SolarWinds (NYSE:SWI) Given New $14.00 Price Target at Robert W. Baird

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

SolarWinds Trading Down 4.2 %

Shares of NYSE SWI traded down $0.49 during mid-day trading on Friday, hitting $11.11. The company’s stock had a trading volume of 1,125,464 shares, compared to its average volume of 474,992. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 158.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. SolarWinds has a one year low of $8.83 and a one year high of $13.43. The company’s fifty day simple moving average is $11.76 and its 200-day simple moving average is $11.88.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, May 2nd. The software maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. The company had revenue of $193.31 million for the quarter, compared to analyst estimates of $189.74 million. SolarWinds had a net margin of 2.96% and a return on equity of 7.05%. On average, sell-side analysts anticipate that SolarWinds will post 0.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SWI. nVerses Capital LLC bought a new position in SolarWinds during the 2nd quarter worth approximately $41,000. New York State Teachers Retirement System bought a new position in SolarWinds during the 4th quarter worth approximately $57,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in SolarWinds during the 2nd quarter worth approximately $58,000. Ameritas Investment Partners Inc. bought a new position in SolarWinds during the 1st quarter worth approximately $62,000. Finally, Innealta Capital LLC bought a new position in SolarWinds in the second quarter valued at approximately $79,000. 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.