66,000 after purchasing an additional 1,001 shares during the last quarter. ProShare Advisors LLC raised its stake 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 worth $157,000 after acquiring an additional 1,565 shares during the last quarter. GAMMA Investing LLC raised its stake 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 worth $27,000 after acquiring an additional 1,603 shares during the last quarter. Banque Cantonale Vaudoise raised its stake 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 worth $1,884,000 after acquiring an additional 1,793 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake 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 worth $414,000 after acquiring an additional 2,145 shares during the last quarter. 93.96% of the stock is owned by institutional investors.

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.