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

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

A number of other research analysts have also recently weighed in on SWI. Truist Financial started coverage on SolarWinds in a research report on Wednesday, March 6th. They issued a hold rating and a $13.00 price target for the company. Royal Bank of Canada raised their price target on SolarWinds from $13.00 to $15.00 and gave the company a sector perform rating in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. started coverage on SolarWinds in a research report on Thursday, February 1st. They issued a neutral rating and a $14.00 price target for the company. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $13.80.

SolarWinds Trading Up 0.9 %

NYSE:SWI opened at $11.80 on Monday. The stock has a fifty day moving average price of $11.72 and a two-hundred day moving average price of $11.65. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 168.57 and a beta of 0.97. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.90 and a current ratio of 0.90. SolarWinds has a 1 year low of $8.50 and a 1 year high of $13.43.

SolarWinds (NYSE:SWI) last released its quarterly earnings data on Thursday, February 8th. The software maker reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $198.14 million during the quarter, compared to analysts’ expectations of $190.54 million. SolarWinds had a return on equity of 6.33% and a net margin of 1.58%. As a group, sell-side analysts anticipate that SolarWinds will post 0.62 earnings per share for the current fiscal year.

SolarWinds Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, April 15th. Investors of record on Wednesday, April 3rd were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, April 2nd.

Institutional Trading of SolarWinds

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SWI. Voss Capital LLC increased its position in SolarWinds by 145.6% during the 4th quarter. Voss Capital LLC now owns 2,870,575 shares of the software maker’s stock worth $35,853,000 after purchasing an additional 1,701,736 shares in the last quarter. Dimensional Fund Advisors LP increased its position in SolarWinds by 11.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,770,945 shares of the software maker’s stock worth $59,589,000 after purchasing an additional 508,280 shares in the last quarter. Foundry Partners LLC acquired a new stake in SolarWinds in the 4th quarter worth about $5,420,000. Scalar Gauge Management LLC acquired a new stake in SolarWinds in the 4th quarter worth about $4,918,000. Finally, ABS Direct Equity Fund LLC acquired a new stake in SolarWinds in the 4th quarter worth about $2,498,000. 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.