Brokerages Set SolarWinds Co. (NYSE:SWI) PT at $15.00

Shares of SolarWinds Co. (NYSE:SWI) have been given an average recommendation of “Hold” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $15.00.

A number of research analysts have issued reports on SWI shares. Wedbush initiated coverage on SolarWinds in a research note on Thursday, December 19th. They issued an “outperform” rating and a $20.00 target price for the company. Robert W. Baird raised their target price on shares of SolarWinds from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Finally, Scotiabank initiated coverage on SolarWinds in a research report on Friday, September 13th. They set a “sector perform” rating and a $13.00 price target on the stock.

Insider Buying and Selling

In related news, insider Jason Bliss sold 135,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $13.02, for a total transaction of $1,757,700.00. Following the transaction, the insider now directly owns 838,789 shares of the company’s stock, valued at approximately $10,921,032.78. This trade represents a 13.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William G. Bock sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $13.13, for a total value of $210,080.00. Following the completion of the sale, the director now owns 88,857 shares of the company’s stock, valued at approximately $1,166,692.41. This trade represents a 15.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 351,000 shares of company stock valued at $4,703,780. Company insiders own 1.95% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in shares of SolarWinds by 9.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 279,792 shares of the software maker’s stock worth $3,371,000 after buying an additional 24,400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in SolarWinds during the 2nd quarter worth approximately $58,000. Innealta Capital LLC bought a new stake in shares of SolarWinds in the second quarter worth $79,000. Banque Cantonale Vaudoise grew its position in shares of SolarWinds by 1.2% in the 2nd quarter. Banque Cantonale Vaudoise now owns 156,382 shares of the software maker’s stock valued at $1,884,000 after buying an additional 1,793 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in SolarWinds in the second quarter valued at approximately $170,000. 93.96% of the stock is owned by institutional investors.

SolarWinds Stock Down 1.1 %

Shares of NYSE SWI opened at $14.29 on Friday. SolarWinds has a 1 year low of $10.14 and a 1 year high of $14.94. The firm has a market capitalization of $2.44 billion, a PE ratio of 64.96 and a beta of 0.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.88. The firm’s 50-day moving average is $13.62 and its 200-day moving average is $12.76.

SolarWinds (NYSE:SWI) last issued its earnings results on Thursday, October 31st. The software maker reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. SolarWinds had a return on equity of 7.96% and a net margin of 4.93%. The firm had revenue of $200.03 million for the quarter, compared to analysts’ expectations of $194.03 million. During the same quarter last year, the business earned $0.11 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that SolarWinds will post 0.74 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.