SolarWinds Co. (NYSE:SWI) Receives $14.00 Average PT from Brokerages

Shares of SolarWinds Co. (NYSE:SWI) have been assigned a consensus rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $13.80.

Several equities analysts have recently issued reports on the company. Robert W. Baird lowered their price target on SolarWinds from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Scotiabank initiated coverage on shares of SolarWinds in a research report on Friday, September 13th. They issued a “sector perform” rating and a $13.00 price target on the stock.

Hedge Funds Weigh In On SolarWinds

A number of hedge funds and other institutional investors have recently modified their holdings of SWI. nVerses Capital LLC purchased a new stake in SolarWinds during the second quarter valued at about $41,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SolarWinds in the 2nd quarter valued at approximately $58,000. Ameritas Investment Partners Inc. purchased a new stake in shares of SolarWinds in the 1st quarter valued at approximately $62,000. Innealta Capital LLC acquired a new position in SolarWinds in the 2nd quarter worth approximately $79,000. Finally, CWM LLC grew its position in SolarWinds by 282.6% during the 2nd quarter. CWM LLC now owns 8,980 shares of the software maker’s stock worth $108,000 after purchasing an additional 6,633 shares in the last quarter. Institutional investors and hedge funds own 93.96% of the company’s stock.

SolarWinds Price Performance

Shares of NYSE SWI opened at $12.83 on Friday. The stock has a market cap of $2.17 billion, a P/E ratio of 183.29 and a beta of 0.97. The firm’s 50-day simple moving average is $12.24 and its 200 day simple moving average is $11.93. SolarWinds has a fifty-two week low of $8.83 and a fifty-two week high of $13.43. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.92.

SolarWinds (NYSE:SWI) last issued its quarterly earnings results on Thursday, August 1st. The software maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. SolarWinds had a net margin of 2.96% and a return on equity of 7.14%. The company had revenue of $193.30 million during the quarter, compared to analyst estimates of $188.67 million. During the same period in the prior year, the business posted $0.12 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts expect that SolarWinds will post 0.71 EPS for the current year.

SolarWinds Company Profile

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.