A number of other equities research analysts have also issued reports on SWI. Nomura cut their target price on shares of SolarWinds from $24.00 to $23.00 and set a “buy” rating on the stock in a research note on Friday, December 13th. Barclays downgraded SolarWinds from an “equal weight” rating to an “underweight” rating and set a $17.00 price target for the company. in a research note on Friday, January 10th. Zacks Investment Research raised SolarWinds from a “sell” rating to a “hold” rating in a report on Tuesday. Royal Bank of Canada restated a “buy” rating and set a $22.00 price objective on shares of SolarWinds in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on SolarWinds from $28.00 to $27.00 and set an “overweight” rating on the stock in a report on Thursday, December 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $21.64.
SolarWinds stock opened at $18.57 on Thursday. SolarWinds has a 52 week low of $16.21 and a 52 week high of $21.66. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.73. The stock has a market cap of $5.80 billion, a P/E ratio of 371.47, a price-to-earnings-growth ratio of 2.46 and a beta of 1.68. The stock has a 50 day moving average of $18.79 and a 200-day moving average of $18.48.
SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Tuesday, February 4th. The software maker reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.02. SolarWinds had a net margin of 1.98% and a return on equity of 8.96%. The business had revenue of $247.50 million during the quarter, compared to analyst estimates of $251.76 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that SolarWinds will post 0.79 earnings per share for the current fiscal year.
In other SolarWinds news, EVP John Pagliuca sold 18,222 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $19.22, for a total transaction of $350,226.84. 1.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. ArrowMark Colorado Holdings LLC lifted its holdings in shares of SolarWinds by 9.2% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 7,647,755 shares of the software maker’s stock worth $141,866,000 after purchasing an additional 646,115 shares during the last quarter. Lexington Partners L.P. bought a new position in SolarWinds during the 4th quarter worth $51,485,000. Vaughan Nelson Investment Management L.P. grew its stake in SolarWinds by 6.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 2,034,130 shares of the software maker’s stock worth $37,530,000 after buying an additional 117,805 shares during the last quarter. Summit Creek Advisors LLC increased its position in SolarWinds by 15.8% in the third quarter. Summit Creek Advisors LLC now owns 742,462 shares of the software maker’s stock worth $13,698,000 after buying an additional 101,050 shares during the period. Finally, State Street Corp increased its position in SolarWinds by 15.6% in the fourth quarter. State Street Corp now owns 568,084 shares of the software maker’s stock worth $10,538,000 after buying an additional 76,476 shares during the period. 96.28% of the stock is currently owned by hedge funds and other institutional investors.
SolarWinds Company Profile
SolarWinds Corporation provides information technology (IT) infrastructure management software products in the United States and internationally. It offers products to monitor and manage network, system, desktop, application, storage, and database and Website infrastructures, whether on-premise, in the public or private cloud, or in a hybrid IT infrastructure.
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