Brokerages Set SolarWinds Co. (NYSE:SWI) Price Target at $13.80

SolarWinds Co. (NYSE:SWI) has been assigned a consensus recommendation of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.80.

Several analysts have commented on the company. Scotiabank began coverage on SolarWinds in a research note on Friday, September 13th. They set a “sector perform” rating and a $13.00 price objective for the company. Robert W. Baird cut their price target on SolarWinds from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SWI. GAMMA Investing LLC lifted its holdings in SolarWinds by 344.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,068 shares of the software maker’s stock valued at $27,000 after purchasing an additional 1,603 shares in the last quarter. nVerses Capital LLC purchased a new stake in SolarWinds in the 2nd quarter worth approximately $41,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in SolarWinds in the 2nd quarter worth approximately $58,000. Ameritas Investment Partners Inc. acquired a new position in SolarWinds in the 1st quarter valued at $62,000. Finally, Innealta Capital LLC purchased a new position in shares of SolarWinds during the 2nd quarter worth $79,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

SolarWinds Stock Performance

Shares of SWI opened at $13.21 on Tuesday. 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 has a 52-week low of $8.83 and a 52-week high of $13.43. The stock has a 50 day moving average price of $12.58 and a 200 day moving average price of $12.00. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 188.71 and a beta of 0.97.

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