SolarWinds (NYSE:SWI) Stock Price Passes Above 200-Day Moving Average of $11.90

SolarWinds Co. (NYSE:SWI) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.90 and traded as high as $12.25. SolarWinds shares last traded at $12.07, with a volume of 260,449 shares traded.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird raised their price target on SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.80.

SolarWinds Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.93, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 172.43 and a beta of 0.97. The firm’s 50-day simple moving average is $11.76 and its two-hundred day simple moving average is $11.90.

SolarWinds (NYSE:SWI) last announced its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. The business had revenue of $193.31 million for the quarter, compared to analyst estimates of $189.74 million. SolarWinds had a return on equity of 6.47% and a net margin of 1.58%. Sell-side analysts predict that SolarWinds Co. will post 0.69 EPS for the current fiscal year.

Institutional Investors Weigh In On SolarWinds

A number of large investors have recently added to or reduced their stakes in SWI. Trexquant Investment LP raised its holdings in shares of SolarWinds by 3.6% in the fourth quarter. Trexquant Investment LP now owns 31,898 shares of the software maker’s stock worth $398,000 after acquiring an additional 1,106 shares during the last quarter. ProShare Advisors LLC raised its stake in SolarWinds by 14.4% in the 1st quarter. ProShare Advisors LLC now owns 12,420 shares of the software maker’s stock valued at $157,000 after purchasing an additional 1,565 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in SolarWinds by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,746 shares of the software maker’s stock valued at $414,000 after purchasing an additional 2,145 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in SolarWinds by 28.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,633 shares of the software maker’s stock valued at $134,000 after purchasing an additional 2,343 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its stake in shares of SolarWinds by 1.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 208,102 shares of the software maker’s stock worth $2,626,000 after purchasing an additional 2,692 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

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.